Job Title: Purchase Manager (Diamond)
Work location: Chennai,
Industry: Gems and Jewellery
Adept at establishing and maintaining strong supplier relationships, managing budgets, and ensuring compliance with industry standards. Expertise in market analysis and quality control, contributing to the companys success. Passionate about staying updated on industry trends and delivering exceptional results in the world of diamonds.
1. Diamond Sourcing: Identify reliable sources for diamond procurement, including suppliers, dealers, and diamond exchanges. Negotiate prices and terms with suppliers to ensure competitive pricing.
2. Quality Control: Establish and maintain strict quality control standards for all diamonds purchased. Ensure the diamonds meet the desired cut, clarity, carat, and color specifications.
3. Inventory Management: Manage the inventory of diamonds efficiently, including tracking stock levels, turnover, and reordering when necessary to maintain optimal inventory levels.
4. Market Analysis: Stay updated on industry trends, market conditions, and changes in diamond prices. Make informed purchasing decisions based on market insights.
5. Budget Management: Develop and manage budgets for diamond purchases. Monitor expenditures to ensure they align with the budgetary constraints.
6. Compliance and Documentation: Ensure compliance with all legal and ethical standards related to diamond purchasing. Maintain proper documentation of all diamond transactions.
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