Inventory, Sourcing, and Product Manager

About Us

Spencer's is a premier luxury spa group in the New York City area dedicated to providing top-tier wellness treatments in an elegant, design-forward setting. Our brand is synonymous with relaxation, exceptional service, and an unparalleled guest experience.

Position Overview

As we continue to grow, we are seeking a highly organized and proactive Inventory, Sourcing, and Product Manager to lead and execute new product launches, supplier strategies, and inventory management optimization.

Key Responsibilities

Product Management & Launch

• Lead the planning, development, and execution of new product launches from concept through market introduction.
• Coordinate cross-functional teams to ensure timelines, quality standards, and launch objectives are met.
• Monitor product documentation, specifications, and lifecycle management processes.

Sourcing & Supplier Strategy

• Develop and execute sourcing strategies that ensure product quality, cost efficiency, and reliable supply.
• Identify, evaluate, and negotiate with suppliers to secure favorable pricing and terms.
• Build and maintain strong supplier relationships to support long-term business objectives.
• Monitor supplier performance, lead times, and quality standards.

Inventory Management

• Oversee inventory planning and forecasting to maintain optimal stock levels while minimizing excess or obsolete inventory.
• Implement processes to improve inventory accuracy, turnover, and supply chain efficiency.
• Analyze inventory data and trends to inform purchasing and product planning decisions.
• Collaborate with operations and finance teams to align inventory strategies with demand and budget targets.

Operational Improvement

• Develop and refine systems, tools, and reporting to improve product sourcing and inventory management processes.
• Identify cost savings opportunities and operational efficiencies across the supply chain.
• Ensure compliance with company policies, quality standards, and applicable regulations.

Requirements & Qualifications

• 5+ years of experience in product management, sourcing, inventory management, or supply chain roles
• Strong analytical skills with experience using inventory or ERP systems
• Proven ability to manage supplier relationships and negotiate contracts
• Experience leading new product launches or product lifecycle management
• Excellent organizational, communication, and project management skills
• Ability to work independently in a fast-paced, evolving environment while maintaining attention to detail