What are the responsibilities and job description for the Sr. Manager, Sourcing position at Hourglass Cosmetics?
HOURGLASS COSMETICS - SENIOR MANAGER, SOURCING (Hybrid Role)
Connected by creativity and driven by purpose. Hourglass Cosmetics is a vegan and cruelty-free beauty brand, redefining luxury cosmetics with high-performance products, innovative formulas, and award-winning franchises. Recognized by Forbes, Fast Company and Time Magazine as one of the most inventive beauty companies, Hourglass leads the industry with its breakthrough products and its commitment to animal welfare. Founded in 2004, Hourglass is globally available in 32 markets and nearly 3,000 doors including Sephora, Ulta, Neiman Marcus, Selfridges, Space NK and more. Hourglass became part of the Unilever Prestige division in 2017. Discover more about the Hourglass brand story and mission on our website hourglasscosmetics.com.
The Sr. Manager, Sourcing will oversee sourcing and procurement strategies for Hourglass Cosmetics, ensuring operational excellence, cost efficiency, and resiliency. Reporting directly to the Director of Sourcing and Procurement, this role will collaborate cross-functionally with Supply Chain, Product Development, Quality, and Finance teams to select, qualify, set-up and maintain high-quality vendors of finished products and packaging solutions. The Sr. Manager, Sourcing will maintain and identify process improvements for pricing, shipping specifications, and planning data.
WHAT YOU DO :
- Track and analyze Key Performance Indicators (KPIs) to evaluate supplier performance and ensure consistent achievement of quality, cost, delivery and customer service targets.
- Regularly assess suppliers for their lead time adherence, and work with the Supply Chain team to clearly define date fields, and ensure the measurement is fair and accurate.
- Work closely with our Supply Planner and Item Master Manager to keep lead times and MOQs up to date in our ERP
- Work with our Supply Chain team to ensure pricing file is up to date
- Work with our Product Development team to manage the quotation process
- Lead Quarterly Business Reviews (QBRs) with strategic suppliers and cross-functional internal team members to strengthen engagement, collaboration, and supplier accountability.
- Support global sourcing strategies to enhance supply chain resiliency, including near-shoring, co-locating primary and filling operations, and mitigating geopolitical risk.
- Oversee the on-boarding of potential new vendors ensuring capabilities align with business needs and compliance requirements, including NDA execution, Vendor Manual adherence, Certificate of Insurance (COI) submission, and Payment Terms agreement.
- Drive cost savings initiatives by negotiating with suppliers, implementing value engineering practices, and optimizing operational efficiencies, ensuing pricing tiers and timelines align with demand forecasts.
- Partner with Product Development and Marketing teams to support innovation pipelines and deliver on-time, successful product launches.
- Collaborate with Operations and Quality teams to resolve issues, secure financial recoupment when needed, and uphold Hourglass's rigorous quality standards.
- Monitor market trends, industry advancements, and supply chain risks to proactively identify opportunities and mitigate potential challenges.
- Support budgeting, forecasting, and financial reporting for sourcing-related activities, including inventory projection models to align with business goals.
- Champion sustainable sourcing practices that align with Hourglass's commitment to animal welfare and environmental responsibility.
YOU'LL LOVE THIS JOB IF :
QUALIFICATIONS :
The expected base salary range for this position is $115,000.00 to $120,000.00. The exact base salary is determined by various factors including experience, skills, education, geographic location, and budget. This position is also eligible for participation in the company discretionary bonus plan, based on personal performance and company results. In addition to base salary, Hourglass Cosmetics offers a competitive benefits package to eligible employees, including medical insurance, dental insurance, vision insurance, life insurance, accident insurance, critical illness insurance, disability insurance, retirement savings plans and company match, paid family leave, education-related programs, paid holidays, discretionary vacation time, and more.
Hourglass is an organization committed to diversity and inclusion to drive its business results and to create a better future every day for its diverse employees, global consumers, partners and communities. If you are an individual with a disability and need accommodation in order to apply for a job listing, please contact us at 310-392-7799 or careers@hourglasscosmetics.com.
Equal Opportunity / Affirmative Action Employer Minorities / Females / Protected Veterans / Persons with Disabilities.
Applicants and employees are protected from discrimination under Federal law. For more information, please see EEO is the Law
Salary : $115,000 - $120,000