Tiffany & Co. Analyst - Strategic Sourcing

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)