Richard Kim Email & Phone Number

London, Gb

Created and established Procurement process and procedures in a decentralized business environment by infusing Strategic Sourcing Methodology and tactical collaborative approach to the business model. Established a spend category priority roadmap utilizing a Sourcing Strategic Matrix, for tenders, RFx events, and negotiations (Contracts, SLA, MSA, and etc.) Achieved a 30% cost reduction / avoidance within Print Marketing and Temp Labor agencies for all business verticals establishing and tracking compliance. Driving 2.5 MM Dollars to the bottom line.Accomplished a 68% cost reduction and process improvement tendering PR distribution wire / database services, implemented transparency and contract controls to establish actual need.Relationship Management with Key Stakeholders by category spend and aligning goals, compliance, expectations, and timelines.Instituted a Supplier Management and Governance Program, per spend category to establish vendor partnerships and performance reviews.

Leader of Procurement and Facilities departments establishing procedures and protocol for enterprise annual spend while managing 15 associates. Established a Strategic Sourcing and Facilities Department by hiring, mentoring, and creating target goals road-map with timelines to all employees; in conjunction with the creation and implementation of a Procure to Pay governance program and policy enterprise wide. Facilities management of 19 office and bureaus location, including but not limited to Staff management and leadership involving, MRO projects, lease negotiations and management, energy management programs, security agency programs and partnering, office relocations, subleasing, maintenance and repair needs, HVAC, etc. Human Resource Strategic Sourcing in Health and Welfare Benefit cost reduction/avoidance in all categories. 401K sourcing resulting savings and concurrently a robust program that ensures effective investment targets and strategies. Commercial real estate RFX events which achieved total reduction over the life of leases, insuring but not limited to, elimination triple net leases, cost free periods, and insurance of effective TI allowances. Web and App projects utilizing third party out sourced development, hosting, and management companies RFP(s) resulted in a reduction spend and importantly establish visibility and tracking into each category spend. Auto lease reduction in overall cost and improved ancillary categories. Travel Agency RFX events affirming ever changing travel regulations and best practice is pursued and maintained, consequent to a reduction of spends category while maintaining well versed travel team. PR and Media agencies outsourcing project; RFX occurrence and detail discovery process to ensure the effective governance of these critical business roles. Strategically sourced Broadcast and IT equipment, installation, services, software, support maintenance.Experienced in leading negotiations with the Big 4 consulting.

New York, Ny, Us

CPO, Senior Director of Strategic Indirect ProcurementCPO and Department leader, responsible for revitalizing existing procurement group by implementing strategic sourcing methodology and best in class procurement policy and procedures within all avenues and business units to effectively manage the enterprise indirect spend. Created and mentored procurement team with a minimal budget utilizing innovative training and educating in procurement industry best practices, such as commodity benchmarking and tracking, auditing savings in real time to affect the company’s capital expenditures and profit and loss lines, detailed RFP’s and contract review to ensure effective leveraging of the spend with improvements to the enterprise’s operations and supplier management to ensure effective partnering and clear line of communication to innovate process in a dynamic environment. Championed expense reduction off shore BPO for IT and HR utilizing a seven-step strategic sourcing methodology with an effective SLA’s to ensure quality control. Critical member of the new store opening team creating cost efficiency in the indirect product mix and effective vendor management to establish a 99% fulfillment rate. Gate keeper of controlling indirect cost and spend management which helped keep the company profitable resulting in a smooth financial pathway for an effective IPO.Implemented an ERP purchasing requisition module which shows real time information and established structure and discipline with in all operating groups / departments. Established a centrally lead procurement strategy to effectively leverage indirect spend focused on global and domestic sourcing, commodity tracking and proven negotiation tactics. Lead the department in a focused savings objectives utilizing a proven seven step strategic sourcing methodology and adapting it to the company’s goals and achieved 25% reduction of the addressable indirect spend going straight to the bottom line.

New York, Ny, Us

Director of Global Indirect ProcurementCategory leader for a $7.8 B Cosmetic Manufacture and Retailer; Leading staff and partner with senior business leaders in development and implementation of major sourcing and supply chain productivity projects, new sourcing, materials management, retail construction and facilities strategic sourcing, store/counter fixture goods and services procurement, and process improvement methodologies, and new client relationships.Developed and executed a procurement strategy for the retail store construction /facilities group by creating process/procedures, supplier management, and strategic sourcing methodology; which netted a per category average 40% reduction of spend and 98% fulfillment rate (100% on critical goods and services) for new store deliverables.Chartered a formulation with various brands design/creative teams to reduce cost and upgrade technology by targeting and establishing partnerships with material manufactures achieving $2MM annual savings in the form of a rebate.Critical member of the Executive Management Project Management Team 4 year cost cutting strategy (FY10 to FY13); effectively ahead and or on target of each project which will ultimately achieving a Global Indirect Procurement company goal of $55 MM savings.Implemented and trained brand operations, retail store construction/facilities, and other corporate departments on effective and proven business practices with an emphasis strategic sourcing to modernize operational processes.

