Strategic Sourcing Analyst-Senior

About the role

The Strategic Sourcing Senior Analyst plays a vital role in sourcing direct materials for Tiffany’s 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 Tiffany’s material supply chain and supplier base, directly supporting management’s overall supplier strategy and meeting the master acquisition plan.

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.
• Ensures effective risk and compliance management.
• Through professional presence and behaviors, inspires trust and integrity. Influences staff members at all levels through coaching, team-building, and relationship building with business partners.
• Ad hoc projects and duties as assigned.

Qualifications

• Minimum of 3-5 years of relevant experience, including 1-2 years of project management experience.
• Bachelor’s degree.

Skills

• 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).