Jewellery Sourcing Executive in essence is responsible for procuring highquality materials and finished goods for the jewellery industry ensuring competitive pricing and maintaining strong relationships with suppliers.
Heres a more detailed breakdown of their role:
Key Responsibilities:
Material Sourcing:
Identifying evaluating and selecting suppliers for raw materials like precious metals (gold platinum silver) gemstones and diamonds.
Vendor Management:
Building and maintaining strong relationships with suppliers negotiating contracts and ensuring timely delivery and quality control.
Cost Optimization:
Analyzing market trends identifying costsaving opportunities and negotiating favorable prices with suppliers.
Procurement Planning:
Developing and implementing sourcing strategies to meet production needs and ensure a consistent supply of materials.
Quality Control:
Implementing and maintaining quality control measures to ensure that all materials meet the required standards.
Market Research:
Staying informed about market trends new technologies and emerging suppliers in the jewellery industry.
Collaboration:
Working closely with other departments such as design production and sales to ensure that sourcing activities align with business goals.
Data Analysis:
Analyzing procurement data to identify trends optimize processes and improve efficiency.
Skills and Qualifications:
Experience:
Proven experience in procurement preferably within the jewellery or related industries.
Knowledge:
Strong understanding of jewellery materials manufacturing processes and supply chain management.
Negotiation Skills:
Ability to negotiate effectively with suppliers and secure favorable deals.
Analytical Skills:
Ability to analyze data identify trends and make informed decisions.
Communication Skills:
Excellent communication and interpersonal skills to build and maintain relationships with suppliers and other departments.
Organizational Skills:
Strong organizational and time management skills to manage multiple tasks and deadlines.
Software Proficiency:
Proficiency in relevant software and tools such as procurement software and MS Office Suite.