Richard Kim
Procurement Executive - Head of Procurement
- Role
- Procurement Director, Head of Procurement at BetMGM
- Location
- Summit, NJ, US
- LinkedIn followers
- 500 followers
About Richard Kim
An accomplished executive with expertise in Global Strategic Sourcing, Supply Chain Management, Enterprise Risk Mitigation, Contractual Governance, and Product Innovation. Offers considerable proficiency in strategic and tactical procurement, business development, and strategic planning through collaborative partnerships with critical stakeholders. Proven leadership in mentoring cross-functional teams utilizing a comprehensive coaching methodology. Demonstrates a capacity to improve organizational efficacy, expansion, and financial returns via direct contribution to financial objectives. Substantial experience in both indirect (use) and direct (resale) procurement across various sectors, supplemented by a history of successful fiscal management, strategic vendor relations, contract negotiations, and product strategies. CORE COMPETENCIES & SKILLS OPERATIONAL & STRATEGIC EXPERTISE- Startup Operations and Process Improvement - Financial Analysis and Return on Investment (ROI) Assessment - Team Building and Stakeholder Management - Contract Evaluations and Term & Conditions (T&C) Negotiation - Supply Chain Optimization & Demand Forecasting - Strategic Goals Development Execution - Global and National Strategic Procurement - Commodity and Futures Procurement Management - System, Material, Supply, and Service Acquisition - Business Process and Procedure Optimization - Supplier Relationship Management and Performance Metrics (KPI) Tracking - Specification Development and Market Analysis - Product Development for resell initiatives - Proficiency in Source-to-Pay Systems and Enterprise Resource Planning (ERP).)- Capital and Profit & Loss (P&L) Expense Oversight; Pre-Budget Strategic Spend Management - Change Management Implementation; Strategic Negotiation Expertise
Experience
Procurement Director, Head of Procurement
Jan 2022 — Present · Jersey City, NJ, US
Established a comprehensive end-to-end Procurement process and procedures framework enterprise-wide, managing 3 Billion dollar annual spend. Spearheaded the transformation of Procurement Operations, Strategic Sourcing, and Vendor Management by implementing a comprehensive and robust company Procurement Policy management framework. This initiative involved streamlining procurement processes, optimizing sourcing strategies, and enhancing vendor relationships, resulting in significant cost savings, improved operational efficiency, and mitigated supply chain risks.
Education
Wilkes University
Bachelor of Arts
Skills
- Raw Materials
- Demand Planning
- Customer Relations
- Merchandising
- Supply
- Budgeting
- Supply Chain
- Erp
- E-Procurement
- Product Development
- Vendor Management
- Vendor Relations
- Negotiation
- Supplier
- Inventory Control
- Team Building
- Contract Negotiation
- Supply Chain Management
- Vendor
- Operations Management
- Procurement
- Materials Management
- Inventory Management
- Continuous Improvement
- Planning
- Retail
- Change Management
- Strategic Sourcing
- Financial Analysis
- Strategy Development
- Sourcing
- Process Engineering
- Supplier Management
- Process Improvement
- Cross-Functional Team Leadership
- Strategic Planning
- Category Management
- Profit
- Cost
- Pricing
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