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Sourcing Analyst
Tiffany & Co.
New York
Luxury Watches and Jewelry
Full time
Posted 3 weeks ago
Copied
Market: NY - New York
Industry Segment: Luxury Watches and Jewelry
Category: Data and Analytics
Seniority: Associate
Job Type: Full time

Marketplace Role

As a service to our candidates we present 1000’s of luxury industry roles as part of our Marketplace offering. For these jobs you will be forwarded to the brand to apply directly.

Job Description

Supports the Strategic Sourcing team to negotiate and manage product costs, source suppliers, and manage supplier relationships to meet Tiffany & Co.’s capacity and margin requirements. Provides input and analysis to support the development and onboarding of jewelry manufacturers.

Key Accountabilities

Sourcing

  • Supports Make vs. Buy supplier selection activities based on detailed knowledge of supplier capabilities, performance history, etc.
  • Negotiates and manages product costs throughout development and full lifecycle for domestic supplier base across all product categories.
  • Works with team members to seek cost reduction and process improvement opportunities – engages suppliers in the process.
  • Manages supplier relationship and coordinates with cross-functional teams on quality, payment, development, and logistical topics.
  • Maintains capability matrix and knowledge of supplier base.
  • Sends new supplier RFIs/RFPs and supports onboarding of new suppliers in accordance with business needs.
  • Ad hoc projects as assigned.

Metrics and Analysis

  • Conducts savings and cost avoidance analysis to achieve annual savings goals.
  • Develops and maintains supplier scorecard and one pagers.
  • Creates analysis of supplier business spend and shares recommendations with manager to support business goals.
  • Analyzes and shares consolidated summary of new product costs by collection with Merchandising team.
  • Performs ad hoc supplier risk monitoring.

Compliance

  • Supports metal and diamond traceability initiatives in collaboration with Responsible Sourcing and Sustainability teams.

Project Management

  • Plans supply strategies and plans and conducts sourcing projects by engaging stakeholders and the required cross-functional resources.
  • Other Ad hoc projects and duties as assigned.

Safety

  • Demonstrate safety leadership by adherence to workplace safety policies and procedures. Recognize and positively reinforce good safety behaviors while delivering immediate, specific and constructive feedback to employees who demonstrate unsafe work behavior.

Required Qualifications

  • Bachelor’s degree
  • Demonstrated experience in conducting category management or strategic sourcing initiatives
  • Advanced MS Office computer skills – specifically Excel and Access
  • Strong organizational, verbal communication, writing and negotiation skills
  • Problem-solving and analytics skills, strong work ethic
  • Ability to be flexible and adapt to changing priorities
  • Project management experience

Preferred Qualifications

  • 1-2 years of relevant experience
  • Master’s degree

About Tiffany & Co.

In 1837 Charles Lewis Tiffany founded his company in New York City where his store was soon acclaimed as the palace of jewels for its exceptional gemstones. Since then TIFFANY & CO. has become synonymous with elegance, innovative design, fine craftsmanship and creative excellence. During the 20th century fame thrived worldwide with store network expansion and continuous cultural relevance, as exemplified by Truman Capote’s Breakfast at Tiffany’s and the film starring Audrey Hepburn.

Today, with more than 13,000 employees, TIFFANY & CO. and its subsidiaries design, manufacture and market jewelry, watches and luxury accessories – including more than 5,000 skilled artisans who cut diamonds and craft jewelry in the Company’s workshops, realizing its commitment to superlative quality.

The Company operates more than 300 TIFFANY & CO. retail stores worldwide as part of its omni-channel approach. To learn more about TIFFANY & CO. as well as its commitment to sustainability, please visit tiffany.com.

Sourcing Analyst
Tiffany & Co.
New York
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Sourcing Analyst
Tiffany & Co.
New York

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