Product Development Management

XIAOHUA WANG (CHRIS WANG)

San Francisco Bay Area, CA

Phone: 510-***-**** Email:*****@*******.*** https://www.linkedin.com/in/chriswang1

PRODUCT DEVELOPMENT/ GLOBAL SOURCING/ PRODUCTION

Accomplished Textile Professional with proven track record of increasing profits and market share through savvy product management and cost reduction in analyzing competitive vendors, designing products vision and global sourcing strategies. Well-versed in all aspects of Product Development through Production including global sourcing, quality control, inventory/cost/supply chain management.

CORE COMPETENCIES

Product Development

Global Sourcing

Cost Reduction/Negotiation

Market Research

Process Improvement

Production Management

Inventory Management

Quality Audit-AQL 4.0 2.5

Bilingual-English/Mandarin

PROFESSIONAL EXPERIENCE

Standard Fiber LLC Burlingame, California Jan. 2013 to Oct. 2014

Director of Sourcing/Merchandising

The ownership of entire process from design inception through final production/delivery, ensuring the time line, margin are met company’s requirement. Directed the Product Development Teams both in US and Overseas on direction of development/design needs of our Customers resulting in higher rate of product development conversion/adoption and reduced the amount of development samples submitted to Customers, reported out the conversion report, cost report to senior management, the ownership of monitoring product development cost and maximize margin achievement. The responsibility for providing new trend, color and design through periodicals, store analysis, global vendor communication and trade shows with new innovation, techniques, and constructions to ensure customer/market are met or exceeded the expectation. Provided visibility to all cross functional departments for cost, delivery and escalating any problem during any supply chain process. Ability to lead and mentor the team on process improvement to bring/speed to the market with new or existing product. Excellent negotiation skill to meet or exceed company’s margin and create a win-win situation for the vendor as well as for the company.

Key Achievements:

Managed Market Analysis processes between Product Development and Technical Design that successfully lead to the introduction of new products which resulted in increased Sales volume by 60% from less than $10M in 2012 to $16M in 2013 and increased by 25% from $16M in 2013 to $20M as of today.

Identified new technology/innovation trend through trade show, market research, led overseas offices and product development team to develop new product to market, awarded orders for $430K.

Implemented and managed along with the Senior Team SOP to streamline product development, sourcing and costing processes that provided visibility and targeted cost to better support our Customer. This SOP involved our Domestic and International Offices/Teams as well our Customers.

JoAnn Fabrics & Crafts Stores Inc. Hudson, Ohio Aug.2011 to Sept.2012

Sr. Product Development & Sourcing Specialist

Collaborated with Merchandising, Overseas Agent/Vendors, Design and Product Development Teams, Managed the development, sourcing and production aspects of the creative manufacturing process. Sourced globally and developed products that achieve targeted costs, retails, GMROI, quality, and perceived value. In collaborating with the Merchant/Sales Teams, identified and interpreted trends/colors and directed the sourcing and development of key items and product assortments and developed goals for each item/assortment including target retail, GM, quantity, packaging, promotional and marketing opportunities and life cycle including the exit strategy.

Key Achievements:

Collaborated with Merchant/Design/Overseas agent cross functional teams to increase order placement rate from estimated 40% to 59%.

Established Customer/Vendor Relationship and worked to negotiate globally for best products. Consolidated vendor bases to increase productivity and minimize MOQ issues.

Managed the development of three major categories, Seasonal Home Décor, Kids Crafts and Ribbon with over 5,000 SKUs from development concept to order placement meeting the company’s targeted goal for IMU & on time delivery.

KEECO LLC Hayward, California May. 2010 to May, 2011

Product Development Manager

Worked with Senior Management Team on creating and developing new process from Design, Product Development, Production, Competitive Costing, and Quality Assurance in domestic and global offices, ensured correct sample and production on time delivery. Closely worked with customer and cross functional teams to capture new business opportunities to market. Identified Product Development and Costing/Production issues proactively and provided recommendations to prevent issue escalation, reduce costs and improve margins. Collaborated with supply chain management team on roll out and replenishments, raw materials, inventory control and transportation.

Key Achievements:

Proven track record of cost reduction by 22% and helped company to expand new business category to different customers.

Created and evaluated factory matrix to determine best vendors on each projects, continued to benchmark different vendors globally with consideration of quality, price and delivery to achieve company’s goal.

BIG BUDDHA INC. Santa Cruz, California Sept. 2009 to Feb. 2010

Company was sold to Steve Madden in Feb., 2010.

Director of Production

Oversaw production processes and all phases from costing through delivery. Developed a buying strategy to ensure pricing with vendors and suppliers met margin requirements. Managed production team to monitor product standards and implement quality-control programs. Managed global inventory required ensuring required materials were available for all production orders. Collaborated with Planning, Operations and Sales on forecasted needs and transiting SKU’s for upcoming seasons.

Key Achievements:

Increased company gross margin by 12-15% strategically sourcing and benchmarking cost from different vendors.

Implemented continuous improvement activities through implementation of change management process and best practices.

Reduced charge back by 15% through improving production procedures and order management.

E&E CO., LTD. (JLA HOME) Fremont, California Jan. 2006 to Oct. 2008

Product/Production Manager

Managed process development & production, time & action calendar ensuring product delivery from conception to final product to warehouse. Regularly communicated with overseas vendors ensuring seamless production shipping. Collaborated with supply chain management team on roll out and replenishment, raw material, inventory control and transportation.

Key Achievements:

Increased sales revenues by 66% within 1 year, annual sales revenue increased from $12M to $20M.

Accomplished first “all-door” order placement on blanket and throw category from Bed Bath & Beyond.

Strategically sourced and benchmarked cost from different vendors resulting in saving fabric cost of $80k.

VICTORIA CLASSICS New York, New York Jan. 2005 to Dec. 2005

Production Coordinator

Created product development time & action calendar, collaborated with design, merchandising and sales teams to approve strike off, lab dips, and samples. Followed up with overseas vendors ensuring product on time completion and quality.

Managed projects on two large accounts including Bed Bath & Beyond and JC Penney.

Negotiated with overseas vendors to achieve best costs, and following up with each phase of production, packaging and testing.

SHANGHAI HANSEN IMP. & EXP. CO., LTD, Shanghai, China July, 1993 to Jan. 2005

Senior Merchandiser

Identified market potential and developed products to meet customer requirements. Sourced to benchmark other vendors on cost, delivery and services. Prepared export documentation and ensured on time payment from customers.

Met targets on export revenues and profits annually.

Expanded customer base from US market to Europe, Australia and Japan.

Awarded The Excellence of Employee in Company for two consecutive years.

EDUCATION

Bachelor Degree Major in International Business Shanghai University 1993

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