o Arrive at weighted average base rates on the last two months' actual diamond buying values, as per the new SOP.
o Compute and finalize UDR, ensuring accuracy and timeliness in updates.
o Incorporate UDR in vendor agreements and maintain proper documentation.
2.
Threshold Monitoring
o Track UDR and DOM thresholds on a continuous basis.
o Maintain adherence to agreed thresholds and alert the Finance team if any deviation or breach occurs.
o Support stability in pricing by ensuring timely action on threshold breaches.
3.
Finding Sales To Outright Vendors
o Understand requirement findings from outright vendors.
o Create sales against requirements by closely coordinating with the Warehouse team.
o Ensure the sales rates adherence as per the agreed rates.
4.
Blanket Purchase (BPA)
o Update BPA for MTO (Make-to-Order) and NPD (New Product Development) whenever changes are identified.
o Ensure BPA changes are aligned with current vendor agreements and operational needs.
5.
Cross-Functional Coordination
o Collaborate with Finance, Planning, SCM, NPD, and Vendor teams to ensure smooth execution of UDR and DOM processes.
o Share regular performance reports and updates with stakeholders.
Work Experience
Analytical Skills: Ability to analyse buying trends, UDR data, and thresholds accurately.
Product Knowledge: Understanding of diamonds, UDR/DOM concepts, and jewellery manufacturing processes.
Process Knowledge: Familiarity with vendor management, supply chain processes, and SOP adherence.
Attention to Detail: High accuracy in calculations, threshold monitoring, and documentation.
Collaboration & Communication: Strong ability to work with cross-functional teams and communicate effectively with vendors and internal stakeholders.
* System Knowledge: Working knowledge of Oracle ERP and reporting tools preferred.
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