Develop and implement sourcing strategies for Fine Jewelry, Bridal and other jewelry components to support business objectives.
Work directly with Merchant teams to understand trends and new product strategy to ensure vendors are bringing potent product to the market.
Identify and evaluate new suppliers globally to ensure competitive pricing, quality, speed to market and strong partnerships.
Monitor market trends, commodity pricing, and industry innovations to drive cost savings and strategic advantages.
Optimize vendor selection, contract negotiation, and supplier performance management.
Supplier & Vendor Management:
Establish and maintain strong relationships with key suppliers, manufacturers, and trading partners.
Negotiate pricing, terms, and contracts to achieve the best value while maintaining quality and lead time standards.
Collaborate with cross-functional teams (procurement, design, production, merchandising) to align sourcing with business needs.
Cost & Risk Management:
Analyze and manage sourcing costs, including price fluctuations in gold, diamonds, and gemstones.
Develop contingency plans to ensure supply chain resilience.
Operational & Process Improvement:
Improve speed to market on vendor items by developing processes to enhance efficiency, reduce lead times, and ensure quality standards are met.
Leverage data analytics and supplier performance metrics to optimize sourcing decisions.
Collaborate with internal teams to develop new standards when onboarding new vendors and products.
Qualifications:
Basic Qualifications:
Bachelor’s degree in Supply Chain Management, Business, or a related field or 7+ years of experience in strategic sourcing, procurement, or supply chain management.
Strong knowledge of precious metals, diamonds, colored gemstones, and jewelry manufacturing processes.
Expertise in negotiation, contract management, and supplier relationship management.
Familiarity with ethical sourcing standards and sustainability initiatives in the jewelry sector.
Proficiency in ERP systems, procurement software, and data analytics tools.
Strong analytical, problem-solving, and decision-making skills.
Excellent communication, leadership, and stakeholder management abilities.
Preferred Qualifications:
Experience in strategic sourcing, procurement, or supply chain management in the jewelry industry
