Strategic Sourcing Specialist
CohesitySalary not specified
Full Time
Mid-level (3 to 4 years), Senior (5 to 8 years)
Not SpecifiedCompensation
Senior (5 to 8 years), Expert & Leadership (9+ years)Experience Level
Full TimeJob Type
UnknownVisa
Retail, Food and Beverage, Consumer GoodsIndustries
Requirements
- Bachelor's Degree
- 7-10 years of experience in retail, manufacturing, or Sourcing industry
Responsibilities
- Execute Private Brand sourcing strategies for assigned categories, including direct imports for Private Brand and National Brand items, to maximize margin and profitable sales
- Develop complex sourcing strategies for assigned products by collaborating with cross-functional business partners to understand product demand
- Serve as subject-matter and industry expert for multiple commodities and items, overseeing sourcing programs at the item level, and influencing business partners to bring product and packaging innovation to market
- Align sourcing strategy with the annual operating plan of merchants, providing perishability and quality insights to guide merchandise flow and replenishment decisions
- Incorporate company growth strategies into planning, such as growth in direct imports
- Create complex vendor decision matrices by evaluating new and existing vendors based on performance metrics and long-term potential
- Negotiate with vendors to obtain products at the lowest sustainable costs, track awarded costs against actual costs, ensure cost keys are accurate, and inform planners and merchants of changes affecting the cost of goods
- Develop strategic vendor relationships with multi-year contracts for business continuity
- Identify, develop, and maintain supplier relationships that meet company financial, ethical, and sustainability standards
- Assess and develop vendor capabilities, conduct quarterly performance reviews, and resolve vendor issues
- Drive execution of business plans and projects, remove barriers, provide resources, and develop contingency plans
- Ensure associates receive supervision and development opportunities, promote company policies and values, and evaluate the effectiveness of current plans, programs, and initiatives
- Support community outreach events
- Demonstrate leadership expectations: Respect the Individual (demonstrate respect, drive positive experiences, embrace differences, develop others, build relationships, communicate effectively); Act with Integrity (maintain ethics, model values, support regenerative goals, follow laws/policies, foster non-retaliation); Serve our Customers (deliver results with customer first, apply omni-merch approach)
Skills
Sourcing Strategies
Vendor Negotiation
Supplier Management
Contract Negotiation
Performance Metrics
Cost Management
Private Brand Sourcing
Direct Imports
Commodity Expertise
Vendor Performance Reviews
Supply Chain Management
Procurement
Strategic Planning
Cross-Functional Collaboration
Sustainability Standards
Walmart
Global retail chain offering affordable products
About Walmart
Walmart operates a chain of hypermarkets, discount department stores, and grocery stores, providing a wide variety of products at low prices to everyday consumers, families, and communities. The company combines physical retail locations with an e-commerce platform, allowing customers to shop for groceries, apparel, electronics, and household items both in-store and online. Walmart's efficient supply chain management and large-scale purchasing enable it to maintain affordability, setting it apart from competitors. The company also offers financial services and health and wellness services, including pharmacies and vision centers. Walmart's goal is to save people money and support communities, as demonstrated by its efforts during the COVID-19 pandemic and its commitment to social responsibility, including programs for veterans and military families.
Bentonville, ArkansasHeadquarters
1962Year Founded
$5,515MTotal Funding
IPOCompany Stage
Financial Services, Consumer GoodsIndustries
10,001+Employees
Benefits
PTO: Paid vacation, sick time, personal time and holiday time
10% discount on regularly priced general merchandise and fresh fruits and vegetables
6% 401(k) match to all employees, including hourly workers, after one year
Roth IRA available
Associate Stock Purchase Plan
maximum and eligible preventive care covered at 100%
Health reimbursement plans
Risks
Rising U.S. labor costs could pressure profit margins.
Amazon's grocery delivery expansion threatens Walmart's market share.
Fintech investments expose Walmart to financial regulatory risks.
Differentiation
Walmart's omnichannel strategy integrates physical and online retail seamlessly.
The company offers a wide range of products at consistently low prices.
Walmart's commitment to community support enhances its brand reputation.
Upsides
Walmart's investment in fintech expands its financial services offerings.
Robotics integration in distribution centers boosts operational efficiency.
Culturally themed product lines attract diverse customer segments.
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