Promo Store & Sourcing Lead (In-Office)

Rate; Chicago (IL); On-site; USD 75,000 - 80,000; Full time

Benefits offered by this job

401(k) plan

Vacation benefits

Medical/dental/vision benefits

Flexible spending accounts

Life insurance

Commuter benefits

Job summary

Rate, a Chicago-based company, is seeking a Senior Manager, Corporate Promo Store & Strategic Sourcing to own and optimize the internal Promo Store as a profitable business unit. You will apply data-driven methods to costs, margins, inventory and merchandising, and lead cross-functional collaboration with manufacturers and suppliers.

In this hands-on role you’ll manage product costing, landed costs, vendor negotiations and inventory turns, driving cost savings and stronger financial performance.

Qualifications

• 5+ years of experience in strategic sourcing, procurement, merchandising, or related field.
• Demonstrated experience working with manufacturers, factories and suppliers.
• Strong understanding of product costing, gross margins, purchasing and inventory management.

Responsibilities

• Own the Corporate Promo Store end-to-end with accountability for profitability, margins, inventory performance and cost control.
• Identify and develop relationships with direct manufacturers, factories and strategic suppliers domestically and internationally.
• Negotiate product costs, MOQs, payment terms, production timelines and other commercial terms.
• Continuously benchmark vendor and factory pricing to reduce costs and improve margins.
• Manage product costing and visibility into landed costs and profitability by SKU and category.
• Oversee purchasing and ensure buying decisions are data-driven by sales, inventory and demand data.
• Develop and maintain Sold vs. Sitting analysis to identify best sellers and aging inventory.
• Improve inventory turns and purchasing discipline to avoid excess stock.

Skills

Strategic Sourcing

Vendor Negotiation

Inventory Management

Cost Reduction

Financial Acumen

Cross-functional Leadership

Tools

ERP Systems

Excel

Job description

Rate, a Chicago-based company, is seeking a Senior Manager, Corporate Promo Store & Strategic Sourcing to own and optimize the internal Promo Store as a profitable business unit. You will apply data-driven methods to costs, margins, inventory and merchandising, and lead cross-functional collaboration with manufacturers and suppliers.

In this hands-on role you’ll manage product costing, landed costs, vendor negotiations and inventory turns, driving cost savings and stronger financial performance.