Sourcing Executive

About the Company

About the Role

Senior Executive- Sourcing & Merchandising

Key Responsibilities

Supplier Management:

• Build and maintain strong relationships with existing and new suppliers to ensure timely delivery of materials (e.g., fabrics, elastics, trims) while maintaining cost-efficiency.
• Negotiate pricing, lead times, and terms with suppliers to ensure the best possible value for the company.
• Conduct supplier audits and evaluations to ensure they meet quality, ethical, and sustainability standards.

Material Sourcing:

• Source high-quality fabric and other materials ensuring they meet design specifications, quality standards, and compliance regulations.
• Stay updated on trends in fabrics, materials, and finishes within the lingerie industry to ensure the company remains competitive.

Inventory Management:

• Track and manage the inventory of sourced materials to ensure optimal stock levels, reducing both shortages and excess inventory.
• Collaborate with the production team to forecast material requirements based on demand and production schedules.

Trend Analysis & Market Research:

• Conduct market research and trend analysis to identify emerging styles, colors, and consumer preferences, ensuring the product assortment remains current and appealing.
• Regularly review competitors' offerings, pricing strategies, and merchandising tactics to inform decision-making and strategy development.

Cross-functional Collaboration:

• Work closely with product development, design, and production teams to ensure that materials, product designs, and production schedules align with the merchandising plan.
• Provide input to the design team regarding material availability, production timelines, and cost considerations during the product development phase.

Sustainability & Compliance:

• Ensure that sourcing strategies support the company’s sustainability goals, including sourcing eco-friendly materials and working with suppliers who adhere to ethical practices.

Qualifications & Requirements:

• Bachelor’s degree in Business, Fashion Merchandising, Textile Science, Supply Chain Management, or related field.
• 4-5years of experience in sourcing, merchandising, or product development within the lingerie or apparel industry.
• Exceptional skills in negotiation, leveraging market understanding to secure cost-effective procurement deals.
• Strong analytical skills with a robust capability in conducting market research to identify sourcing opportunities and strategies
• Strong communication and negotiation skills with the ability to build relationships with suppliers, manufacturers, and internal teams.
• Knowledge of trends in the lingerie market and understanding of consumer preferences in lingerie and intimate apparel.
• Ability to develop and maintain productive vendor relationships to foster long-term partnerships and collaborations.
• Proficiency in Microsoft Office Suite (Excel, Word, PowerPoint). Experience with sourcing/merchandising software is a plus.
• Candidate should have predominantly knits experience