Job Description

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

Skills Required