Tiffany & Co. is currently seeking a Strategic Sourcing Specialist in Parsippany, NJ. The primary purpose of this role will be to lead and deliver enterprise wide procurement and cost optimization opportunities, capturing cost reductions on Tiffany expenditures for indirect goods and services while assisting the Manager - Global Procurement with procurement strategy, processes and execution.
The Strategic Sourcing Specialist will lead the planning and execution of strategic sourcing initiatives using a multi-step sourcing process for prioritized indirect spend categories within Corporate Services categories including but not limited to Facility Services, HR Recruiting, Contingent Labor, Office Supplies, Logistics, and Travel. The Specialist will develop category specifications requirements and related scope of work that is consistent with the business requirements and Global Procurement strategy. S/He will conduct data gathering, spend analytics, and utilizes market intelligence to develop business cases and total cost of ownership models to assist the business in delivering measurable cost savings and developing multi-year cost avoidance and reduction strategies while conducting analytics to measure and monitor savings achieved and ensure category compliance versus previously implemented procurement initiatives
The Specialist will lead evaluations through the development of RFQ, RFI and RFPs and participate in negotiations. This position will develop negotiation strategies based on supplier proposals and spend/RFP analysis and act as a contract negotiator within assigned categories. S/He will manage supplier selection process and provide data and recommendations to ensure informed selection decisions and develop and administer agreements and statements of work in collaboration with business and legal department. Additionally, this position will identify continuous improvement initiatives such as demand management and process improvements while monitoring supply market and identifying opportunities resulting from new product offerings and/or market shifts (e.g., entry or exit of suppliers, changes in pricing).