Offer summary

Qualifications:

Strong negotiation skills to secure favorable terms with suppliers., Proficiency in data analysis and market research for informed decision-making., Excellent verbal and written communication skills for effective relationship management., Familiarity with the wholesale industry and relevant product categories..

Key responsabilities:

Conduct thorough market research to identify trends and guide product selection.

Negotiate contracts and pricing terms with suppliers to ensure favorable conditions.

Prepare reports on procurement activities and supplier performance for management.

Collaborate with internal teams to align product offerings with customer demand.

Job description

This is a remote position.

Schedule: Monday to Friday; 9:00 AM to 5:00 PM West Jordan, Utah, USA, Mountain Time; 40 hours per week / 8 hours per day, 30-minute paid break

Roles and Responsibilities

1. Market Research and Analysis

Conduct thorough market research to identify trends, potential products, and competitive pricing.
Analyze customer preferences and purchasing behaviors to guide product selection.

2. Sourcing Products

Identify and evaluate potential suppliers, manufacturers, and distributors.
Negotiate contracts and pricing terms with suppliers to ensure favorable conditions.

3. Building Supplier Relationships

Establish and maintain strong relationships with suppliers to secure reliable product availability.
Communicate regularly with suppliers to stay updated on market changes, new products, and pricing.

4. Product Evaluation

Assess product quality, specifications, and compliance with industry standards.
Conduct sampling and testing of products to ensure they meet company standards.

5. Inventory Management

Collaborate with inventory management teams to forecast demand and maintain optimal stock levels.
Monitor inventory turnover rates and adjust sourcing strategies accordingly.

6. Cost Analysis

Analyze cost structures to identify opportunities for cost savings and improved margins.
Work with finance teams to ensure pricing strategies align with overall business objectives.

7. Strategic Planning

Develop and implement sourcing strategies that align with the company’s growth goals.
Participate in setting long-term objectives related to product acquisition and supplier partnerships.

8. Reporting and Analytics

Prepare reports on procurement activities, supplier performance, and market trends for management.
Use data analytics tools to track key performance indicators (KPIs) and improve sourcing efficiency.

9. Compliance and Risk Management

Ensure that all sourcing activities comply with relevant regulations and company policies.
Assess and mitigate risks associated with suppliers and market fluctuations.

10. Collaboration and Communication

Work closely with sales, marketing, and logistics teams to align product offerings with customer demand.
Facilitate effective communication between internal teams and external suppliers.

Skills and Qualifications

Strong Negotiation Skills: Ability to negotiate favorable terms with suppliers.
Analytical Thinking: Proficiency in data analysis and market research.
Communication Skills: Strong verbal and written communication for effective relationship management.
Project Management: Ability to manage multiple sourcing projects simultaneously.
Industry Knowledge: Familiarity with the wholesale industry and product categories relevant to the business.