Purchasing Management Specialist – Home & Beauty (Bilingual Chinese)

Job Type: Location Type: On-site

 

Job Description
About Yami:Founded in 2013, Yami’s mission is to bring the world closer for everyone to experience and enjoy. We make it easy to discover exciting flavors and trending products from Asia. Named Inc. Magazine’s fastest growing start-up on the “Inc. 500 List.”, we’re committed to connecting people with authentic food, beauty, home, and wellness experiences through our e-commerce platform, iOS, and Android apps.

Benefits & Compensation:

• 401(k) matching

• Health insurance

• Vision insurance

• Paid time off (PTO): vacation, sick, and holidays

• On-site gym
• $60-80K

• Employee discount

• Coffee and snacks

Job Summary:The Purchasing Specialist who is responsible for planning, sourcing, and purchasing all products within his/her category; will have end-to-end ownership of a category of our products.

Daily functions include sourcing new vendors, building and managing vendor relations, negotiating costs and terms, maintaining existing product lines, and setting up new product lines respectively.

They will also interact with our marketing and promotion teams to come up with pricing and selling plans and make decisions on how to scale and expand our customer base and drive GMV growth and margins.

The goal of our merchandising team is to drive GMV and customer growth while maintaining healthy margins. This position will require bilingual skills in order to communicate and negotiate with both domestic and international vendors.

Job Responsibilities:Sourcing & Procurements

• Generate purchase orders, follow up with PO’s, confirm status and ensure delivery on a daily basis

• Source and develop new vendors, craft negotiation strategies and terms on price, payment and lead time and close deals with optimal terms

• Source and develop new products in Asian foods/grocery segments based on various factors such as customer demands, price, quality, availability, market trends, and team budgets

Strategy & Analytics

• Develop, lead, optimize, and execute category sourcing and purchasing strategies

• Use data and multiple dimension metrics to improve KPIs for inventory level, inventory allocation, turnover and cash flow

• Forecast price, analyze customer buying patterns and market trends to identify and optimize product assortment, pricing as well as changes of balance in buyer-supplier power

• Customer-driven, ability to reflect business from the customer side, and increase customer experience through everyday work

• Effectively communicate results of KPIs & root cause analysis with management team and lead corrective action implementation in areas where performance is not meeting expectations

Vendor Relationship

• Manage and maintain good vendor relationships and performance by deploying a standard set of metrics to improve vendors’ performance including fill rate, lead time, OSHA requirements etc.

• Ability to maintain perspective and confidence in face of difficult price negotiations, exceptionally tight deadlines, and expectations

• Partner with cross functional teams on platform promotions, marketing allocation, mark-downs, payments terms and other special requests

• Other Job tasks as assigned

Qualifications & Requirements:

• Bachelor’s Degree

• 1+ years of purchasing and or vendor management experience in retail or related industries

• Demonstrated enthusiasm for foods/Beauty/Home products and understanding of respective customers

• Excellent negotiation and persuasion skills in English, Chinese is required, Japanese/Korean is a plus

• Analytical thinker with a positive attitude and flexibility to accommodate evolving business needs

• Excellent attention to detail, self-starter with the ability to learn, grow and adapt quickly

• Decision-Making: Must be able to assimilate the information gathered by yourself and others (internal & external) to make sound and timely decisions