Yami - Brea, CA
posted 5 months ago
The Purchasing Management Specialist is a pivotal role responsible for the planning, sourcing, and purchasing of all products within designated categories. This position entails end-to-end ownership of a product category, which includes daily functions such as sourcing new vendors, managing vendor relationships, negotiating costs and terms, maintaining existing product lines, and establishing new product lines. The specialist will collaborate closely with marketing and promotion teams to devise pricing and selling strategies aimed at scaling and expanding the customer base while driving growth in Gross Merchandise Value (GMV) and maintaining healthy profit margins. A key requirement for this role is bilingual proficiency in Mandarin to facilitate effective communication and negotiation with both domestic and international vendors. The responsibilities of the Purchasing Management Specialist extend to generating purchase orders, following up on their status, and ensuring timely delivery. The role also involves sourcing and developing new vendors, crafting negotiation strategies, and closing deals under optimal terms. The specialist will be tasked with sourcing and developing new products in the Asian food segments, taking into account customer demands, pricing, quality, availability, market trends, and budget constraints. Additionally, the specialist will be responsible for developing and executing category sourcing and purchasing strategies, utilizing data and metrics to enhance key performance indicators (KPIs) related to inventory levels, turnover, and cash flow. The ability to forecast prices and analyze customer buying patterns is essential for optimizing product assortments and pricing strategies. Vendor relationship management is another critical aspect of this role, requiring the specialist to maintain strong vendor relationships and performance metrics, including fill rates and lead times. The specialist must demonstrate confidence and perspective during challenging negotiations and tight deadlines while partnering with cross-functional teams on various promotional and marketing initiatives. Overall, the Purchasing Management Specialist plays a crucial role in driving customer satisfaction and business growth through effective purchasing strategies and vendor management.