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EVP, Sourcing

Quince

Quince

United States · Remote
Posted on Wednesday, June 26, 2024
OUR STORY
Quince was started to challenge the existing idea that nice things should cost a lot. Our mission was simple: create an item of equal or greater quality than the leading luxury brands and sell them at a much lower price.
OUR VALUES
EVERYONE SHOULD BE ABLE TO AFFORD NICE THINGS. Quality shouldn’t be a luxury. We’re proud of our mission to bring the world’s highest quality goods to people at affordable prices.
QUALITY IS MORE THAN MATERIALS. True quality is a combination of premium materials and high production standards.
WE FOCUS ON THE ESSENTIALS. From the perfect crewneck sweater to hotel quality sheets, we're all about high quality essentials that bring enjoyment to daily life.
WE’RE INNOVATING TO MAKE UNREAL PRICES A REALITY. Our uniquely developed factory-direct model lets us offer exceptionally high quality goods for much lower prices than our competitors.
ALWAYS A BETTER DEAL. We believe in real price transparency, for both our customers and factory partners. This way, everyone gets a better deal.
FAIR FACTORIES. We are committed to working with factories that meet the global standards for workplace safety and wage fairness.
OUR TEAM AND SUCCESS
Quince is a retail and technology company co-founded by a team that has extensive experience in retail, technology and building early stage companies. You’ll work with a team of world-class talent from Stanford GSB, Wish.com, D.E. Shaw, Stitch Fix, Urban Outfitters, Wayfair, McKinsey, Nike etc.
THE IDEAL CANDIDATE
The ideal candidate is a self-starter, problem-solver and successful in combining technology and data into best-in-class outcomes. The candidate is energized by solving complex business problems and consistently effective in making high-judgment decisions at rapid pace amidst the frequent ambiguity that comes with charting a course of action with no precedent. Moreover, the ideal candidate is energized by an environment where strategy, innovation and decision-making are intentionally distributed, where candor, speed and data are highly valued and colleagues at all levels hold each other to unusually high standards on behalf of Quince customers.
THE IDEAL CANDIDATE
The EVP of Sourcing and Production will be responsible for building and nurturing deep partnerships with world-class manufacturers globally. This role is crucial for Quince’s ability to deliver high-quality products to our consumers. The ideal candidate will evolve our partner engagement model, increase the speed of onboarding new partners, and balance global supply chain risks. Additionally, the Director will drive manufacturing speed and scale our operating system through incentives, technology, and financial levers. This role would report directly to the CEO.
Note: This role can be based out of the US, Singapore, or Hong Kong.

RESPONSIBILITIES

  • Sourcing:
  • Build and nurture deep partnerships with world-class manufacturers globally
  • Evolve our partner engagement model to deepen relationships with existing partners, ensuring alignment of incentives across partners and Quince
  • Increase the speed of onboarding new partners, especially in new categories and new countries of origin (COO) where required
  • Evolve the supply base to better balance the benefit of scale in fewer locations with the risk mitigation benefit of multiple COOs
  • Production:
  • Build the fastest supply chain in retail by driving manufacturing speed.
  • Focus on reducing lead times and increasing the reliability of ex-factory delivery across raw materials, trims, and finished goods manufacturing
  • Leverage scale with mills to reduce lead times and increase responsiveness to finished goods demands
  • Utilize lean capabilities with partners to build a one-week manufacturing time and the ability to reserve capacity on a one-week cadence
  • Procurement:
  • Drive product cost reduction, without compromising quality or service
  • Creating targets: Leverage cleansheet methodology with an end-to-end supply chain view to understand the true cost of a product and set cost targets accordingly
  • Creating leverage: Create leverage within our supply base to achieve cost reductions while maintaining partnerships and delivering quality and service
  • Commodity pricing: Create a model for managing commodity fluctuations and mitigating impact on retail pricing and margin
  • Build a global team to make this capability a competitive advantage for Quince
  • Scale through Technology:
  • Deploy incentives, technology, and financial levers to scale our operating system
  • Evolve the infrastructure to support this operating model, including incentive and partner agreements, financial levers (trade financing, payment terms), and technology levers (vendor portal, factory floor integration, materials planning)
  • Work with the engineering team to leverage/build technology integrated into the Vendor Portal for managing KPIs and performance with partners

REQUIREMENTS

  • Bachelor’s degree in an analytical/quantitative field
  • Minimum of 15 years of senior leadership experience in sourcing, production, or supply chain management within an e-commerce or global trade environment
  • Proven track record of managing complex global supply chain operations and delivering measurable improvements
  • Strong leadership and team-building skills, with experience managing diverse and geographically dispersed teams, specifically with China and India
  • Experience with a wide range of product categories
  • Experience working with financial levers (e.g. trade financing, payment terms, export insurance) to drive performance
  • Proven track record of creating quality programs from strategy (incl. Analytics, incentives, processes) to influencing extended global supply chain to adopt
  • Excellent negotiation, vendor management, and strategic partnership skills
  • Proficiency in advanced supply chain software, ERP systems, and data analytics tools.
  • Exceptional analytical, problem-solving, and decision-making abilities
  • Superior communication and interpersonal skills, with the ability to engage and influence at all levels of the organization
  • Prior experience in a high-growth, fast-paced e-commerce & tech-driven logistics company
Quince seeks to build high-performing teams of people from various experiences and backgrounds who can collectively push our company into new realms. We seek a diverse pool of applicants and consider all qualified candidates regardless of race, ancestry, color, gender identity or expression, sexual orientation, religion, national origin, citizenship, disability, Veteran status, marital status, or any other protected status. If you have a special need or disability that requires accommodation, please let us know.
Security Advisory: Beware of Frauds
At Quince, we're dedicated to recruiting top talent who share our drive for innovation. To safeguard candidates, Quince emphasizes legitimate recruitment practices. Initial communication is primarily via official Quince email addresses and LinkedIn; beware of deviations. Personal data and sensitive information will not be solicited during the application phase. Interviews are conducted via phone, in person, or through the approved platforms Google Meets or Zoom—never via messaging apps or other calling services. Offers are merit-based, communicated verbally, and followed up in writing. If personal information is requested to initiate the hiring process, rest assured it will be through secure and protected means.