Ralph Lauren Sourcing Development Manager

Company Description

Ralph Lauren Corporation (NYSE:RL) is a global leader in the design, marketing and distribution of premium lifestyle products in five categories: apparel, accessories, home, fragrances, and hospitality. For more than 50 years, Ralph Laurens reputation and distinctive image have been consistently developed across an expanding number of products, brands and international markets. The Companys brand names, which include Ralph Lauren, Ralph Lauren Collection, Ralph Lauren Purple Label, Polo Ralph Lauren, Double RL, Lauren Ralph Lauren, Polo Ralph Lauren Children, Chaps, among others, constitute one of the worlds most widely recognized families of consumer brands. At Ralph Lauren, we unite and inspire the communities within our company as well as those in which we serve by amplifying voices and perspectives to create a culture of belonging, ensuring inclusion, and fairness for all. We foster a culture of inclusion through: Talent, Education & Communication, Employee Groups and Celebration.

Position Overview

Position Purpose and Scope Execute regional strategies and secure through active sourcing and validation of vendors performance and capability. Responsible for product development of all adopted products through proto to Fit. Manage final cost, placement, capacity planning, communication of product changes.

Essential Duties & Responsibilities

Key Responsibilities

• Sourcing Strategy: Co-working with CFT on vendor & brand focus, based on Top-Down Expansion team/ Global Category teams input & bottom-up opportunities. Support in analyzing business trends and strategic planning of business initiatives for internal and external stakeholders. Collaborate with CFTs to build capabilities, Concept development/ missions /derisking as per the sourcing strategy & mitigate risk.
• Seasonless CORE price working / TOP BOARDS: Ensure price per macros/ or better working with vendors on factual costing, ref pricing with regional summary. Oversee cost negotiations to ensure brand targets are met with more factual based costings and the deadlines are met.
• Seasonal Capacity / Seasonal Allocations: Coordinate & collaborate with internal CFT & suppliers for capacity planning along with CAM. Assess bottlenecks and ensure strategic regional allocation.
• Consistent KPIS & Service Levels: Carry out SOP and streamline workflow process in order to improve work efficiency and achieve corporate goals per business demand. Weekly meeting with NY/ HK/ BDO (Core, Seasonal & Concept Development). Monitor adherence to calendar deadlines by team members with consistent KPIS, service level to Vendor/ NY stakeholders. Troubleshoot concerns raised/resolve issues that will impact on product cost, delivery, SRS OTD & Line Review-Risk Assessments, handover on-time.
• New Vendor Onboarding: Costing & sampling exercise/ capability check with CFT/ vendor visits & alignments with CFT on timeline/ product showcase/ on-boarding downloads
• People Leadership: Actively engage in providing feedback and learning opportunities for team with direct responsibility of their Goals & Development Plans. Create an inclusive environment aligned to core Ralph Lauren company values and cultural focus areas.

Experience, Skills & Knowledge

• +10 years of Merchandising/ sourcing experience preferred with US buying office or large trading business.
• Profound product knowledge in high end brands products with good fashion sense.
• High adaptability and flexibility to changing business environments, able to work independently.
• Detail-oriented and able to handle very structured process.
• Good PC skill, specially Excel , Excel analysis, familiar with multiple systems, charts and reports.
• Candidates to have /with multiple brands, calendars & product categories exposure.
• Strong interpersonal skills, communication skills and problem solving skills
• Good business acumen.