Senior Associate Garment Costing & Sourcing

As a Senior Associate in Garment Costing & Sourcing at The Souled Store in Mumbai, Lower Parel, you will play a crucial role in evaluating vendor capabilities, negotiating costs, and enhancing vendor allocation strategies to ensure cost-effective sourcing of garments. Your interest in fashion and supply chains, paired with a data-driven mindset, will help drive measurable improvements in sourcing outcomes. **Responsibilities:** - **Garment Costing & Analysis** - Assist in evaluating garment cost breakdown for new and existing styles. - Analyze cost components (fabric, trims, labor, logistics) to identify cost-saving opportunities. - Define cost benchmarks across vendors and product categories to identify areas of savings. - Develop and maintain Excel dashboards and tools for cost tracking, vendor scoring, and sourcing performance reviews. - **Vendor Evaluation & Sourcing Strategy** - Organize, maintain, and analyze vendor data including capacities, capabilities, quality, cost history, and performance. - Assist in vendor performance analysis such as cost competitiveness, on-time delivery, order accuracy, and quality KPIs. - Organize and analyze data for past orders, lead time, cost, and quality performance to identify allocation strategies. - **Cost Optimization Initiatives** - Identify cost-saving opportunities through fabric/yarn sourcing alternatives or production efficiencies. - Participate in discussions with vendors to negotiate initial costs and cost breakdowns. - Prepare data reports and presentations for internal cost review meetings. - **Process Improvement** - Support in identifying bottlenecks or inefficiencies in current costing and sourcing workflows. - Propose and test process enhancements for costing templates, automated trackers, or improved communication templates. - Contribute to SOP creation for costing, order allocation, and vendor engagement workflows. **Qualifications:** - Bachelors degree in Fashion Technology, Apparel Merchandising, Textile Engineering, or related fields. - 2-3 years of experience in sourcing, costing, or production (including internships). - Proficient in Microsoft Excel (VLOOKUP, Pivot Tables, conditional formatting, basic formulas); familiarity with Google Sheets or BI tools is a plus. - Good understanding of garment construction, production processes, and textile terminology. - Comfortable working with large datasets and drawing actionable insights. - Strong analytical thinking, attention to detail, good communication, and interpersonal skills. - Eagerness to learn, collaborate, and take initiative.,