Sourcing And Planning Specialist

Job Description

The Specialist Sourcing and Planning will work towards the execution of the functional plan, primarily responsible for following up with vendors, their selection and onboarding with negotiations and placing orders on behalf of the Polished division. Also responsible for providing input and analysis to support informed decision making, monitoring market trends to help deliver business goals.

• 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 companys 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 industrys best practices
  
  

• Bachelors 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