Director Strategic Sourcing

Job Description

Job Description

Job Title: Director Strategic Sourcing

Job Location: New Providence, NJ (hybrid on as needed basis)

Overview:

The Director Strategic Sourcing will play a critical role in developing and executing our sourcing diversification initiative while navigating market uncertainty to set HGU up for continued future success. Our ideal candidate will come to us with hardgoods category experience sourcing in a variety of countries and is able to commute to our New Providence, NJ office as needed to meet with partner teams, ensure sample quality, etc.

What You’ll Do:

• Identify and execute new opportunities across the business line to proactively source customer-compliant suppliers and new products that achieve our cost savings targets and quality standards.

• Identify SKUs, current forecasts, and vendors.
• Prepare and share Request for Quote, RFQ, with target costs.
• Review quotes and negotiate costs with vendors.
• Execute RFQ comparison forms for accurate cost comparisons.
• Facilitate Vendor Qualification Checklist, VQC.

• Develop interface with Audit team (Third Party and Internal).
• Interface with US and Shanghai (SHO) Creative Merchandising teams – support new development with vendor quotes and samples within timeline required for business award.
• Responsible for building/maintaining positive relationships with factories/suppliers that provide quality goods and value-added services that meet and/or exceed our customers’ value expectations.
• Interface with Global Sourcing:
  • Timeline Management
  • Special Projects
  • Factory Certification
    • Follow up on the status of New Vendors
    • Address Factory and/or Sourcing challenges when current factories require it
• Execute global sourcing projects for low risk, medium risk, and high-risk categories.
• Lead India-specific sourcing initiatives.
• Drive Costing Analysis and Cost Reductions
  • Vendor Price Increases – Margin Analysis and Negotiation
  • Special Projects and Margin Analysis
  • Cost Re-engineering
  • Replenishment Items
  • Consolidated Purchase Orders
  • Tooling/Molding Investments
• Coordinate new vendor set-up paperwork – SHO Sourcing and US Finance.

What You’ll Bring:

Experience:

• 8+ Years experience in Global Sourcing for hard good Categories: Toy, Stationery, Compounds, HBA, Activity Kits, Crafts, Seasonal, Home Décor
• Strong Expertise in working with Value Tier Customer Base- Dollar General, Family Dollar, Five Below, etc. is preferred

Skills:

• Strong interpersonal and communication skills
• Excellent time management skills including the ability to accommodate off-hours meetings with overseas teams
• Expert vendor negotiation skills

Additional Requirements:

• Extensive Travel required- 40% travel to domestic and international factories
• MUST have the ability to commute to our New Providence, NJ office on an as-needed basis