Manager – Component Sourcing (On-Site)

Overview

The Manager – Component Sourcing is responsible for the procurement of gemstones and components, executing vendor strategy as communicated by the Director of Product Development, taking the lead and/or participation in price negotiation. This position is further responsible for training, mentoring and outlining daily staff responsibilities toward the achievement of assigned goals. This position will work closely with the Product Development Team as well as HSM Thailand in acquisition of gemstones. This position will work to create a collaborative team by utilizing and improving the talents within the Home Office, expertise within HSM Thailand to enhance efficiencies, productivity and improve quality and costs. This position will continuously monitor and evaluate vendor performance, pricing and delivery to determine appropriate key supply sources.

Responsibilities

• Run or delegate the creation demand reporting for all gemstone components and work with Buy Planner on minimums/maximums to ensure proper inventory is available upon demand.
• Responsible for communication with HSM ensuring that both WSM and HSM are aware of all open order, color standards and product movement.
• Work with the Assistant Manager Gemstone - Procurement to create purchase orders, select vendor based on Director of PD’s strategic direction, negotiate costs when appropriate.
• Oversee the team in tracking all open orders, work with vendors on delivery dates to ensure lead times are met.
• Communicate to the Director of Product Development and/or all cross functional teams any supply problems which may impact the business operations.
• Oversee, guide and train teams in grading, sorting and ensuring quality standards are adhered to.  Guide the team regarding proper invoicing/costs and determination of acceptable rejection rates.
• Communicate all rejections to vendor with explanation and reason codes – ensure vendor understands and does not repeat.  Identify when/if a vendor will be unable to sustain deliverable product to WSM.
• Contact suppliers to resolve price, quality, delivery, or invoice issues.
• Act as an interface between suppliers and other relevant departments on purchasing processes and new projects and activities.
• Monitor market trends, competitor strategies and market suppliers.
• Provide analysis on costs, new and existing and review cost reduction activities.
• Work closely with others in the procurement function and review opportunities for continuous improvement and business improvements.
• Ensure compliance to company guidelines, purchasing policies and procedures and Non-Disclosure Agreements (NDA’s) are filled out and filed.
• Conduct research for new components and suppliers bi yearly and submit findings to Director – Product Development.
• Compile data relating to supplier performance to enable evaluation:  Perform KPI analysis.
• Bi yearly, assess and evaluate suppliers and contribute to performance reviews to ensure contract compliance.

Qualifications

• 3+ years of experience globally sourcing and/or purchasing gemstones (corundum, semi-precious, mineral and pearls).  Gemological certification preferred.
• Excellent time management, organizational skills, and great follow through.
• Strong interpersonal, communication, negotiation and influencing skills.
• Analytical, numerically astute with strong demonstrated problem-solving abilities.
• Able to multitask, work well under pressure and handle emergency and stressful situations.
• Capability to work cross functionally across a large organization.
• Excellent customer service skills.
• Intermediate ability in Microsoft Word, Excel, Outlook and Power Point.
• Familiarity with an integrated Enterprise Resource Planning (ERP) system and/or Material Requirements Planning (MRP).
• Demonstrated ability to engage interest and participation of others and has a collaborative approach to working together.  Proactively contributes to the team.
• Demonstrated attention to detail and accuracy.
• Ability and willingness to travel domestically and/or internationally as required.

Behavioral Characteristics

The Manager – Component Sourcing must be a forward-thinking and collaborative communicator with the ability to delegate tasks effectively. Will be a conscientious problem solver who can work with details as well as big-picture concepts. For the best success in this role, will be proactive and comfortable with leading a diverse team.

Work Environment

This role is an on-site part of the Home Office team. The primary environment for this role is an open office. Considerable business is conducted using the telephone and computer technology. This role may be approved to work remotely on specific occasions but that does not change the ongoing classification of the role as on-site. Travel may be required to stores, conferences, events and, potentially, internationally less than 20% of the time.

Why Work for Shane Co.?

Joining #TeamShaneCo comes with a host of benefits designed to support you and your loved ones- we understand a supportive benefits package is key to a fulfilling work experience. As a family-owned business, we prioritize your well-being, recognizing that our success is a collective effort. Here's what we offer:

Compensation and Recognition: We offer a competitive base rate and an opportunity for a yearly bonus.

Time off: You’ll enjoy a generous time-off package, including 3 weeks of vacation, and an annual float day. We value holidays and are closed on major ones. Plus, you receive a float day and paid volunteer day annually. We also value your work-life balance and keep favorable hours that provide a great retail experience to our customers while respecting your time and well-being.

Family-centric benefits: We care about your family, and our benefits extend beyond standard offerings. In times of major illness, you can earn time off at full pay for self or family care. You’ll also benefit from paid parental leave, an Employee Assistance Program, and assistance navigating medical complexities.

Health and wellness: We value your health and provide you with paid sick time. Additionally, you can access competitive medical, dental, and vision plans, a 401(k) with company match, and flexible spending accounts. You can also enjoy voluntary benefits, including long-term disability, life insurance for dependents, and pet insurance. We also have a dedicated staff member who focuses on well-being and work-life balance, ensuring you thrive professionally and personally.

Employee Discount: Enjoy a generous store and online discount, available for you and your family members.

Shane Co. serves our customers with an unparalleled standard of excellence. Our people get to share in our customers’ milestone moments such as weddings, birthdays, anniversaries, and everything in between.

Our goal for you is to give you an employment experience like no other so you wake up and want to come to work every day! If you love being part of a team as well as providing personal attention to every customer, this is the place for you!

Base Pay range for this role is $95,000 to $125,000/annually, which applies to this specific role. Your placement in the range is determined through interviews, a review of experience, knowledge, skills, balanced pay with other team members and alignment with geographic market data.  Home office base pay ranges are based on the Denver market.  We target most new hire offers toward the lower end of the listed range, but more demonstrated experience, knowledge and skills may result in a higher starting rate. 

Beyond Base Pay: Home office positions are eligible for consideration for an annual bonus, based on total company performance.  Amounts vary by role and are based on a percentage of eligible earnings for the fiscal year.  

Employer will not sponsor visa or work authorization