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Director of Procurement – Retail
Summit Search GroupMississauga, ON
Il y a 19 jours
Description de poste
Responsibilities : Procurement Strategy
Develop and implement a buying & sourcing strategy, considering market trends, consumer preferences, and company goals. Resulting in improvement of quality of active SKUs
Continuously seek opportunities to improve the current pricing strategies to increase the profitability of inventory
Develop and implement an effective exit strategy for old and out-of-trend products beyond clearance sales
Inventory Management
Develop and implement effective & efficient inventory management processes to drive increases in inventory management KPIs including inventory turnover
Oversee the inventory of 10 brick-and-mortar stores with 1 warehouse / distribution center & e-commerce to achieve company sales targets
Work with the vendors to maintain consistent and reliable stock availability for all active SKUs, minimizing the occurrence of stockouts
Allocate and distribute inventory effectively, ensuring right stock at right locations
Apply lean principles and identify areas where wastes can be reduced to improve the overall quality of the inventory
Vendor Management
Establish vendor management KPIs to measure and drive improvements to vendor’s deliverables & terms
Continuously work with industry vendors (45+) to strengthen relationships and reduce costs
Leverage vendor relationships to increase support from vendors towards overall company goals
Lead vendor negotiations and ensure execution of developed sourcing & negotiation strategy
Team Leadership and Development
Grow a team of 3 procurement professionals through clear structure and coaching with industry best practices
Create a scalable structure, allowing for seamless addition of new stores without requiring additional hires
Foster a culture of continuous learning and growth within the team.
Delegate responsibilities effectively, ensuring each team member’s skill set is maximized
Trend Monitoring and Product Lifecycle Management
Define a clear life cycle for all active SKUs in the company
Stay on top of consumer, vendor, and industry trends
Introduce new and trending products to meet customer demands
Regularly monitor vendor trends to assess any risks in supply chain and competitor landscape to make necessary adaptations
Collect regular feedback from retail, marketing & customers
Communication and Collaboration
Regularly assess and report the health of company’s inventory with strategic inventory data and KPIs
Work collaboratively with multiple departments and retail stores to ensure effective communication
Proactively engage with marketing and retail in driving increased profitability
Lead cross-functional teams on sourcing projects and contracting efforts
Merchandising
Collaborate with Retail Operations Manager to ensure effective visual merchandising plans are in place for the retail stores
Regularly visit locations to assess areas of improvement and control item selection strategies
Required Skills and Knowledge :
Demonstrated success in increasing the profitability volume and variety of merchandise
Strong technical and analytical skills to draw insight out from large sets of data within the existing systems for making informed decisions
Strong negotiation skills and vendor management experience
Strong partnership with Marketing to drive sell-through
Strong understand of pricing structure
Understanding of inventory dynamics in the warehouse / distribution center, brick-and-mortar stores & e-commerce
Education and Experience :
Demonstrated experience in optimizing effective procurement strategies to increase profitability and productivity for the organization
Minimum of 7 to 10 years procurement experience and 5+ years leading teams
Post-secondary education in Procurement, or a related field from a recognized institution preferred
Experience opening new markets and distribution channels is a bonus