Product sourcing and Market Research Expert

We are seeking a highly skilled and experienced Product Sourcing and Market Research Expert to join our team. As a key member of our organization, you will be responsible for identifying and sourcing high-quality products from various suppliers, conducting market research to inform our product strategy, and ensuring that we stay ahead of market trends.

Key responsibilities & duties

1. Product Sourcing:

Identify potential manufacturers, suppliers, wholesalers and establish relationships to source high-quality products.

Conduct thorough research to identify new product opportunities in line with business objectives.

Negotiate pricing, terms, and agreements with suppliers to ensure competitive advantage.

Continuously evaluate supplier performance to ensure consistent quality and timely delivery.

2. Market Research:

Conduct comprehensive market research to identify emerging trends, customer preferences, and competitive landscape.

Analyse market data, industry reports, and customer insights to inform product development decisions.

Monitor competitor activity including pricing strategies, marketing campaigns, and product offerings.

Provide recommendations on product positioning based on market analysis.

3. Supplier Management:

Collaborate with cross-functional teams such as logistics, procurement, and others to manage supplier relationships effectively.

Ensure compliance with ethical sourcing practices by conducting supplier audits when necessary.

Monitor supplier performance metrics such as lead times, quality control measures, and customer satisfaction.

4. Collaboration:

Collaborate closely with the marketing team to develop effective product launch strategies based on market insights.

Work closely with the product development team in identifying innovative products that align with consumer needs.

5. Company Policy: Ensure company policies and procedures are followed at all times.

6. Report: ensue Reporting of performance to the commercial manager as per the company reporting standards and policy.

A minimum of Bachelor's degree in supply chain management, Business management, or related field.

Proven experience in product sourcing or procurement roles within an ecommerce or retail environment is advantageous.

Strong knowledge of supply chain management principles including vendor evaluation techniques.

Proficient in conducting comprehensive market research using various tools (e.g., surveys, focus groups) to gather customer insights.

Excellent negotiation skills along with a strong ability to build relationships with suppliers.

Strong analytical skills combined with the ability to communicate complex data effectively.

Familiarity with ethical sourcing practices is preferred.

Self-motivated individual who can work independently while also being a collaborative team player.

4 Years experience. Work experience in e-commerce company is privileged.