Analyst - Strategic Sourcing

Tiffany & Co•Cumberland, RI

About The Position

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.

Requirements

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

Nice To Haves

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)

Responsibilities

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
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
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
Ensures effective risk and compliance management
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