Product Development and Sourcing Specialist - Qosmedix

Title: Product Development and Sourcing Specialist - Qosmedix

Reports To: Dir. Of Global Sourcing

Position Summary:

The Sourcing Specialist is responsible for the sourcing and development of stock and custom products related to the cosmetic/beauty industry. The candidate must be a self-starter with the ability to multi-task and have excellent organizational and communication skills. This person must thrive in a fast-paced environment, be resourceful and solution-oriented. Creativity and thinking “outside of the box” are highly desired and encouraged. This position has high growth potential.

Full-time position located in Ronkonkoma, NY. Flexible work can be considered.

Responsibilities:

• Manage catalog and custom sourcing projects for all beauty-related products
• Research new product ideas, acquire samples and establish product specs, recommend selling prices, select and negotiate with suppliers, and obtain approval from the Product Development Review Council
• Work with suppliers to develop product specs to meet customers’ needs
• Conduct routine product reviews and product training sessions
• Prepare cost analyses for new products
• Present new ideas/opportunities to management
• Maintain product prices and implement the price change in the system for products under management
• Create, approve and maintain product information including specification data in the system (SharePoint, CRM, Great Plains)
• Search, assess and qualify, and onboard a new supplier with the established process
• Collect and review product checklists, SDS (Safety Data Sheets) and drawings from vendors for accuracy
• Assist Director of Global Sourcing with major bids and projects
• Assist Director of Global Sourcing with execution of the sourcing strategy and new vendor development plan
• Responsible for the new product development plan in the product categories assigned
• Complete the customer project and price quote in a timely manner
• Manage the product portfolio and make recommendations to management based on item performance
• Review prototypes and production samples for compliance of specifications
• Interface with Marketing, Purchasing, Finance, Logistics and Warehouse on initial product part purchase order requirements
• Answer product-related questions for various departments as needed
• Manage the performance of assigned suppliers
• Prepare quarterly sales report and analysis for review with management
• Create and maintain SOPs that are important for the function of the department
• Manage samples from suppliers in VST
• Attend trade shows and visit suppliers
• Travel: Up to 10%.

Education/Technical Certifications:

• Bachelor’s degree required; business-related degrees preferred.

Experience:

• Previous project management and/or sourcing experience is a plus
• Cosmetic/beauty industry knowledge preferred
• Cosmetic packaging experience is a plus
• 3 - 4 years of work experience in a related field

Skillsets:

• Excellent interpersonal and communication skills with internal teams and vendors
• Acumen of industrial trends and changes for new product creation
• Excellent cost analysis skills
• Strong project and time management skills
• Strong organizational and analytical skills
• Detail-oriented
• Excellent verbal and written communication skills
• Superior negotiation skills
• Sense of commodity and currency impacts on the product to manage supplier costs
• Strong computer skills (Word, Excel, PPT)