Tiffany & Co.

Senior Analyst - Strategic Sourcing

Tiffany & Co. New York, NY
Tiffany & Co.

Senior Analyst - Strategic Sourcing

Tiffany & Co. New York, NY
1 week ago 54 applicants

See who Tiffany & Co. has hired for this role

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

  • Leads 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.
  • Researches and sources new suppliers for maximum cost, capability, and capacity optimization.
  • Works with team members to seek out 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.
  • Ad hoc projects as assigned.


Metrics and Analysis

  • Leads the Request for Information/Proposal (RFI/RFP) process to continuously evaluate supply base and identify additions/phase-outs, analyzes results, and makes recommendations.
  • Analyzes and shares consolidated summary of new product costs by collection with Merchandising team.
  • Creates analysis of supplier business spend and shares recommendations with manager to support business goals.
  • Proactively seeks out savings opportunities and conducts savings and cost avoidance analysis to achieve annual goals.
  • Creates up to date supplier market analysis, category analysis and category risk analysis.
  • Develops and maintains supplier scorecard and leads key business conversations with suppliers.
  • Performs ad hoc supplier risk monitoring.


Compliance

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


Project Management

  • Identifies, plans and leads sourcing projects that drive process or cost improvements by engaging stakeholders and the required cross-functional resources.
  • Leads other ad hoc projects as assigned.


Leadership and Staff Development

  • Through professional presence and behaviors, inspires trust and integrity. Influences staff members at all levels through coaching, teambuilding, and relationship building with business partners.


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

  • Minimum of 3-5 years of relevant experience
  • Bachelor’s degree
  • Demonstrated experience leading 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
  • Willing to work flexible hours to support deliverables and multiple priorities
  • Project management experience in a leadership capacity


Preferred Qualifications

  • Master’s degree
  • High-end jewelry manufacturing experience
  • Conversational communication skills in a second language
  • Professional qualification / certification from related professional body, (ISM – CPM / CPSM, APICS)


The hiring range for this position ranges from $95,000 - $110,000. The rate of pay offered will be dependent upon candidates’ relevant skills and experience.

  • Seniority level

    Associate

  • Employment type

    Full-time

  • Job function

    Purchasing and Supply Chain

  • Industries

    Retail Apparel and Fashion, Retail, and Retail Luxury Goods and Jewelry

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