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 robust 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