Vice President, Sourcing & Product Development

Job Title:

Vice President, Sourcing & Product Development

About Bombas:

Bombas is a comfort focused apparel brand with a mission to help those in need. The company launched in 2013, after the founders learned that socks are the #1 most requested clothing item at homeless shelters. From there, they set out to solve that problem, donating a pair of socks for every pair they sell. How do you donate a lot of socks? You sell a lot. And how do you sell a lot? You make the most comfortable socks in the history of feet. Millions of pairs sold and donated later, Bombas is continuing to innovate with new socks and apparel while creating a positive impact on the community where we all work and live.

Click here to see what it's like to work inside the Bombas Hive!

At Bombas, comfort is heavily rooted in our DNA. While striving to provide comfort for all, we welcome and celebrate minds from all backgrounds regardless of age, color, ethnicity, gender or gender identity, genetics, physical or mental ability, protected veteran status, race, religion and sexual orientation. We highly encourage candidates of all backgrounds to apply. Come as you are and we’ll welcome you to the Hive.

Based on the specific needs and job requirements, this role will be working out of our Bombas HQ in New York City.

About the Job:

We are looking for a Vice President, Sourcing & Product Development to join our Product Team, reporting directly to our Chief Product Officer.  The ideal candidate has a minimum of 12-15 years of experience as a sourcing professional, a passion for product and product development, meticulous attention to detail, and a love for working alongside a creative team and with manufacturing partners. 

This role will oversee strategic planning for the years ahead and will also be responsible for diversification and risk mitigation through vendor diversifications (manufacturing and raw materials), geographic diversification, and continuous counter sourcing and improvement; all while monitoring costing and trying to improve costing through materials and manufacturing.

What you’ll be responsible for:

• Developing and executing a sourcing strategy that is aligned to business objectives
• Drive the management of product development and production from design concept through product delivery and position business for growth
• Build strong relationships with global partners (vendors and regional consultants)
• Assumes a key leadership role within the cross functional team
• Drive sourcing initiatives that enable speed, flexibility and agility to deliver profitable top-line growth
• Ensure vendors are aligned on best practices that support Bombas cost management, product quality and delivery requirements.
• Actively manage vendor relationships through performance management on quantitative and qualitative metrics
• Ensure quality, fit compliance, product performance and technical expertise is in place to support the business needs
• Develop and execute multiyear sourcing strategy, taking input and inspiration from diverse industries, global and macro climates and evolving technological landscape
• Network across industry boundaries to evaluate best practices and unlock competitive advantages in process and strategies
• Establish KPI goals to drive improvement
• Ensure vendor compliance and sourcing strategy are being implemented in a proper and ethical manner consistent with Bombas code of conduct
• Develop, document and standardize business processes across product development to production
• Work with cross functional team leaders to identify and prioritize key product strategy
• Identify best factories / countries to satisfy Bombas’ expectations in design, quality, cost, delivery, sustainability and innovation
• Diversify source and supply to minimize country risk
• Develop high performing team through acquisition and growth of best in class talent committed to a shared value system of integrity and collaboration
• Provide focus and inspiring leadership to the team relative to key strategy objectives and ensure performance objectives are met
• Conduct key research of competitors for countries of origin, pricing, timing, flow, raw material and new technology in an effort to continually improve efficiency, sustainability and innovate
• Meet GTM Calendar development and sourcing milestone from concept to in DC
• Ensure team members have clearly defined job descriptions and responsibilities

What we’ll love about you:

• A hands-on leader with broad functional expertise, ability to build organizational and functional capabilities to support growth
• Ability to synthesize issues and identify valid actionable conclusion
• Strong negotiation skills
• Relentless focus on process and efficiency improvement
• Strong analytical and financial skills
• Leadership capabilities to drive change and forward movement of business
• A change agent, forward thinker and a creative problem solver that thrives on challenges
• In depth knowledge of retail sourcing and production organization
• Eagerness to invest in others and the ability to give honest and direct feedback
• Access to an extensive network of contacts and relationship
• Belief in our mission and understand the importance of giving-back
• Inquisitive, love to learn, embrace failure, and never give up
• Comfortable working in an open office environment while staying focused
• A team player who is willing and happy to help
• Strong written and verbal communication
• Belief in our mission and understand the importance of giving-back
• Inquisitive, love to learn, embrace failure, and never give up
• Comfortable working in an open office environment while staying focused

What you’ll love about us:

• We are a team of smart, interesting, diverse, funny, and loving people.
• We offer competitive compensation, 100% paid health benefits, 401k with match, snacks, socks and a fun, relaxed office environment.
• We take the responsibility to make sure you are excited, happy, and find fulfillment in your work very seriously.
• We value fun. This is why we host office lunches, offsite team outings, and a bi-annual company retreat.
• We believe in giving back to the community and helping those in need, which is why we volunteer as a team regularly.
• We believe success comes from the collective effort of all, which is why all full-time employees receive equity in the business.
• We offer flexible paid time off for all full-time employees. This includes unlimited vacation, sick days, and wellness days because we understand the value of health, relaxation, spending time with friends and family, and traveling the world.
• We believe a healthy body equals a healthy mind, so we offer a $100 monthly health and wellness reimbursement.

Qualifications:

• The ideal candidate has 15+ years of experience and a minimum of 10 years at a leadership level
• Immeasurable attention to detail
• Bachelor's degree (preferred, not required)
• Extensive knowledge of global manufacturing/agent/export communities and their operations
• Extensive knowledge of yarns and fabric construction and how it relates to cost