Sourcing, Pricing & Product Development Manager

Job Description

Title: Sourcing, Pricing & Product Development Manager

Company Name: STANLEY AND STELLA SA BANGLADESH LIAISON OFFICE

Vacancy: 1

Age: 30 to 50 years

Job Location: Anywhere in Bangladesh

Salary: Negotiable

Experience:

• 5 to 10 years
• The applicants should have experience in the following business area(s): Textile

Published: 2024-08-10

Application Deadline: 2024-09-08

Education:

• Bachelor/Honors
• Masters

Requirements:

• 5 to 10 years
• The applicants should have experience in the following business area(s): Textile

Skills Required: Cross Functional Collaboration,Fluent in English Speaking,Good influencing skill,Leadership,Product Development,Product Pricing,Sourcing,Strategic Decision Making,Strong Business Acumen

Additional Requirements:

• Age 30 to 50 years

• Leadership, Influencing skills·                 
• Maturity, Business acumen, Problem-solving ·        
• Strong ability to build and maintain relationships with suppliers, vendors, and internal teams·        
• Ability to work well with cross-functional teams and collaborate to achieve common goals·        
• Ability to prioritize tasks and manage time effectively to meet deadlines·        
• Willingness to consider new ideas and approaches to sourcing and pricing maintaining honesty and transparency in all dealings with suppliers and stakeholders·        
• Ability to mentor and guide team members to enhance their skills and performance with at least 5 years of experience in managing a team of 7·        
• Comprehensive knowledge of sustainable sourcing and manufacturing practices, including certifications and standards·                 
• High Profile communication, Strategic thinking, Analytical skills·                 
• Strong Excel acumen and all Microsoft applications (PPT…)·                 
• Helicopter & detailed view/knowledge at the same time·                 
• Genuine, Integer, Honest·        
• Graduate/ Masters. Educational Background in Textile Technology will be an added advantage for the positions.·                 
• Apparel expertise (factory experience is a plus) on different product types and global exposure.·                 
• Fluent English & Bangali·                 
• Exposure to Quality Assurance is a plus.  

Responsibilities & Context:

Job Purpose/Mission:

You will play a pivotal role in supporting the Country Manager and ensuring the smooth sourcing operation and strategic growth of the Bangladesh Liaison Office (BLO). As an integral member of the management team, you will spearhead initiatives in pricing, sourcing, and product development, working closely without European headquarters to align with the company’s strategic goals. This role requires strong leadership, negotiation, and strategic planning skills to ensure the BLO meets its objectives and maintains high standards of quality and sustainability in its operations.

LEADERSHIP·        

• Backing up the BLO Country Manager in his absence (“second in command”)·        

• Functional management/influencing of BLO team members (direct/non-direct report)·                 

• Follow up on requirements from Country Manager (BLO) and Head of Operations (HQ)·        

• Team management for pricing, sourcing, and product development. 

PRICING & PRODUCT DEVELOPMENT:·                 

• Pricing negotiation with suppliers (garment factories, materials suppliers, any vendors)·        

• Detailed costing (in OCS) with all details, including SMV calculation and cost per minute.·        

• Managing the pricing database (cleaning & process mgt. / each price actionable)·                 

• Develop Pricing negotiation strategy and roadmap. Analyzing pricing data, market trends, and supplier performance to make informed decisions while ensuring that all pricing and sourcing details are accurate and consistent aligning with company goals·                 

• Lead Product development at BLO aligning with ST/ST pricing policy·        

• Develop time and action plans for all launch orders/projects and ensure on-time delivery 

SOURCING:·                 

• Sourcing new garment suppliers in Bangladesh, Asia, and Africa, for different product types, following Stanley Stella’s DNA, changing market conditions, and selection criteria in terms of Sustainability, Quality, Lead Time, MOQ, Price competitiveness, Capacity, and ERP integration, etc… (list not exhaustive)·                 

• Benchmarking product purchase price and other KPIs to find the best supplier.·                 

• Sourcing new raw material or accessories suppliers (special yarn/fabrics/trims/Bags/Headwear…)·                 

• Preparing supplier KPI scorecard on Sourcing and Merchandising skills.·        

• SWOT analysis on new suppliers for integration assessment.·        

• Follow the Approval Process for new supplier integration.·        

• Traveling to the factories regularly to have the best knowledge of the suppliers’ capabilities and best judge the integration of new suppliers.·        

• Ensure new supplier signature of all contractual documents (contract, COC, QIM, TIM…)·                 

• Ensure Quality Assurance and Quality Control processes for new suppliers outside of BD (together with BLO and HQ quality teams).·        

• Providing guidance on Tech pack updates (to the Product Development teams) to ensure any supplier would understand the Product without having the samples in hand.·        

• Trace & Map the whole supply chain from ginning mills to garment factories.         

Job Other Benifits:

• T/A,Mobile bill,Tour allowance,Medical allowance,Weekly 2 holidays,Insurance,Gratuity
• Lunch Facilities: Full Subsidize
• Salary Review: Yearly
• Festival Bonus: 2

• Employee`s salary TAX pays by Company·

• Team Event i.e., picnic (annually)·

• Gift for Newborn baby·

• Gift for Employee`s wedding·

• Token of Condolence for death of parents and grandparents·

• Afternoon snacks (Fruits)

• Leave - as per local rules.

• Leave encashment

• Weekly Holiday - 2 days

• Office Hours - 9.00 am to 6.00 pm. If business requirements need to be more.

Employment Status: Full Time

Job Work Place: Work at office

Company Information:

Gender: Male and Female can apply

Read Before Apply: Please apply only who are fulfilling all the requirements of this job

Category: Production/Operation