Department mentor for a $5.8B home goods retailer. Responsible for the procurement of store fixtures in all 800+ locations.Established effective vendor partnership relation where there was a lack of performance, by building a positive rapport and clearly establishing mile markers for expected goals, which resulted in a 50% increase of on time deliveries.Negotiated annualized savings $1MM by partnering with the vendors and creating efficiencies in manufacturing, sourcing over seas and value engineering products mixes.Improved communications flow with in multiple corporate departments by creating and implementing new process and procedures.Implemented commodity benchmarking program that insures purchases are reviewed quarterly based on the current raw material cost.

Department leader for a $1.2B building products distributor. Responsible for over $175 MM of company product purchases, with a team of 10 associates handling multiple rolls in the supply chain process.Created a Corporate Purchasing Department to leverage the company spend by reduced vendor base from thousands to hundreds in 115 product categories.Improved gross profit dollars by 30% in the last 3 years by consolidating vendors in product categories and renegotiating net cost.Developed a product performance rating system, established effective marketing promotions, and evaluated competitive market pricing to grow gross profit percentage by 10% in the last 3 years.Leveraged company purchasing for safety, tools, hardware and maintenance by creating a $1MM internal profit center through an Internet website shopping cart and catalog, effectively maximizing purchase power and reducing external spending.RICHARD K. KIMPage 2Directed and trained Buyers in better business practices to improve vendor negotiation including cost, rebate, vendor compliance, quality control, and effective annual contracts.Team leader in showroom operations, marketing, and merchandising, overseeing a fixture retrofit of 130 branch locations, which took the product category from $8MM to $20MM sales in 3 years.Streamlined commodity futures procurement of steel, aluminum, and plastic products, to save $2.5MM in annual cost and add 15% to the gross profit percentage.Executed strategic business plan by creating 2 additional hub warehouses to establish volume purchasing and effective logistics. Mentored the management team of 3 hub warehouses for the distribution of products nationwide.Established "Internal Customer" procedures to improve and better support the branch's needs.

Department leader for a start up Internet Company. Managed and hired a team of 8 associates responsible for procuring the company's complete product line of crystal, wood, electronics, apparel, general awards, and promotional products.Created the department from the ground up and established procedures and policy (e.g. vendor compliance guide, PO programs) to define the purchasing process, which resulted in a solid and diverse database of 75 vendors to maintain the complete product line.Developed and procured over 250 items for catalog and website to ensure the correct product mix for and meet customer's needs.Renegotiated a 25% annual savings on all products, due to the established volume and vendor relationships.Implemented a $250K inventory liquidation of acquired company's overstock inventory based on product evaluation, analyzing inventory turns and product sell-through.Team leader for the creation of all catalogs and website updates to ensure profitability.Created a system to manage the maintenance of the database, inventory control, and product performance resulting in a streamlined, efficient process.

Midvale, Utah, Us

Managed a team of 3 associates responsible for establishing contracts and all aspects of sourcing including supplies, service agreements, industrial and material handling equipment for all 250+ stores nationwide.Generated a 25% cost reduction in sourcing by analyzing each category spend and renegotiating product costs.Implemented business solutions for point of purchase (POP) targeting by sourcing effective POP equipment.Developed a creative solution to outsourcing the consolidation and warehousing to meet aggressive deadlines of fixturing and merchandising for new store location.Trained operational groups and senior management on complex industrial products based on current technologies and energy efficacy.Executed strategic business plan to open 150+ locations as key contributor on the new store setup team.

Midvale, Utah, Us

Managed a team of 10 associates. Implemented Inventory Control procedures at the headquarter store.Led the successful pilot operational inventory test process utilizing a new software module to streamline and standardize procedures resulting in effective inventory control.Key member of the Process Development Team that launched and rolled-out the new inventory control procedures to all branch locations nationwide.

Managed a team of 5 associates for the day-to-day operations, merchandising, and inventory control of the bath department at the headquarters' store.Effectively provided customer service and information about department products to increase sales by 10%.Motivated the department associates to successful accomplish the departments merchandising goals.

Managed day-to-day operations and 28 associates working with fashions soft line merchandise at a store location.Trained managers and associates in merchandising and operations to implement corporate strategies.Corresponded with vendors and distribution centers to obtain merchandise and facilitate distribution to stores.Implemented pricing and promotion strategies to improve gross sales by 20%.

Bachelor Of Arts, Industrial Psychology, Organizational Behavior

High School