Sourcing Associate
Description
The Sourcing Associate, Global Sourcing develops and manages partnerships with best-in-class suppliers and internal stakeholders as they pertain to the sourcing and production of branded merchandise. In partnership with Sourcing Manager, Global Sourcing, s/he is responsible for executing Sourcing strategies across categories and/or departments. The Sourcing Associate will develop, collaborate, and produce results regarding product quality, time/cost efficiency and revenue growth. This person drives margin and improves efficiencies across all markets and distribution channels.
This position reports to Sourcing Manager, Global Sourcing, and provides support and assistance with operational and organization functions to develop and source merchandise under the strategic guidance of the Sourcing Manager within a given department and/or sub-category of product.
RESPONSIBILITIES:
Sourcing and Product Compliance
- Assist/Manage the merchandise sourcing & production of select product categories (Hardlines) for Funko in partnership with the Sourcing Manager
- Partner on vendor strategy, product costing/placement, manage vendor communication and production management related to designated product categories
- Responsible for ensuring products meet established standards for safety and quality including monitoring quarterly Product Review Requests with product integrity partners
Productivity and Process
- Track progress of production cycle against key milestone dates through daily maintenance of the Development Tracking Report (DTR)
- Contact vendors to follow-up and verify the accuracy of provided data, resolve routine issues and ensure vendor alignment with Funko processes and procedures
- Follow up with vendor communication regarding any outstanding deadlines
- Liaise with vendors and all 3rd party suppliers to ensure guidelines are followed to avoid late deliveries and charge backs due to non-compliance
- Ensure all products are shipped on time to support established launch dates
- Provide accurate shipment status information from factory to DC
- Maintain overall vendor capacity status reports with relation to forecasted demand and actual PO’s on hand
Collaboration and Communication
- Prepare standard any ad-hoc reports as requested (Time and Action Calendars, production timelines, status updates, etc.)
- Build strong collaborative relationships with internal and external partners
- Attend weekly cross-functional meetings and quarterly product line review meetings to understand key sourcing issues and action items
- Communicate production status to global and regional partners during weekly cross-functional meetings as required
QUALIFICATIONS AND SKILLS:
- 2-3+ years related experience preferably in specialty retail or consumer products
- Exposure to Sourcing & Production of multiple product categories
- Proven track record of effectively communicating with manufacturers
- Ability to manage multiple SKU’s and timelines in a fast-paced environment
- Ability to work collaboratively with multiple design and development partners, a team player
- Excellent written and verbal communication skills
- Ability and desire to be flexible, adapt to change and grow with organization
REQUIRED EDUCATION:
- Bachelor’s degree in Merchandising/Product Development/Design, Business or Supply Chain or 2-3+ years of related experience
Salary Information
The base salary range for this position in the selected city is $73,600-92,000 annually. Compensation may vary outside of this range depending on a number of factors, including a candidate’s qualifications, skills, competencies and experience, and location. Base pay is one part of the Total Package that is provided to compensate and recognize employees for their work, and this role may be eligible for additional discretionary bonuses/incentives, and restricted stock units.
This role requires 4 days onsite in our Burbank Office. What Funko Offers
Funko offers a competitive compensation package with full benefits and a 401(K) plan with matching contributions from the company. Most importantly, we offer a creative work environment with people who love pop culture just as much as you do. Can’t wait to gush about your latest binge? Neither can we! Looking for a place where your favorite pop culture t-shirt will receive the compliments it deserves? We know how you feel!
Funko is an equal opportunity employer. All qualified applicants will receive consideration for employment without regard to age, ancestry, color, family or medical care leave, gender identity or expression, genetic information, marital status, medical condition, national origin, physical or mental disability, political affiliation, protected veteran status, race, religion, sex (including pregnancy), sexual orientation, or any other characteristic protected by applicable laws, regulations and ordinances.
The above statements are intended to describe the general nature and level of work being performed by people assigned to this classification. They are not to be construed as an exhaustive list of all responsibilities, duties, and skills required of personnel so classified. All personnel may be required to perform duties outside of their normal responsibilities from time to time, as needed.