Peter Soumas
New Business Development at Jamms Sourcing Resources- Claim this Profile
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Bio
Experience
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Jamms Sourcing Resources
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United States
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Retail Apparel and Fashion
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1 - 100 Employee
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New Business Development
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Sep 2006 - Present
We work on behalf of our customers as to where is the best place for our customers to buy goods from. We are constantly searching the world for new sources of production to provide the best possible service to our customers. We work on behalf of our customers as to where is the best place for our customers to buy goods from. We are constantly searching the world for new sources of production to provide the best possible service to our customers.
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Divisional VP- Product Development/Sourcing
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1996 - 2006
Sourced and produced company’s first down jacket production for women and men that became the largest part of company production. Manufactured METROPOLITAN VIEW outerwear program for Bloomingdales in first year, program continued for 4 years. Initiated direct sourcing division which sourced product for other manufacturers and importers in need of company product. First year sales in this division were $1M and it grew to $ 3M. Opened Nanjing, China branch office including hiring of office manager and QC team. Implemented an aggressive shift to import production for Children’s wear fake fur division thereby reducing costs by 30% and increasing capacity. Developed planning / logistics processes to reduce production lead time from 120 days to 75 days. Began Men’s Outerwear Division with first year volume of $1.2M increasing to 6M by 2007. Conducted market research and trend analysis; identified, developed, and marketed new products utilizing innovative color, print, fabric, and trim style direction. Presented product lines to merchandise managers, buyers, and stores Led product development; established program details and sourcing, and resolved production issues. Partnered with overseas team members and vendors to effectively achieve sourcing objectives. Restructured company’s U.S. distribution operations by closing company owned warehouse and moving distribution to well known Global Supply Chain specialist thereby reducing warehousing expense by $ 400K in the first tear of operations (a 35% savings) that has continued to provide a consistent increase in revenue and profit as well as improved distribution and inventory control efficiency. The move also allowed the company to distribute product on both the East Coast and West Coast allowing for reduced shipping costs and reduced shipping times to customers.
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Production Development/ Sourcing Development / Key Acoount Sales
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Jan 1986 - Dec 1995
• Spearheaded company sourcing and production, traveling to production core countries of Hong Kong, China, Taiwan Korea, Uruguay and Brazil for development of business. • Efficiently handled purchasing in Pacific Rim as well as creating of product line with design team. Met with key U.S retail customers in Hong Kong, 3 to 4 times per year, to introduce new styles to them as well as introducing the customers to the affiliate manufacturers that were part of our supply team,• Worked closely with inspectors in Hong Kong office to establish level of quality control essential for company enhancement
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Business and Supplier Development
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1979 - 1985
• Implemented company QC program for inspection of product at each stage of production• Developed new leather outerwear division for company with first year sales of $10M• Managed company outerwear production with 12 supplier/manufacturers.• Introduced company to new suppliers and product lines in China and Taiwan resulting in a 20% increase in first year sales• Weekly travel to China and Taiwan to suppliers, monthly travel to Korea.• Met with top US customers on annual visit to Hong Kong introducing them to new styles for coming season • Negotiated transportation rates for both Ocean and Air Carriers
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Education
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Boston University
Bachelor of Arts (B.A.), Political Science and Government -
Trinity School