Sourcing Specialist (Bilingual in Vietnamese)

Sourcing SpecialistFSLA Status: Full-time/ExemptLocation: Newport Beach, CATravel: Up to 25% of domestic and international travelSalary Range: $70,000 - $80,000 USD annuallyBILINGUAL IN ENGLISH & VIETNAMESE REQUIREDAbout UsAt 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 RoleThe Sourcing 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 StructureThe Sourcing Specialist is a member of the Vendor Management Team and reports to the Director of Vendor Management & Global Sourcing. This position also partners with cross-functional team members across the organization.Essential Functions & Key ResponsibilitiesMaintain and build business relationships with vendors for benefits such as financial support, priority in manufacturing schedules, and overall commitment to building the best products.Work with Demand Planning, Sales, Product Quality, Product Development, Procurement, and 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 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 achieve 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 validate 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 ExperienceBilingual in English and Vietnamese required.Bachelor's degree required.2+ years of vendor management experience with factories supplying consumer goods required.Knowledge of purchasing principles, SCM and ERP applications proficiency, forecasting and demand planning procedures, and supplier relationship management strongly preferred.Expertise in Microsoft Office Suite required.Demonstrated ability to apply critical thought to develop, recommend and implement strategies.Strong understanding of supply chain management challenges in developing countries, as well as procurement process and delivery cycle.Strong project management, organizational, analytical, presentation, negotiation, and interpersonal skills.Strong ability to follow procedural guidelines and respond to and/or research vendors concerns/ inquiries with urgency and accuracy.Excellent verbal and written communications skills.Ability to manage deadlines and accurately process data under time limited restraints.Strong ability to exercise good judgment, initiative, and assertiveness.Benefits & PerksJoin us and experience a workplace where benefits and perks are designed with you in mind. Flex Fridays : Enjoy the flexibility of working from home and kick off your weekends early with half-day Fridays, all year long. Comprehensive Health Coverage : Inclusive medical, dental, vision, life, and supplemental insurance plans to keep you and your family healthy. Support When You Need It : Our Employee Assistance Program is here to provide confidential support for personal and work-related issues. Future-Forward Financials : Secure your future with our 401k plan, complete with up to a 3.5% company match. Time to Recharge : Enjoy vacation time, paid holidays, and sick days to rest and recharge. Fuel Your Day : Delight in a variety of snacks and drinks to keep you energized, including the occasional catered lunch. Exclusive Discounts : Take advantage of our generous employee discount on our products, plus occasional product giveaways and raffles. Play Hard : Unwind with our on-site arcade games and ping pong to connect with colleagues. Stay Fit : Access our onsite gym, fitness classes, or bicycles-for-borrow to keep your fitness goals on track. Celebrate Together : Join us for milestone and birthday celebrations, as well as happy hours, quarterly team bonding events, and our annual holiday party.The base salary range for this full-time position is $70,000-$80,000 USD annually. You will also be eligible to participate in BCP's benefits and bonus programs. Our salary ranges are determined by role, level, and location. Within the range, individual pay is determined by additional factors, including job-related skills and experience.