Sourcing Category Manager Reporting to the Manager, Sourcing, the Sourcing Category Manager will be the resident expert in sourcing, costing, and delivering margins while exploring, sourcing, and managing the vendor base that develops and produces our product to a "Best Cost". With that, the department also guides the product creation and cross functional collaboration to our product margin targets. The role charged with driving their product category sourcing strategies from raw materials through finished goods by ensuring a world class global vendor base that delivers on brand product needs and margin targets. The role is charged with developing factory relationships to develop capabilities aligned with product category to deliver quality products in a timely, consistent manner. The Sourcing Category Manager will develop plans and strategies that will address category specific margin goals.
Core Accountabilities and Key Activities • Establish long range sourcing strategies to ensure a source base in place for business and delivery against our quality standards, business volume requirements, and financial expectations and translate them to seasonal strategies • Develop and execute vendor strategies to ensure capabilities and capacity to support the business • Guide the business and cross functional partners through the development cycle to achieve "Best Cost" and IMU Targets • Identify cost / margin challenges and opportunities against all categories in business • Alleviate product cost challenges by directing cross functional partners and vendors on action plans • Coordinate cross functional efforts toward category IMU targets, reporting for assigned category at each GTM gate. Provide guidance for solutions to improve margin • Drive comprehensive method and reporting standardization of margin enabling comparability throughout the GTM process. • Margin tracking and visibility to leadership and cross functional partners • Oversight of vendor base, manage relationships to achieve brand objectives • Ensure On boarding new vendors seamlessly with ramp up plans and plan for growth • Drive the 5 Year LRP Plans and Product roadmaps to inform medium and long-range strategies to support Merch product line plans and strategies and financial margin targets • Identify Product cost challenges and opportunities to leadership and cross functional partners to action against • Ensuring essential collaboration between LLL and vendor partners to manage costs, challenges, and opportunities • Partner closely with RM team for strategies on long lead time fabrication, multi sourcing efforts and optimizing vertical vendors • Maximizing leverage of subject matter expertise and experience while minimizing manual non-value-added activities.
Required Skills, Experience and Requirements: • 7-10+ years’ experience in product development, product manufacturing and Supply Chain • Strong knowledge of production and product construction and manufacturing, with expert knowledge of cost driver’s management within a supplier and the entire supply chain • Strong project planning and management skills, ability to develop and manage multiple timelines and deadlines. • Strong understanding of components of garment FOB. Understanding of how mix, sourcing, pricing, and other decisions affect overall profitability. • Extensive experience collaborating with internal and external stakeholders to establish shared goals. • Extremely organized, thorough and takes pride in quality work. • Strong analytical and problems solving skills. • Proven ability to prioritize and handle multiples task in a time sensitive manner. • Keen attention to detail in planning, organization, and execution of tasks, while still seeing the big picture and understanding how all the pieces fit together and affect one another. • Able to effectively articulate strategic recommendations and influence the decision-making process at all levels of the organization. • Ability to work with a large amount detail without losing sight of the big picture. • Excellent team player as well as the ability to work independently. • You are confident in your strengths, always open to challenges and live with integrity.