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Advance Auto Parts · 1 hour ago

Private Label Merchandise Development and Sourcing Manager

Raleigh, NC

Full-time

Hybrid

Senior Level

5+ years exp

Advance Auto Parts is seeking a Private Label Merchandise Development and Sourcing Manager to oversee the development, management, and sourcing of private label products. The role involves collaborating with cross-functional teams to align products with brand strategy and quality standards while managing vendor relationships and financial objectives.

AutomotiveRetail

Responsibilities

Coordinate the sourcing, design and production of private label products, ensuring they meet quality standards and align with the company’s brand strategy

Analyze market trends and customer preferences to provide recommendations for merchandise assortments that align with financial targets and customer demands

Conduct research to identify market trends and target customer preferences, helping inform product development and assortment planning decisions

Facilitate communication and collaboration between the global sourcing team in Taipei, the U.S.-based category management team, and the product quality assurance team to ensure cohesive product development and sourcing strategies

Partner with the Taipei Sourcing Team and leads the sourcing of products from both domestic and international markets. Identify and establish relationships with new vendors to ensure a diverse, cost-effective, and high-quality supply base

Assist in developing and maintaining relationships with domestic and international vendors, collaborating on product specifications, packaging, labeling, MOQs, and cost-effective shipping models. Continuously evaluate vendor performance and negotiate terms to support competitive pricing and innovation

Assist in developing timelines for new projects and product launches, ensuring adherence to schedules and budgets

Assist in developing merchandising strategies, sales targets, and profitability objectives for private label product assortments, ensuring they meet overall company goals. Monitor and manage financial metrics related to sourcing and product quality, including cost savings, supplier performance metrics, and revenue growth

P&L ownership across private label products, margin management, and financial KPIs (e.g., inventory turn, speed to market)

Assist in ensuring that private label products meet established quality standards, minimizing returns and enhancing customer satisfaction

Ensure all private label merchandise complies with international trade laws and regulations, including accurate product classification, proper documentation, and adherence to import/export requirements

Qualification

Private label product developmentP&L managementMarket analysisVendor managementFinancial oversightCross-functional collaborationAnalytical skillsQuality assuranceMicrosoft Office SuiteOrganizational skills

Required

A minimum of 5-10 years in retail, private label, or consumer packaged goods (CPG) product development and sourcing, with demonstrated success in profit and loss (P&L) ownership and delivering against key performance indicators (KPIs)

Proven track record of creating and launching innovative, customer-focused products in partnership with cross functional teams

Bachelor's degree in business, Supply Chain, Merchandising, or a related field; OR equivalent combination of experience and education

Strong organizational and facilitation abilities

Ability to conceptualize and implement new ideas to enhance product offerings

Strong capability to analyze market trends, consumer preferences, and sales data to make informed decisions and address challenges effectively

Proficiency in overseeing product development timelines, coordinating cross-functional teams, and ensuring timely product launches

Excellent ability to collaborate with internal teams and external partners, and to present ideas and strategies clearly and persuasively

Deep understanding of market dynamics, consumer behavior, and competitive landscapes to inform product development and positioning strategies

Experience in P&L management, pricing strategies, and sales forecasting to drive profitability and achieve financial targets

Understanding of product development and private label management processes

Familiarity with quality assurance processes and standards

Proficiency in Microsoft Office Suite and relevant product development software