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Director, Strategic Sourcing Jobs
Company | Mejuri |
Address | New York, NY, United States |
Employment type | FULL_TIME |
Salary | |
Category | Retail Luxury Goods and Jewelry |
Expires | 2023-08-10 |
Posted at | 10 months ago |
Mejuri is the category-defining fine jewelry brand redefining luxury, your way. Feeling disconnected from an industry that typically markets to men, co-founder and CEO Noura Sakkijha leveraged her learnings as a third-generation jeweler to rethink the way women purchase jewelry—for themselves. In only seven years, and with a team of over 75% women, Mejuri has shipped over one million orders and opened retail stores across the globe, all while introducing new products weekly.
- Continuously improve and streamline Procurement processes and tools, including RFP structure, contract management solutions, PLM system and supply chain ERP
- Collaborate with Supply Chain Planning to secure sufficient ongoing manufacturing network capacity
- Develop, lead and execute on a long-term supply network strategy in partnership with Supply Chain Planning, Product Development, Sustainability, Technical Excellence (TE) & Quality to support Mejuri’s rapid growth trajectory
- Closely partner with other verticals across the business to drive implementation of integrated strategy and roadmap
- Demonstrate exceptional contract negotiation experience to lock in preferred pricing and build relationships with key suppliers.
- Use your knowledge of Jewelry, Diamonds, Gemstones and semi-finished goods to uncover new opportunities to expand our supplier network
- Use your extensive jewelry purchasing knowledge to drive strategic purchasing decisions that support profitable business growth
- Deliver strong solution orientation with the ability to think-out-of-the-box and have a vision for what is possible
- Demonstrate strong commodity market awareness and ability to predict pricing fluctuations
- Lead sourcing, evaluation and onboarding of new suppliers (FG and materials)
- Collaborate with vendors, and internal teams to identify and implement opportunities for supply chain efficiency improvements, quality enhancements, cost reductions, and materials management
- Continually seek process or asset improvements to maximize cost savings
- Determine accurate budget and forecasting and establish pricing models to maintain stability of margins
- Setup robust direct sourcing and directed-buy processes for diamonds, gemstones and semi-finished goods (ie. chains)
- Determine when additional or alternate sources are required, and implement proactive strategies to minimize product flow disruptions
- Lead the development and implementation of sourcing strategies applicable to purchasing and contracting for Jewelry, Diamonds, Gemstones and components
- Improve and build a strong supplier base to ensure continuity of supply in alignment with business objectives, values and emerging product needs
- Manage supplier relationships and performance, ensure supplier compliance with Mejuri Contract terms and conditions
- Build and own relationships with internal clients and be responsible for delivery of best-in-class strategic sourcing, contract management, negotiation and supplier management practices
- Collaborate with Sustainability to develop traceable material supply routes with suppliers
- Performance Monitoring: Monitor and report supplier performance on the basis of predetermined, relevant and measurable KPIs
- Collaborate with Sustainability to ensure supplier compliance with Mejuri ESG standards and regulatory requirements
- Collaborate with TE & Quality to design and implement a supplier development program
- Collaborate with TE & Quality to ensure supplier compliance to quality standards and implementation of CAPA’s
- Develop and implement strategies that minimize shortage risks (primary/secondary suppliers, supplier capacities)
- Drive best practices including analytical tools, negotiation preparation methodologies, rigorous RFP mentality and process, and sourcing execution practices
- Establish standards for and drive improvements in purchasing data management, drive spend analysis to better understand actual vs. forecasted savings, and develop supplier management/scorecards and performance reporting processes
- Keep informed of technology offerings and market trends that facilitate the purchasing of indirect goods/services both domestically and globally to reduce the total cost of ownership
- Be the subject matter expert in all things related to procurement and strategic sourcing
- Work closely with Supply Planning & Product development team to secure materials to coincide with aggressive manufacturing schedules
- Oversee all spend details with regular reporting to the VP Finance and Controller ensuring total costs are closely managed through reductions, stability in price agreements, and continuous improvements
- Supply chain responsiveness
- Product Margin
- Supply Chain reliability
- Strong leadership experience and team-building abilities
- Motivated, self-starting individual & strategic thinker. Must be hands on and enjoy working in a highly creative and entrepreneurial environment
- Experience with RJC, Kimberly process, GIA and other Jewelry related standards
- Strong project management skills, detail oriented and ability to deliver results
- Experience with RFP/RFI/RFQ processes, supplier negotiations and contracting
- Excellent interpersonal and communication skills
- Proven ability to influence cross-functional partners across all levels of the organization
- 10+ years relevant procurement experience with a focus on jewelry purchasing
- Extensive knowledge in Global Jewelry Sourcing, Sustainability & Supply Chain Management
- Graduate Gemologist (GIA) designation
- External procurement certification
- Parental leave salary top-up of up to 80%, as well as a personalized return-to-work transition and accommodation plan for full-time employees.
- A minimum of three weeks vacation, plus personal days and three religious observance days.
- Semi-annual performance reviews.
- Comprehensive medical and dental benefits, including mental health coverage, and generous personal and sick days for our full-time employees. We also offer bereavement leave, including miscarriage and stillbirth support.
- Internal coaching department and learning and development to support career growth and plans for everyone.
- A hybrid work model for all corporate roles.
- A generous product discount!
- ‘Mejuri Passport’ which allows employees who meet specific criteria to work in other locations for one month per year.
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