Sourcing Analyst

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Signet Jewelers is the world's largest retailer of diamond jewelry, operating more than 2,800 stores worldwide under the iconic brands: Kay Jewelers, Zales, Jared, H.Samuel, Ernest Jones, Peoples, Banter by Piercing Pagoda, Rocksbox, JamesAllen.com and Diamonds Direct. We are a people-first company and this core value is at the heart of everything we do, from empowering our valued team members, to collaborating with our customers, to fostering the communities in which we live and serve. People – and the love their actions inspire – are what drive us. We’re not only proud of the love we inspire outside our walls, we’re especially proud of the diversity, inclusion and equity we’re inspiring inside. There are dynamic career paths awaiting you – rewarding opportunities to impact the lives of others and inspire love. Join us!

The Procurement Sourcing Analyst is responsible for implementing sourcing strategies across indirect spend categories, specifically Digital and Technology categories, managing sourcing projects, and following best practices to support a best-in-class Procurement function.

Major Responsibilities:

• In collaboration with stakeholder business teams and guidance of Sr. Manager, prepare and issue RFPs. Review RFP Responses and Short List Suppliers. Negotiate with Suppliers, lead commercial aspects of Contract review and coordinate with Legal and other departments as needed.  Route contracts for execution.  

  • Ensure application of appropriate practices throughout sourcing projects to maintain a competitive environment, delivering timely RFPs to assist in the delivery of savings

  • Represent Signet with external supplier community on sourcing events

  • Explore options for continuous improvement that drive cost savings as well as process improvements

• Strong analytical skills to calculate current category spend and analyze incoming proposals against the baseline to determine savings based on different award scenarios

  • Work through ambiguity and deliver optimal solutions, delivering results for complex and/or non-routine sourcing projects or processes

• Project Management skills to lead projects to ensure the sourcing event meets its deadline, achieves maximum savings and minimizes risks.

  • Willingness to respond quickly and meet compressed deadlines in a dynamic, fast-paced work environment while ensuring critical milestones and deliverables are completed on schedule across multiple, moderate to high complexity sourcing projects simultaneously

  • Work independently and be self-motivated to keep projects moving forward and overcome roadblocks and recognizing when and how to escalate challenges

  • Advise and partner with business leaders to drive savings and improve business compliance

• In collaboration with Sr. Manager, stakeholder business teams and Finance, continuously looks for new savings opportunities, process improvements, and supplier compliance in existing contracts (e.g. receiving rebates, pricing, terms, SLAs, etc.)         

• Effectively manage key supplier relationships, including supporting benchmarking and ongoing performance measurement activities as needed.  Analyze market space to identify potential suppliers for sourcing efforts, including support of Signet’s Supplier Diversity goals.  Administration of procurement technology toolsets          

• Performs additional duties and projects as assigned.

• Consistent regular scheduled attendance is considered an essential function of this job.

Position Qualifications

Education: Bachelor’s degree in Business, Supply Chain, Finance, or related field

Acceptable Job-Related Experience:

• Ability to think strategically and align goals with department and corporate strategy.

• Analytical, decision-making, and problem-solving skills and abilities.

• Effective relationship building, communication (both verbal and written), and presentation skills.

• Strong time management and organizational skills.

• Negotiation skills with the ability to partner cross-functionally.

• Experience leveraging multiple Sourcing tactics/strategies, including leading RFx processes, auctions, sole/single source negotiation, and ZBX analysis.

• Familiarity and experience with 7-Step Sourcing process.

• Familiarity with Digital and Technology categories (software, hardware, telecom, services) and suppliers.

Years of Job-Related Experience: 1+ years of strategic sourcing experience

Technical/Other Skills:

• Familiarity with e-Procurement technologies (e.g. Ariba, GEP, Oracle, Coupa), including contracts management, eSourcing (including auction formats) and spend analytics.  

• Advanced experience using Microsoft tools particularly Excel and PowerPoint in support of sourcing activities. 

• Strong data analytics capabilities and financial acumen.