Southern Tide · 12 hours ago
Sourcing Manager
Greenville, SC - Southern Tide Headquarters
Full-time
Onsite
Mid LevelSouthern Tide is a company that shares a love for the coastal lifestyle through premium products and services. The Sourcing Manager will partner with Design, Merchandising, and Planning teams to create strategies regarding cost, margin, and vendor placement, while also managing vendor relationships and sourcing appropriate materials.
Fashion
Responsibilities
Direct Design team on price/cost estimates and vendor placement, keeping all in line with costing and margin management strategy
Create comprehensive vendor and costing strategies to enable long-term gross margin expansion
Calculate target cost and communicate costing strategy to all cross-functional partners and ensure cost targets are communicated to suppliers at the beginning of each season’s development
Track and determine if margin goals are being met throughout line development and pre-production
Partner with Planning on short-term and long-term projections to leverage buys and negotiate costs
Oversee and manage style-level cost negotiations
Proactively manage development challenges and changes by providing costing guidance and targets to vendors
Research, source and innovate brand appropriate fabrics and trims. Source new fabrics and trims with vendors to stay relevant to the market and improve functionality of products
Ensure rationalization of fabrications for effective use of resources and as part of an aggressive costing strategy as well as eliminating fabric risk and liabilities
Establish protocols for the sourcing process (testing parameters, quality control, product safety, multiple samples per style, etc.)
Lead future category strategies and provide appropriate and timely direction to the cross-functional team
Communicate seasonal product strategies to current and potential vendors
Manage vendor relationships to strengthen partnerships and to better understand sourcing capabilities, negotiate costs (including development cost), negotiate lead-times, and source innovation
Onboarding of vendors and management of overseas product team activities
Research and develop new vendors and markets to determine opportunities for production, resulting in shorter lead times, potential cost savings, better quality, and greater flexibility
Develop and maintain a sourcing guide of all locations and their capabilities by product, fabrication, and country
Influence the makeup and strategy of the line via in-depth product/cost analysis, QC expectations and product safety
Create, analyze, and present seasonal product margin reporting to leadership and cross-functional teams
Management of Southern Tide Corporate Calendar and accountability of all teams involved
Develop, implement, and maintain multi-season product margin reporting
Actively look for opportunities to improve and streamline processes to reduce costs and maximize profits
Assist with other projects and duties as needed to help support the overall business
Qualification
Required
Experience in sourcing and vendor management
Ability to create comprehensive vendor and costing strategies
Strong analytical skills for product/cost analysis
Experience in managing style-level cost negotiations
Ability to communicate costing strategy to cross-functional partners
Experience in managing vendor relationships
Knowledge of fabric and trim sourcing
Ability to establish protocols for the sourcing process
Experience in developing and maintaining product margin reporting
Ability to influence product strategy through analysis
Experience in onboarding vendors and managing overseas product team activities
Benefits
Generous vacation policy
Health and wellness coverage
401k with company match
Discounted stock purchasing
Options for education reimbursement
Amazing product discounts
Company
Southern Tide
Southern Tide manufactures and markets classically styled clothing, footwear, and accessories for men, women and children.
Founded in 2006
51-200 employees
Funding
Current Stage
Growth StageTotal Funding
unknown2016-04-20Acquired
Leadership Team
Carey Campbell
Chief Executive Officer
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