Analyst - Strategic Sourcing at T&CO - USA

Cumberland, Rhode Island, United States -

Full Time

Start Date

Immediate

Expiry Date

15 Jul, 26

Salary

0.0

Posted On

16 Apr, 26

Experience

2 year(s) or above

Remote Job

Yes

Telecommute

Yes

Sponsor Visa

Skills

Strategic sourcing, Supplier relationship management, Project management, Data analysis, RFP management, Cost reduction, Process improvement, Category management, MS Office, Excel, PowerBI, Statistical analysis, Risk management, Communication, Problem-solving, Team-building

Industry

Retail Luxury Goods and Jewelry

Description

The Strategic Sourcing Analyst plays a vital role in sourcing direct materials for Tiffany’s jewelry manufacturing. The Analyst supports supplier relationship management and supplier development, providing valuable insights and analysis. The 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 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 as 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 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) Tiffany & Co. is formed from many facets - talented people who make our community stronger with their creativity, perspective, and lived experience. Creating an inclusive workplace and workforce where everyone belongs is at the core of our values. We’re committed to creating a more inclusive jewelry industry that empowers people of all backgrounds to shine and evolve to new heights. We believe reaching your full potential requires a solid foundation, and your well-being is a central pillar. Eligible Tiffany employees are offered comprehensive benefits, including global benefits like adoption and surrogacy assistance, and parental leave, as well as programs that support mental, emotional, physical, and financial well-being. We also offer competitive pay, medical, dental, and vision insurance, 401(k) plans with company match, paid time off, alongside other meaningful employee offerings. The Company provides equal employment opportunities to all employees and candidates for employment without regard to age, race, religion, color, national or ethnic origin, alien or citizenship status, sex, marital status, sexual orientation, gender identity, gender expression, pregnancy, disability, or military/veteran status. Tiffany is committed to working with and providing reasonable accommodation to applicants with disabilities.

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Responsibilities

The Strategic Sourcing Analyst manages direct material sourcing, supplier relationships, and new product development processes to meet acquisition goals. They also lead RFP processes, conduct market analysis, and identify cost reduction opportunities to support category management strategies.