Susan E. Smith
***** ***** ***** . ********, ** *1354 . H 661-***-**** . C (805) 302-
5555
. email: ***********@*****.*** . LinkedIn (URL):
http://www.linkedin.com/pub/susan-smith/8/159/b44/
A highly qualified Product Development & Sourcing professional.
. Over 15 years of Global Sourcing experience. .
Expert in Product Development bringing quality & margin.
. Ability to manage product through the entire life cycle. . Adept at
process improvement and productivity.
. Proficient in Supply Chain Management. . Experience with
Import/Domestic Suppliers.
. Outstanding leadership and communication skills.
Professional Experience:
Harbor Freight Tools, Calabasas, CA
October 2013 - PRESENT
Category Product Manager
Responsible for the marketing, pricing analysis and strategic development
of outdoor, security, electrical, household and other accessories for a
hardware retailer that operates a chain of 500+ retail stores, mail-order
catalog and eCommerce in 46 states with sales of over $2.5B in 2013.
. Establish strategic marketing plans to achieve corporate objectives
for consumer products in the hardware industry to drive average basket
and increase sales per square foot in stores.
. Emphasis on deep dive analysis on pricing strategies and the
monitoring of financial, technological and demographic factors to
capitalize on market opportunities and minimize effects of competitive
activity
. Leverage data analytics to drive product, go-to-market, and
monetization strategy insights by product positioning and pricing
strategy
. Oversee and evaluate market research and adjusts marketing strategy to
meet changing markets and competitive conditions
. Lead organization as overall business owner for assigned product lines
with Executive level visibility
. Develop product roadmaps and business plans by prioritizing product
requirements, features and functionality.
. Ensures effective control of marketing results, and takes corrective
action to guarantee that achievement of marketing objectives falls
within designated budgets.
. Provide product management activities that stimulate the development
and introduction of new products utilizing new and/or emerging
technologies providing strategic and competitive advantage.
. Execute defined business plans, including strong and detailed
promotional programs. Maximizing GP $ and improving profitability of
programs
. Collaborate across a cross functional team to maximize sales and
profit for assigned business unit
. Inventory collaboration for sales planning, forecasting and
allocations of products properly
Guitar Center Inc., Westlake Village, CA
June 2010 - September 2013
Product Manager- Bags, Cases and Accessories
Responsible for the development and sourcing of bags, cases, straps and
other accessories for musical instruments for the world's largest music
retailer. $2.1 Billion in 2013 sales from 251 stores and (4) online
channels of distribution.
. Strong negotiator responsible for a product category of $31 Million in
sales for 2013 with an average 64.5% GPM across
500+ SKU's.
. Maintained a sales increase of 9% comp store and over 14% overall
during my tenure.
. Successfully launched a secondary sourcing procurement for highest
velocity SKU's providing an additional gross margin impact of over
$500K.
. Co-chaired design role for Tradestone lifecycle management system $1
Million software upgrade and integration (300+ hours)
. Evaluate category line performance to identify opportunities for
increased consumer engagement, sales and profitability by
collaborating with the merchant team for the development of product
assortments based on goals including target retail, GM, for the entire
life cycle and exit strategy of products.
. Strategic deep dive analysis of product categories and the
understanding of Retail Merchandizing, support and operations.
. Steer concept-to-distribution process, working in concert with
creative, sourcing, legal, licensing and global manufacturing and
distribution partnerships to bring product to market.
. Collaborate with internal departments to improve forecasting,
inventory management, and other business processes based on best
practices.
. Manage the overall quality, cost, schedule and development of projects
and brands in scope of responsibility.
. Strong comprehension of raw material costing for product development
and negotiation purposes as well as an understanding of the overseas
markets.
. Implemented social compliance and quality audits with International
suppliers.
. Work with Asian partners to bring concepts to life in a cost-
effective, quality-centric and consumer-focused manner.
. Travel extensively to conduct negotiations with manufacturers in China
and Vietnam and overseas trade shows.
. Employee Service Award for 2012 and nominated again in 2013.
Susan E. Smith
Page 2
Furi Brands Inc. division of Ultra Pro, Los Angeles, CA
November 2009 - June 2010
Director of Product Development - Rachael Ray Cutlery
. Category Director responsible for sourcing and development of all
RACHAEL RAY and INGRID HOFFMANN kitchen gadgets and cutlery products.
. Drive the overall project and technical design development efforts for
product lines.
. Partner with US based marketing, research and engineering teams to
create innovative, robust, user-oriented and consumer-centric new
products.
