Strategic Sourcing Analyst-Senior

Description

The Strategic Sourcing Senior Analyst plays a vital role in sourcing direct materials for Tiffany’s jewelry manufacturing. The Senior Analyst supports supplier relationship management and supplier development, providing valuable insights and analysis. The Senior Analyst develops a deep expertise of Tiffany’s material supply chain and supplier base, directly supporting management’s overall supplier strategy and meeting the master acquisition plan.

Key Accountabilities

Sourcing

• Supports Make vs. Buy supplier selection activities based on detailed knowledge of supplier capabilities, performance history, and other relevant metrics

• Initiates the new product development process in coordination with divisional counterparts; manages and negotiates new product costs throughout the development process

• Communicates with divisional counterparts to meet function’s overall strategy and needs, ensure Sourcing’s ongoing value contribution

• Works with management to identify and pursue cost reduction and process improvement opportunities

• Helps to complete the execution of category management strategies and activities and of strategic sourcing process and approaches for assigned categories/sub-categories

• Partners with peers, manager, and director on all corporate social responsibility initiatives and goals

• Ad hoc projects as assigned

Metrics and Analysis

• Leads the Request for Proposal (RFP) process for category to continuously evaluate supply base and identify strengths and opportunities; analyzes results and makes recommendations

• Continuously supports the management of category benefits and other key performance metrics such as tracking against savings goals for the department, reporting on new product cost avoidance, etc.

• Conducts supplier market analysis, category analysis and category risk analysis

• Develops and maintains supplier scorecards Project Management

• Plans category strategies and plans and conducts sourcing projects by engaging stakeholders and the required cross-functional resources for smaller spend sub-categories

• Works with cross-functional project teams such as New Product Integration to achieve optimal timing for new product launches

• Other Ad hoc projects and duties assigned Compliance

• Ensures effective risk and compliance management

Leadership and Staff Development

• Through professional presence and behaviors, inspire trust and integrity. Influence staff members at all levels through coaching, team-building and relationship building with business partners

Required Qualifications

• Minimum of 3-5 years of relevant experience, including 1-2 years of project management experience

• Bachelor’s degree

• Advanced proficiency in MS Office, including Excel (e.g., pivot tables, advanced formulas) and PowerBI (e.g., data visualization, dashboard creation)

• Demonstrated analytical and statistical skills, including the ability to identify trends, anomalies, and potential risks within large datasets

• Proven ability to communicate complex subject matter in a clear, concise, and compelling manner, both verbally and in writing

• Exceptional organizational skills, attention to detail, and commitment to data accuracy

• Strong interpersonal skills and the ability to work effectively both independently and as part of a team

• Excellent problem-solving skills and the ability to manage priorities in a fast-paced, dynamic environment

Preferred Qualifications

• Master’s degree

• Industry knowledge in jewelry manufacturing, precious metals, or diamonds and gemstones

• Proficiency in a second language relevant to Tiffany & Co.'s global supply chain

• Professional qualification / certification from related professional body, (ISM – CPM / CPSM, APICS)