Studded Jewellery NPD Executive

Job Requirements

Key Responsibilities

1. UDR Management & SOP Compliance

o Arrive at weighted average base rates on the last two months’ actual diamond buying values, as per the new SOP.

o Compute and finalize UDR, ensuring accuracy and timeliness in updates.

o Incorporate UDR in vendor agreements and maintain proper documentation.

2. Threshold Monitoring

o Track UDR and DOM thresholds on a continuous basis.

o Maintain adherence to agreed thresholds and alert the Finance team if any deviation or breach occurs.

o Support stability in pricing by ensuring timely action on threshold breaches.

3. Finding Sales To Outright Vendors

o Understand requirement findings from outright vendors.

o Create sales against requirements by closely coordinating with the Warehouse team.

o Ensure the sales rates adherence as per the agreed rates.

4. Blanket Purchase (BPA)

o Update BPA for MTO (Make-to-Order) and NPD (New Product Development) whenever changes are identified.

o Ensure BPA changes are aligned with current vendor agreements and operational needs.

5. Cross-Functional Coordination

o Collaborate with Finance, Planning, SCM, NPD, and Vendor teams to ensure smooth execution of UDR and DOM processes.

o Share regular performance reports and updates with stakeholders.

Work Experience

• Analytical Skills: Ability to analyse buying trends, UDR data, and thresholds accurately.
• Product Knowledge: Understanding of diamonds, UDR/DOM concepts, and jewellery manufacturing processes.
• Process Knowledge: Familiarity with vendor management, supply chain processes, and SOP adherence.
• Attention to Detail: High accuracy in calculations, threshold monitoring, and documentation.
• Collaboration & Communication: Strong ability to work with cross-functional teams and communicate effectively with vendors and internal stakeholders.
• System Knowledge: Working knowledge of Oracle ERP and reporting tools preferred.