. Manage external design, research and technology groups, as well as
internal Far East support teams.
. Interpret field research to gain an understanding of target
user/consumer lifestyle and address consumer needs and preferences;
leverage existing solutions and available technologies in product
development.
. Responsible for all aspects of vendor management, making dramatic
sourcing changes from Trading Companies to direct to factory which had
a 20% decrease in product costs..
. Devise merchandising & planogram schemes as part of an overall
solution proposal to National Chain retailers.
. Create Product Launch Kits as support & guideline to Sales Department.
Identify appropriate Marketing Communication strategies to retailers
& consumers.
. Liaise and negotiate with vendors on targeted costs, entitlement,
quality control, shipping and perceived value.
. Maintain currency in new technology and design methods and mentor
others to seek opportunities to develop their skill base.
Creativity Inc., Van Nuys, CA
August 2004 - November 2009
Director of Product Development - Home D cor, Toys & Crafts
. Category Director responsible for sourcing and development of on-trend
product with annual sales of $150m.
. Extensive experience throughout the product sales lifecycle, from
initial planning and design through in-store placement, advertising,
and sales analysis.
. Conceptualized and developed promotional and inline plan-o-gram
strategies, which were directly responsible for sales volume increases
of over 16% in 2007 and 11% in 2008 by increasing product placement in
key accounts (i.e. Wal-Mart, Target, JoAnns and MSI).
. Regularly achieved the highest brand placement in product categories
within department.
. Analyze product centric business process flows and system
functionality for performance improvements, improved short and long
term strategies and cost reductions resulting in 2% margin improvement
vs. LY. ($2m in 2008).
. Evaluate current and new vendors to correctly align with suppliers
resulting in operational improvements, increased speed to market by
15%.
. Advanced analytical skills that include make-vs- buy analysis, value
analysis and trend identification.
. Strategic thinker with proficient presentation oral and written
communication skills.
. Extensive international travel to source new vendors, evaluate factory
capabilities and attend international trade shows.
Kristall Classics, Inc. Los Angeles, CA
September 2002 - August 2004
Director of Merchandising & Sales
. Designed, branded and launched the "Paula Abdul Innergy" fine jewelry
line in June 2004.
. Responsible for the product direction and execution in accordance with
branding initiatives and brand image, gross margin requirements and
key account needs. (Sam's Club, JC Penney)
. Executed and managed vendor selection, negotiated costs and terms
resulting in sales volume increase of $6.5m to $25.5m.
. Developed in-store POP collateral, created plan-o-grams and schematics
for all accounts.
. Planned and executed new designs from concept to completion, managing
the process with designers, model makers, contractors and factories,
domestic and international.
. Responsible for over 3000 active styles buying raw and finished good
product from domestic and import suppliers.
. Responsible for vendor selection, negotiation and establishment of
terms.
. Manage all merchandise collateral to ensure accuracy of pricing,
description and product code.
. Conduct industry, competitive and customer research to identify and
target focused market merchandising opportunities.
. Analyze and recommend new business plans for achieving sales
objectives and goals.
Susan E. Smith
Page 3
Nova/MWI, Van Nuys, CA
January 1995 - September 2002
Marketing & Merchandise Manager
* Created marketing programs, product launches and promotional campaigns
for fine jewelry programs for Zales Jewelers, Kay Jewelers and
Helzberg Jewelers. Annual volume: $15m
* Designed and managed product assortments, pricing and the margin
execution.
* Manage and mentor the merchandising, design and product coordinator
staff to develop strength and foster growth.
* Established special event "Designer Trunk Shows" utilizing excess
inventory that resulted in additional sales of $1.8m.
* Partner and communicate with senior management on key initiatives,
issues and opportunities on a regular basis.
* Managed calendar deadlines between cross-functional partners:
merchandising, product coordinators, design and sourcing to execute
"speed to market" key corporate initiatives.
* Defined target markets, performed competitive analysis, set pricing
and implemented marketing strategy.
* Execute and manage contractual obligations with suppliers.
* Designed, sourced and oversaw all overseas production for all jewelry
product.
* Established and maintained inventory levels for 5,000 sku styles.
Education:
Bachelor of Science in Business Administration
Emphasis in Marketing
National University, San Diego, California 1990
Computer Skills:
MS Office (Excel, Word, Power Point, Outlook)
JDA, AS400 CMS, CRAFTnet,
Smart Forecast and MRP applications
Retail Link
Tradestone