Summary
Overview
Work History
Education
Skills
Certificationsandskills
Languages
Timeline
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Yuting Hu

Irvine,CA

Summary

Analytical Senior Buyer with 8 years of experience conducting in-depth research and negotiating pricing with vendors to purchase furniture products. Experienced in new product development and strategy sourcing, successfully launching items that generated millions in annual sales. Skilled in ensuring regulatory compliance and product quality, achieving significant cost reductions, and leading global sourcing initiatives. Demonstrated expertise in cross-functional collaboration, vendor management, and strategic sourcing, resulting in enhanced supply chain performance and resilience.

Overview

8
8
years of professional experience

Work History

Sr. Buyer - Sourcing Operation Analyst

Best Choice Products, Inc.
04.2019 - 07.2024
  • New Product development: Seeking new business opportunities by submitting new products to the category manager
  • Successfully launched multiple items including home furniture, outdoor furniture, and pet supplies
  • Regulatory Compliance and Product Quality: Ensured products met all regulatory and legal standards in various markets
  • Collaborated with cross-functional teams to integrate quality requirements into product design, manufacturing, and distribution
  • Design Assurance and Quality Enhancement: Ensured adherence to internal and external standards through mastery of design controls and risk management, resulting in improved product development processes
  • Bid Analysis and Supplier Relations: Improved pricing, quality, delivery, and service levels by conducting bid analyses and negotiating favorable terms
  • Cost Reduction and Risk Mitigation: Achieved substantial supply chain cost savings and risk mitigation by identifying alternative sourcing options for single-source materials
  • Global Sourcing Expertise: Delivered yearly savings by leading sourcing initiatives in international markets, specifically in the mattress category, which helped reduce annual purchase costs significantly
  • Strategic Sourcing Development: Spearheaded sourcing strategies to align with company goals, strategically onboarding multiple international vendors to reduce excess tariffs
  • Cross-Functional Collaboration: Provided strategic input on sourcing activities that reduced compliance risks and enhanced supply chain strategies through coordination with product developers
  • Vendor Management: Enhanced operational efficiency by managing end-to-end vendor relationships for numerous SKUs to improve supply chain performance
  • Conduct demand planning analysis: to predict future product needs, incorporating sales projections, market trends, and historical data, ensuring optimal stock levels and supply chain efficiency
  • Diversification and Growth: Strengthened supply chain resilience by diversifying vendor portfolios, expanding the product catalog.

Buyer - Operation Research Analyst

Best Choice Products, Inc.
03.2017 - 03.2019
  • Vendor Management: Successfully reduced deposit requirements from 20-30% to 0-10% for multiple vendors and extended payment terms, resulted in better company’s cash flow
  • Cross-Department Collaboration: Proactively addressed vendor compliance issues and coordinated with Sales, Product Quality, Development, Procurement, and Sourcing to optimize purchasing plans, enhancing overall vendor performance
  • Inventory and Operational Optimization: Achieved a 10% reduction in inventory costs by implementing real-time inventory management software and optimizing shipping schedules
  • Factory Audit and Inspection Coordination: Ensured timely order shipments and successful manufacturer onboarding by coordinating factory audits and inspections, resolving issues promptly
  • Collaborate with third-party logistics providers: to streamline shipping processes, reduce lead times, and improve supply chain efficiency.

Purchasing assistant

Best Choice Products, Inc.
06.2016 - 02.2017
  • Supplier Management: Implemented comprehensive supplier evaluation processes, ensuring product consistency and cost-effectiveness, leading to a cost reduction
  • Supply Chain Coordination: Optimized inventory levels and reduced lead times by 10% through effective procurement timeline management and the utilization of supply chain analytics
  • Coordinate logistics operations, including shipment planning, carrier selection, and tracking, to ensure timely and cost-effective delivery of goods
  • Manage inbound and outbound logistics by overseeing inventory control, warehousing, and transportation.

Education

Master of Business Administration – Supply Chain Management -

University of La Verne
03.2016

Bachelor's Degree - International Trade and Economics -

SIAS University of Zhengzhou University
07.2013

Skills

ERP System Knowledge

Supply Chain Optimization

Supplier Negotiations

Supplier Relationship Management

Certificationsandskills

Six Sigma Yellow Belt Certification, Microsoft Word, Excel, PowerPoint, Pivot Tables, VLookUps, Xlookups, ERP system - NetSuite, Data analysis, Supply Chain analytics, Inventory Control, Quality Control, Design assurance

Languages

Chinese (Mandarin)
Native or Bilingual

Timeline

Sr. Buyer - Sourcing Operation Analyst

Best Choice Products, Inc.
04.2019 - 07.2024

Buyer - Operation Research Analyst

Best Choice Products, Inc.
03.2017 - 03.2019

Purchasing assistant

Best Choice Products, Inc.
06.2016 - 02.2017

Master of Business Administration – Supply Chain Management -

University of La Verne

Bachelor's Degree - International Trade and Economics -

SIAS University of Zhengzhou University

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Yuting Hu