Sourcing and Planning Specialist

Company Description

• Sourcing Loose Diamonds
• Responsible for supporting the VP of procurement in procuring Loose diamonds.
• Maintaining and updating prices shared by various Suppliers monthly, based on our Programs.
• Complete KYC process with vendors with our various International Offices.
• Provide price-trend analysis reports, identifying predictive trends / volatility of the market
• Keeping a close watch to identify new opportunities / markets availability for sourcing
  

• Vendor/Supplier Management
• Scout & select vendors / suppliers based on knowledge of their capabilities, performance history, quality standards, etc.
• Onboard new vendors / suppliers; induct them on the company’s norms and SOPs
• Continuously seek the best practices, cost reduction and process improvement opportunities in partnership with Product Development, Design, and Category teams withing De Beers group (DBL, FM, etc.)
• Select Vendors based on their strengths to supply the best diamonds at most competitive prices.
• Support in managing supplier relationships; collaborate with cross-functional teams on quality, payment, development, and logistics
• Collaborate with suppliers and vendors to maintain sourcing standards
  

• Metrics, monitoring & control
• Own and communicate supplier development timelines to ensure on-time delivery (Ontime Delivery of orders)
• Conduct routine cost analysis to achieve merchandising targets
• Develop and maintains supplier scorecard
• Perform ad hoc supplier risk monitoring
• Ensure effective governance, risk and compliance management
  

• Administrative
• Maintain seasonal production calendar to ensure deadlines are met
• Serves as a key liaison for day-to-day sourcing operations and work effectively with cross-functional teams to meet objectives (DBL, Origin and FM)
• Conduct market research to identify emerging trends, new suppliers, and cost-saving opportunities
• Lead supplier audits and evaluations to ensure compliance with ethical standards, legal regulations, and industry’s best practices
  

Qualifications

• Bachelor's degree in supply chain management, business administration, or a related field is preferred.
• 5 years of minimum diamond experience.
• Diamond grading experience is a must
• A strong background in sourcing, vendor management and business acumen
• Knowledge about Jewelry is a plus.
• Strong understanding of contract laws, regulations, and compliance requirements
  

• Strong attention to detail and accuracy
• Comfortable with figures and in collecting, analyzing and interpreting data
• Strong negotiation and contract management skills
• Excellent analytical and problem-solving abilities
• Exceptional communication and interpersonal skills
• Proficient in using sourcing software and tools