AM - Sourcing (Solitaire)

<p><b>Job Description:</b></p> <div> </div> <div> <p>1. Strategic Sourcing & Procurement (Gold)</p> <ul> <li> <p>Develop, implement, and manage strategic sourcing plans for plain gold (bullion and finished goods), focusing on achieving the best balance of cost, quality, and secure supply.</p> </li> <li> <p>Lead complex negotiations for pricing, credit terms, and delivery schedules with gold suppliers, refineries, and bullion dealers to meet aggressive cost-saving targets.</p> </li> <li> <p>Execute daily or periodic Finished Goods purchase orders based on real-time production schedules and inventory requirements.</p> </li> <li> <p>Schedule and manage the OTB (Open to Buy) plan to align procurement activities with financial budgets and sales forecasts.</p> </li> </ul> <p>2. Vendor Management & Development</p> <ul> <li> <p>Proactively identify, evaluate, and onboard new plain gold suppliers/vendors, ensuring they meet strict criteria for compliance, quality standards, and production capacity.</p> </li> <li> <p>Conduct rigorous, periodic performance reviews of existing suppliers using key performance metrics (KPIs) such as quality, delivery time, reliability, and competitive pricing.</p> </li> <li> <p>Build and maintain strong, ethical, and collaborative long-term relationships with all key gold suppliers and industry partners.</p> </li> </ul> <p>3. Compliance, Quality & Risk Management</p> <ul> <li> <p>Act as the custodian of sourcing compliance, ensuring all gold procurement activities strictly adhere to internal policies, local/international legal regulations, and industry standards (e.g., hallmarking, anti-money laundering (AML), and responsible sourcing guidelines).</p> </li> <li> <p>Coordinate closely with the Quality Assurance team to schedule and verify testing of sourced gold materials (e.g., accurate karatage and purity).</p> </li> <li> <p>Proactively identify, assess, and mitigate procurement risks associated with gold price volatility, potential supply chain disruptions, and non-compliance issues.</p> </li> </ul> <p>4. Cross-Functional Collaboration & Reporting</p> <ul> <li> <p>Collaborate effectively with Manufacturing/Production/Category teams to synchronize sourcing and procurement schedules with the overall production plan.</p> </li> <li> <p>Work with the Finance/Accounts Payable team to ensure timely supplier payments and efficiently resolve any invoice or documentation discrepancies.</p> </li> <li> <p>Maintain accurate and organized records of all sourcing activities, contracts, and comprehensive vendor data within the procurement/ERP systems (e.g., Oracle).</p> </li> <li> <p>Prepare and present regular, detailed reports to senior management on gold purchase performance, documented cost savings, market analysis, and inventory levels.</p> </li> </ul> </div>