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Supplier Relations & Buying Manager
ThrasioUnited States (Remote), United StatesRemotefull_timeVerifiedPosted 4 Nov 2024
💰 $100,000/yr($90,000/yr – $100,000/yr)
About the role
We are Thrasio - Builders Welcome!
At Thrasio, we build brands, using a deep understanding of rankings, ratings, and reviews – plus supply chain and marketing smarts – to transform the art and science of commerce. Thrasio products can be found in over 80 million households, with an estimated 1 in 2 US homes having purchased a Thrasio product over the last three years. And our goal is for all of those households to be truly delighted by their purchase.
What Makes Us Unique
At Thrasio, we’re in building mode: block by block we’re working together to construct a great company. What does that look like? Everyone is a leader - we lean into opportunities, not titles. We expect everyone to behave and act like a leader. Our Leadership Principles inform the ways we work together to ensure the brands, products and services we offer truly delight our customers. Everyone is a builder - whether it’s gaining marketable new skills through project sprints outside of your own function, or standing up more efficient ways of work - we’re doing it from the ground up. Everyone belongs- a sense of belonging brings us all together. We operate as One Team.
About the RoleWe are seeking a Supplier Relations & Buying Manager to manage our procurement strategies for Angry Orange and play a critical role in its growth. This role is responsible for end-to-end inventory management, including forecasting, purchasing, production planning, transportation, and managing inventory within Amazon and other channels. As the single point of contact for supplier relations, you will own supplier relationships, cost negotiations, and ensure streamlined procurement processes, supporting the implementation of strategic sourcing and promoting operational efficiency. In this role you will also oversee supplier performance.LocationUSA Remote, involves travel to suppliers (estimated 4 weeks per year)
At Thrasio, we build brands, using a deep understanding of rankings, ratings, and reviews – plus supply chain and marketing smarts – to transform the art and science of commerce. Thrasio products can be found in over 80 million households, with an estimated 1 in 2 US homes having purchased a Thrasio product over the last three years. And our goal is for all of those households to be truly delighted by their purchase.
What Makes Us Unique
At Thrasio, we’re in building mode: block by block we’re working together to construct a great company. What does that look like? Everyone is a leader - we lean into opportunities, not titles. We expect everyone to behave and act like a leader. Our Leadership Principles inform the ways we work together to ensure the brands, products and services we offer truly delight our customers. Everyone is a builder - whether it’s gaining marketable new skills through project sprints outside of your own function, or standing up more efficient ways of work - we’re doing it from the ground up. Everyone belongs- a sense of belonging brings us all together. We operate as One Team.
About the RoleWe are seeking a Supplier Relations & Buying Manager to manage our procurement strategies for Angry Orange and play a critical role in its growth. This role is responsible for end-to-end inventory management, including forecasting, purchasing, production planning, transportation, and managing inventory within Amazon and other channels. As the single point of contact for supplier relations, you will own supplier relationships, cost negotiations, and ensure streamlined procurement processes, supporting the implementation of strategic sourcing and promoting operational efficiency. In this role you will also oversee supplier performance.LocationUSA Remote, involves travel to suppliers (estimated 4 weeks per year)
Key Responsibilities
- Supplier & Vendor Management
- Develop and implement sourcing plans aligned with the Angry Orange strategic growth plan
- Negotiate product costs for new products and pursue regular cost negotiations for existing products
- Manage supplier performance and mitigate supply base risks
- Set forecasts, purchase, and production plans
- Build strong supplier relationships and act as a single point of contact for all Angry Orange sourcing and supplier-related matters
- Inventory & Procurement Strategy
- Develop and maintain an informed point of view on the cost trade offs of purchasing “finished good” product versus owning the end-to-end supply chain (i.e. purchasing raw materials and components)
- Oversee inventory forecasting, planning, and transportation management, particularly for Amazon and other key channels, ensuring availability and optimal stock levels
- Support new product launches and quality initiatives, ensuring that procurement aligns with Angry Orange’s goals and meets Thrasio’s high standards
- Drive optimization, simplification, and cost-savings through strategic sourcing initiatives
- Contract Administration & Supplier KPIs
- Review and negotiate master agreements, NDAs, SOWs, and execute amendments and renewals
- Establish supplier KPIs to monitor contract compliance, ensure adherence, and take corrective actions to improve compliance with internal and external standards
- Track supplier KPIs, including OOS %, Days of Supply (DOS), lead time, and COGS, while supporting compliance activities related to product sourcing and regulatory standards
Your Key Performance Indicators
- Out of Stock (OOS) % & Revenue Lost due to OOS
- Weighted Days of Supply (DOS) for the Brand
- Purchase Order Lead Time
- Cost of Goods Sold (COGS)
What You Bring to the Party
- Bachelor’s degree in Business Administration, Supply Chain Management, or a related field
- 5+ years experience in sourcing, buying, vendor management, and supplier relations
- Strong negotiation and contract management skills, with a demonstrated ability to lead cost-saving initiatives
- Proficiency with NetSuite and prior experience in Amazon inventory management is preferred
- Excellent communication, collaboration, and interpersonal skills, with a high level of independence and ability to manage multiple projects
- Ability to deal with ambiguity in a fast-paced, ever-changing environment
- Analytical mindset with strong problem-solving abilities and attention to detail
What We Offer
- The chance to be part of a next-gen consumer goods company that is changing the industry
- A collaborative work environment as part of a dedicated brand team e
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