Signet Jewelers

Manager Merchandising Sourcing

Signet Jewelers$90K — $110K *
Retail & Consumer Goods
Less than 5 years of experience
Job Overview by Ladders

Qualifications

  • 5+ years in sourcing management or related field
  • Strong analytical skills and experience in cost modeling
  • Proficient in vendor negotiation and relationship management
  • Familiarity with Loupe systems and SKU management
  • Ability to communicate effectively with cross-functional teams
  • Experience in training and onboarding procedures

Responsibilities

  • Develop and maintain commodity grids for stones and labor
  • Negotiate prices and Over-Cost Margins with vendors
  • Implement Should-Cost modeling for product SKUs
  • Foster partnerships with merchant teams for cost negotiations
  • Create training materials for data entry into Loupe
  • Travel to assess industry positioning and vendor capabilities

Benefits

  • Opportunities for domestic and international travel
  • Collaborative work environment with cross-functional teams
  • Professional development and training opportunities
  • Exposure to industry best practices and emerging technologies
  • Dynamic role with variety in duties and projects
Full Job Description
Reporting to Merchandise Director in Global Strategic Sourcing, the Sourcing Manager will be responsible for developing cost strategy as it relates to stone pricing (grids), labor and raw material commodity pricing, vendor over-cost %, and SKU-Level cost approvals. The Sourcing Manager will also be responsible for maintaining SLA on Loupe SKU generation for all in-scope banners and partnering with cross-functional teams to troubleshoot and facilitate Loupe integration downstream for current and future-scoped business cases.

1. Develop and maintain Loupe commodity grids for stones and labor. Work directly with vendors and Sourcing Director/Diamond Sourcing Director to negotiate grid prices and allowable Over-Cost Margin % for vendors in Loupe.

30

2. Work with vendors to develop, onboard, and implement Should-Cost modeling for existing and new product SKUs across all Signet banners in Loupe.

30

3. Develop and maintain strong partnership with merchant teams to negotiate fair and equitable costs in Loupe that are in line with Should-Cost modeling and meet required merchant margins.

20

4. Develop and coordinate comprehensive training for Rules of Engagement reference materials - for Merchants and Vendors - how to enter data correctly into Loupe for QC and Reporting

10

5. Travel domestically and internationally to understand industry position related to material cost, labor impact, vendor capabilities and emerging technology applications.

10

Performs additional duties and projects as assigned.

About Signet Jewelers

Signet Jewelers Limited is the world's largest retailer of diamond jewelry. The company operates over 3,300 stores primarily under the name brands of Kay Jewelers, Zales, Jared The Galleria Of Jewelry, H.Samuel, Ernest Jones, Peoples and Piercing Pagoda. Signet Jewelers is headquartered in Akron, Ohio and has over 30,000 employees worldwide. The company was founded in 1949 and went public in 1972. Signet Jewelers is listed on the New York Stock Exchange under the ticker symbol SIG.
Learn more about Signet Jewelers
Size
30,856 employees
Market Cap
$3 billion
Industry
Net Income
-$82.4 million
Founded
1950
5 Year Trend
+4.1%
Revenue
$5.1 billion
NASDAQ

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