Strategic Sourcing Analyst-Senior

Strategic Sourcing Analyst-Senior The Strategic Sourcing Senior Analyst plays a vital role in sourcing direct materials for Tiffanys 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 Tiffanys material supply chain and supplier base, directly supporting managements 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 functions overall strategy and needs, ensure Sourcings 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 Bachelors 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 Masters 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)