Vincent Law Email and Phone Number
I have extensive experience in sourcing, negotiations, vendor management, data analytics, and supply chain. My career has focused on sourcing, operational efficiencies, long term sustainability implementations, and innovative sourcing strategies. I have a deep understanding of imports, exports, negotiation strategies, and relationship management in global business environments. My experience has ranged from indirect sourcing to direct sourcing, and I have sourced and bought in CPG, food & beverages, retail, electrical parts, and CAPEX projects.
Target
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Sourcing ManagerTarget May 2020 - PresentMinneapolis, Mn, Us• Manage over $330M in retail sales across four owned brands in Home Decor and LTOs. Collaborate and lead large CFTs, inclusive of 4 Planners, 5 IA’s, and 8 CTV Sourcing Managers. Acquire knowledge of a variety of product types (i.e. soft goods, toys, accent décor, baskets, and others.) and execute negotiations of up to +1,000 item lines all while advancing sustainability requirements across three distinct guest categories.• Deliver over $1.6M in net cost savings across Decorative Accessories in the Home Décor category, contributing to margin improvements averaging 7%. Achieve improved financials primarily by re-negotiating and consolidating low margin carry forward assortments, mitigating cost increases by dual bidding while resourcing from duty free COPs, and consolidating to assortment packs to reduce waste, OOS, and freight cost. Which lead to the highest department margin within the entire Home and Hardline categories within Target in 2022 and 2023.• Collaborated with global partners through new partnership launches, and helped create a new strategy and vision for division wide changes to help with global balance, vendor matrix optimization, tracking vendors and consumers KPI, and helping Target achieve our financial goals while meeting the guests price point.• Leverage negotiation skills and costing expertise to ensure quality/cost, and deliver maximum bottom-line value. Able to deliver over $2 million in savings even during the global freight shortage and factory shutdowns during COVID 19 by moving production to neighboring countries and reducing lead time and OOS.• Collaborated with a cross-functional team including Target Merchants and Planners to turn ideas into the merchandise on stores’ shelves and on our online channels. Help launch LTO (Limited Time Offering) products such as Hilton Carter, Pride, Kendra Scott, and also launch the new Jungalow brand at Target. -
Business PartnerTarget Jan 2019 - May 2020Minneapolis, Mn, Us• Led internal negotiation with CFT to deliver all milestones accurately and within allocated budget, and supported the launch of Target’s new owned brand Good & Gather and Favorite Day.• Created $1.2 million in savings with the creation of a new order guide strategy for Target food service.• Apply data and analytics to optimize strategy with fixtures, signage, assets protection, store support, store communications, pricing, marketing and merchandising teams to ensure proper launch of products. -
BuyerCargill Jan 2018 - Jan 2019Wayzata, Minnesota, Us• Delivered a record high of $2.1 million in hard savings in a 30-minute reverse auction, which was the first of its kind at Cargill Strategic Sourcing and Procurement(CSSP).• Provide sourcing support to the strategic procurement process, execution of supplier agreements to include bid processes, negotiations, supplier selection and development, and contract management.• Coordinate activities with sourcing, procurement, logistics, plant management, operations, and finance to meet supply and demand goals.
Vincent Law Education Details
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Texas A&M University -
Texas A&M UniversityBachelor'S Degree
Frequently Asked Questions about Vincent Law
What company does Vincent Law work for?
Vincent Law works for Target
What is Vincent Law's role at the current company?
Vincent Law's current role is Sourcing Manager | Retail, Tech, Media, CPG | Procurement, Sourcing, Data Analytics, Development, Retail Sourcing, Strategic Sourcing.
What schools did Vincent Law attend?
Vincent Law attended Texas A&m University, Texas A&m University.
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