Job Description

Job Description

Job Description

At Monoprice, we exist to bring simplicity, fairness, & confidence to technology choices. With a proven business model that eliminates entire layers of markup within the supply chain, it allows us to sell premium products at a fraction of marketplace prices with comparable speed and service.

This position reports to the Director of Supply Chain and is responsible for overseeing and optimizing all aspects of our supply chain operations, with a particular focus on negotiation strategies and vendor relationships. You will collaborate with various internal teams, including procurement, logistics, manufacturing, and sales, to ensure the smooth and efficient flow of materials and products throughout the supply chain network. Your primary goal will be to enhance efficiency, reduce costs, and improve overall performance to meet customer demand and organizational objectives, while leveraging your negotiation skills to drive favorable outcomes in vendor contracts and agreements.

Essential Functions and Responsibilities

• Develop and implement strategic plans to optimize the supply chain operations and improve efficiency, with a focus on negotiation strategies and cost-saving initiatives.
• Oversee procurement activities, including vendor selection, negotiation, and contract management, ensuring favorable terms and conditions that align with organizational goals.
• Lead negotiations with suppliers and vendors to secure competitive pricing, favorable payment terms, and quality standards, while maintaining strong relationships and fostering collaboration.
• Manage inventory levels to ensure adequate stock availability while minimizing excess inventory and carrying costs, negotiating favorable inventory management practices with suppliers.
• Collaborate with manufacturing and production teams to forecast demand and plan production schedules accordingly, leveraging negotiation skills to optimize production efficiency and minimize lead times.
• Coordinate logistics activities, including transportation to ensure timely delivery of products to customers, negotiating favorable shipping terms and rates with logistics partners.
• Monitor key performance indicators (KPIs) and metrics to track supply chain performance and identify areas for improvement, leveraging negotiation skills to drive continuous improvement and cost reduction initiatives.
• Lead cross-functional teams to implement process improvement and best practices, utilizing negotiation skills to resolve conflicts and drive consensus among stakeholders.
• Manage relationships with suppliers and vendors to ensure compliance with quality standards, delivery schedules, and contractual agreements, resolving disputes and issues through effective negotiation and communications.
• Stay updated on industry trends, technologies, and best practices to drive continuous improvement and innovation in the supply chain, leveraging negotiation skills to capitalize on emerging opportunities and mitigate risks.

Education & Experience

1. Bachelor’s degree in Supply Chain Management, Logistics, Business Administration, or a related field. Master’s degree preferred.
2. Minimum of 5 years relevant experience in supply chain management or related roles, with a proven track record of success in negotiation and vendor management.
3. Strong leadership and management skills.
4. Strong negotiation and communication skills, with the ability to build and maintain relationships with internal and external stockholders.
5. Excellent analytical and problem-solving abilities, with a data-driven approach to decision- making.
6. Consumer Electronic buying experience a plus.
7. Imports, supply chain and sales allocation experience are preferred. Knowledge of international custom regulation and tariffs.

Other Skills and Abilities

• Ability to speak Chinese (Mandarin) preferred
• Experience with ERP/MRP systems
• Strong analytical and negotiation skills
• Ability to work within the cultural differences and being able to get the most from the supplier
• Ability to prioritize tasks, meet deadlines and work independently in a fast-paced environment. Able to work under pressure and effectively manage stress
• Advanced level of MS office, MS window, and computer knowledge

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