Sourcing Manager Beauty
Similar Industry Titles and Key Words: Sourcing Manager
Who we're looking for
The retail landscape is changing - fast - and Target is evolving along with it. When we created our brand promise of “Expect More. Pay Less.” it paved the way for Target to infuse affordable fashion into our assortment and deliver an outstanding experience for our guests. We are pioneers of innovation with our owned brands and unique partnerships from Up & Up to Sonia Kashuk. Today, Target continues to be committed to bringing our guests what they want, when they want it, where they want to shop - in our over 1,800 stores, mobile, online and the retail channels of the future.
We're looking for a Sourcing Manager who is interested in putting their business, leadership, and people skills to work. Be a leader and trendsetter by delivering your passion for retail to Target. Our team is our greatest asset, so we invest in the growth and development of our team, and have fun while doing it.
Use your skills, experience and talents to be a part of groundbreaking thinking and visionary goals. As a Sourcing Manager, you'll take the lead as you…
·Develop and maintain an optimal vendor matrix that achieves both short-term and long-term cross functional team strategies that deliver high quality, trend right product at a great value for our guests
·Drive sourcing strategy to support strategic business opportunities, country of production assessment, and help Target achieve our financial plans
·Establish transparent communication and build strong relationships with our overseas partners, cross-functional team, and other stakeholders to ensure best in class sourcing in both product development and program execution
·Educate cross-functional team on the import process, product/material knowledge, manufacturing process, vendor matrix and global trends
·Travel internationally/domestically to assess and build strong vendor partnerships, expand product and production knowledge, and enhance Global Sourcing expertise.
·As the costing expert, utilize available tools to understand all costing components and negotiate the best value, considering a combination of quality and cost for the brand.
·Develop and execute negotiation strategies and lead owned brand product negotiations
·Create accurate annual financial plans by vendor to support future growth and ensure that strategic goals are met
- 4 year degree
- 3 - 7 years relevant merchandising and/or sourcing experience
- Flexibility, resiliency, and nimbleness; comfortable working within constant change
- Demonstrated leadership skills
- Ability to think strategically and conceptually
- Excellent communication and collaboration skills with internal and external partners
- Ability to influence and lead cross functional teams
- Demonstrated negotiation and vendor management skills
- Strong analytical and financial skills