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Provide actionable insights on diamond market trends and pricing to guide procurement and merchandising strategies. Lead strategic sourcing initiatives and optimize vendor relationships to ensure cost-effective and high-quality supply of Finished Diamonds.
RESPONSIBILITIES :
Strategic Sourcing & Procurement
Develop and execute sourcing strategies for diamonds and related commodities.
Lead vendor selection, negotiation, and contract management to ensure quality, cost-efficiency, and ethical sourcing
Supply Chain & Inventory Management
Oversee supply and demand planning for the diamond category.
Monitor inventory levels and align procurement with manufacturing and retail needs.
Compliance & Ethical Standards
Ensure adherence to international sourcing regulations (e.g., Kimberley Process).
Implement and monitor compliance frameworks across the supply chain.
Vendor Relationship Management
Maintain and strengthen relationships with key suppliers and partners.
Conduct performance reviews and manage corrective actions when needed.
Diamond Pricing & Market Trends
Track global diamond pricing benchmarks and market trends to inform procurement strategy.
Analyze historical and real-time data to anticipate price fluctuations and supply chain risks.
Provide insights and recommendations to internal stakeholders on timing, volume, and sourcing regions to optimize cost and value.
Vertical Integration Support
Collaborate on initiatives to streamline Signet’s vertical integration efforts.
Coordinate assembly, service, and repair functions with sourcing operations.
Financial & Process Modeling
Provide financial modeling to support sourcing decisions and cost optimization.
Map and improve sourcing processes for efficiency and transparency.
POSITION QUALIFICATIONS :
Education : Bachelor’s degree in Business, Supply Chain, or related field; MBA preferred.
Experience : 8+ years in strategic sourcing, commodity management, or luxury goods procurement.
Certifications : CPM, CPSM, or APICS certifications are advantageous