Product Management and Sourcing Manager

2 weeks ago

Mississauga, Ontario, Canada Lawson Products Full time
Product Management and Sourcing Manager

Lawson Products is seeking a Product Management and Sourcing Manager to join our team. This role is responsible for defining and managing the nuances of the Canadian product offering, preparing business plans for product additions, and managing the lifecycle of this product offering.

Key Responsibilities:
  • Define and manage the nuances of the Canadian product offering.
  • Prepare business plans for product additions and manage the lifecycle of this product offering.
  • Define the sourcing strategy for our Canadian business with a goal of balancing cost, delivery, and customer satisfaction.
  • Work in conjunction with key Canadian business leaders and the Product Management and Purchasing teams.
  • Refine the product assortment to fit customer needs and company goals.
  • Conduct market research and analyze market data to identify opportunities and threats that could impact the product offering.
  • Implement pricing and branding strategies developed by upper management to optimize revenue, margin, and inventory.
  • Create and participate in promotional campaigns to increase product awareness and market share.
  • Review, maintain, and report on product categories.
  • Attend and participate in industry conferences, conventions, and trade shows.
  • Coordinate product management activities with multiple departments and branch personnel.
  • Work to ensure a stable and quality vendor base.
  • Negotiate with suppliers to ensure optimal product quality, cost, and delivery conditions.
  • Work in conjunction with sales personnel and customers to better understand market needs.
  • Prepare surveys and confer with management regarding marketing strategy.
Qualifications and Requirements:
  • Bachelor's degree in business, supply chain management, or a related field, plus 7 years of multi-functional supply chain, purchasing and/or product management experience in a distribution or manufacturing company, or an equivalent combination of education and experience.
  • APICS Certified (CPIM) or equivalent required.
  • Ability to develop an index-based costing methodology based on global indexes for material and production costs, labor, packaging, transportation, and monetary exchange rates for international sources.
  • Skills to effectively negotiate an index-based costing model with key suppliers to mitigate risk in rising markets and provide margin-improvement opportunities in downturn markets.
  • Ability to coordinate supplier agreements to ensure that the benefits of the sales side reflect the benefits of the buy side.
  • Strong analytical skills, with the ability to utilize data to solve issues or improve processes.
  • In-depth experience using ERP systems and the ability to synthesize large amounts of data creating management reports.
  • Ability to professionally present findings and recommendations to senior executives.
  • Ability to guide and influence all levels of the organization, including internal stakeholders and management.
  • Self-motivated and comfortable leading the decision-making process for cross-functional teams.
  • Proven track record of success in similar and related Supply Chain/Purchasing/Product Management roles.
  • Good business acumen with knowledge of Lean or 6-Sigma process improvement preferred.
  • Knowledge of fasteners, cutting tools, abrasives, electrical supplies, fluid power products and shop-type MRO items is helpful.
  • Excellent verbal and written communication skills.
  • PC literacy in MS Word, Excel, and PowerPoint preferred; SAP experience is a plus.

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