Effective at sourcing products, vetting vendors and managing bid process. Good relationship-builder and problem-solver with methodical approach and excellent verbal and written communication skills. Well-versed in jewelry procurement needs, sales and processes.
· Liaison with the store Head & Designer to develop and implement the seasonal plan to align with sales objective and to meet the financial targets
· Input, analyzed and reported on data covering all aspects of procurement operations.
· Set up and negotiated contracts to obtain favorable pricing and delivery structures from vendors
· Researched new vendors and partners to obtain most cost-effective pricing for goods, saving 5% buying cost in diamonds for company in one year while ensuring no compromise to the diamond and finishing of the article
· 20% increase in the sale of diamond jewelry by using the bundle product strategy
· Practical and prolific addition of color stone jewelry in the brand’s portfolio to increase profitability by 45%.
· Achieved an additional sale of 450,000 CAD by strategical increase of 35% in the production and procurement plan
· Active participation in different exhibitions to understand the market trend
· Proactive involvement in valuation and identification of the diamonds & gemstone for buyback, exchange and appraisal
· Proactive inventory management to support the merchandising, marketing plan, and financial goals of various Jewelry articles
· Identifying the competitive price points of the product including target margin
· Maximum utilization of in-house inventory of gemstones, diamonds and precious metal
· Educational training programs for the sales team for their professional and personal upbringing to achieve higher sales target plus consumer satisfaction
· Made valuable contributions to planning of promotions, pricing and inventory levels, enhancing inventory flow, revenue and profits.