What are the responsibilities and job description for the Global Vendor Management Specialist position at Best Choice Products?
Position : Global Vendor Management Specialist
FSLA Status : Full-time / Exempt
Location : Newport Beach, CA
Travel : Up to 25% of domestic and international travel
Pay Rate : $60,000- $80,000 USD
Bilingual in English and Mandarin or Vietnamese Required
About Us
At Best Choice Products, our mission is to develop the world's best-selling products inspired by real people. For over 20 years, our e-commerce retail brand has been committed to developing products for families everywhere. Our diverse catalog includes outdoor living, lawn & garden essentials, toys & games, home furniture, and even seasonal decor. As we like to say, there's something for everyone in the family! Our success is best defined by a collaborative culture full of inspired minds and a willingness to contribute new ideas. Some of our most rewarding moments include being part of the Inc. 5000 list of fastest-growing private companies in America and a Top Workplace (2022) by the Orange County Register! Please visit our website for more information.
Scope of the Role
The Global Vendor Management Specialist will own the business relationships with key vendors across multiple categories and be responsible for driving top and bottom-line results. This individual is focused on growing vendor relationships, negotiating annual terms, accurately measuring, and tracking vendor performance to drive cost saving while providing value back to the company. Additionally, this position requires staying on top of the industry and competitive trends and is able to execute at both a tactical and strategic level to drive selection, sales, and margin growth, while also improving our customer experience.
Reporting Structure
The Global Vendor Management Specialist is a member of the Vendor Management Team and reports to the Director of Vendor Management. This position also partners with cross-functional team members across the organization.
Essential Functions & Key Responsibilities
- Maintain and build business relationship with vendors for benefits such as financial support, priority in manufacturing schedules, and overall commitment to building the best products.
- Work with Sales, Product Quality, Product Development, Procurement, Sourcing departments to plan procurement purchases based on vendor performance, capacity, and market situation.
- Initiate strategic negotiations to resolve chargebacks to hold vendors accountable for product quality, product improvement and recover the Company losses
- Be the lead and maintain contact between vendors and BCP inter-departments relating to on time delivery, product quality, negotiation, and execution of purchasing contracts / agreements / policies.
- Maintain regular vendors governance process to get more values from vendors to allow BCP to plan proactively and identify new opportunities for business expansion.
- Ensure vendors always provide timely responses to all BCP Teams' inquiries, accurately validate, adhere to production schedules, and allow unrestricted access to our inspectors.
- Partner with all departments to ensure vendors compliance with BCP requirements.
- Track vendors metrics, maintain and manage routine business review with vendors.
- Provide subject matter expertise, and develop and implement corrective action plans to improve vendors performance to avoid reoccurring issues.
- Provide proactive business recommendations by aggregating vendor performances (Ontime Delivery, Product Quality, service level, etc.) to achieved planned outcomes based on business needs.
- Facilitate escalation process for a solution / plan of action in coordination with BCP inter-departments and vendors.
- Ensure vendors contact information and securely validates any requested changes.
- Ensure that item prices and payment terms are continually reviewed, evaluated, maintained, and negotiated.
- Analyze existing vendors to determine their qualification for a new product through vendor performance and capacity.
- Conduct vendor training for BCP mission & goals, platforms, workflow, and requirements.
- Seek and implement continuous process improvement.
- Perform other duties as assigned.
Qualifications & Required Experience
Benefits & Perks
Join us and experience a workplace where benefits and perks are designed with you in mind.
If you meet most of our criteria and are excited about our mission, we encourage you to apply and grow with us. Your unique experiences and perspectives could be just what we're looking for.
Whe re to Find Us
www.bestchoiceproducts.com
Facebook, Instagram, X, TikTok, Pinterest, and YouTube
At BCP, we are committed to building a diverse and inclusive workplace where everyone can thrive. Best Choice Products proudly provides equal employment opportunities to all employees and applicants, embracing differences in race, color, religion, age, sex, national origin, disability status, genetics, protected veteran status, sexual orientation, and gender identity. Discrimination and harassment of any kind have no place here.
Salary : $60,000 - $80,000
