Head of Procurement
Richemont · Seoul
Richemont, one of the world leaders in the luxury sector, has various Houses specializing in jewelry, watches and high-end accessories. Each Maison proudly embodies a tradition of style, quality and craftsmanship and Richemont strives to preserve the heritage and identity specific to each of them. At the same time, we are committed to innovating and designing new products in line with the values of our Houses, through a process of permanent creativity.
Process & Compliance
Manage and reinforce country Procurement policies and guidelines in compliance with Richemont group standard
Improve and refine procurement policy and procedures and monitor the effectiveness
Work closely with Finance and Internal Control & System departments to ensure Request-to-Pay processes compliance with corporate guidelines as well as legal and regulatory requirements
Maintain and manage Procurement dashboards / KPI’s to drive performance in terms of process compliance, delegation of authority, supplier qualification, etc.
Educate stakeholders on proper procurement process by organizing training and communication to brand and department requestors
Strategic Sourcing
Work with stakeholders and budget owners to establish procurement strategy on major categories including but not limited to retail store fit-out & renovation, advertising & promotion (e.g. events, PR, promotional items, visual merchandizing etc.) and general expenses (e.g. IT, logistics, office supplies, printing, etc.)
Review and optimize sourcing strategies, participating in supplier selection and review processes
Identify opportunities to drive efficiency, synergy and savings within local and regional operations
Lead major sourcing projects from RFP/tender to delivery
Maximize business benefits by consolidating purchasing power to drive cost savings
Support global and regional Procurement initiatives and lead implementation on local market level.
Supplier Relationship Management
Ensure qualification and conflict-free supplier relationships in line with Richemont group guidelines including Supplier Code of Conduct, factory audit, etc.
Manage relationship with major local and global suppliers to drive long term and sustainable partnership at group level
Continuously optimize supplier panel by regular review of performance and feedback from stakeholders
Manages day-to-day business relationships with major local suppliers; evaluate and improve vendor performance
Management Reporting
Represent Procurement function and present in management meetings
Provide key measurement statistics, analysis, and report on procurement activities to brand MDs and function heads
Regular update and communicate with local and regional senior management team on procurement initiatives
Team Management
Lead and coach a small team (1 staff) and develop the function
Define job scope, KPIs and objectives with the staff and perform regular review and annual appraisal for continuous people development
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