Sourcing Manager

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.

The Sourcing Manager is a key member of the regional Strategic Sourcing team, responsible for driving category strategy, delivering measurable savings, and managing supplier relationships across a defined portfolio of direct and indirect spend categories, including store construction procurement. The role supports Mexico market and partners closely with Finance, Legal, Operations, and Store Development to ensure sourcing decisions support the company's growth, cost, risk, and sustainability objectives. This position reports to the Regional Sourcing Director and is based in Mexico City.

Key responsibilities:

Strategic Sourcing & Category Management

• Owns end-to-end sourcing execution for assigned indirect/direct categories

• Runs RFx events, supplier shortlisting, and bid evaluation within category strategy set by leadership

• Maintains category spend baselines and pipeline of sourcing opportunities

Store Construction/Marketing Procurement

• Sources key vendors for construction/marketing (e.g., GC, millwork, event agencies)

• Tracks project-level procurement bid opportunities and vendor performance against store opening schedules

• Coordinates with Real Estate, Maison SDP PM, Visual Merchandising, and Marketing teams on category-specific requirements/needs

Savings & Value Delivery

• Delivers negotiated savings and cost-avoidance targets for assigned categories

• Tracks and reports savings performance against quarterly KPIs using standard methodology

Supplier Relationship & Performance Management

• Manages day-to-day relationships and performance reviews for a defined supplier base

• Runs quarterly business reviews for mid-tier suppliers (SDP, Marketing etc.)

Compliance, Risk & Regulatory (Mexico + Global)

• Ensures sourcing activity complies with local Compliance requirements in Mexico and internal audit controls

• Implements Compliance requirements for sourcing vendors and drives policy adoption

Contract Negotiation & Commercial Structuring

• Leads negotiations for contracts working with stakeholders and Legal

• Drafts and redlines standard legal & commercial terms with Legal support

Digital Procurement & Systems/Technology

• Operates and drives adoption of the company's designated P2P platforms (e.g., SAP, or other systems available) within assigned categories

• Contributes to digitization of RFx and contract workflows

Sustainability & ESG Sourcing

• Incorporates ESG criteria (environmental standards, ethical sourcing) into RFxs

• Collects, validates, and maintains supplier ESG data (environmental, social, and governance metrics) for assigned categories

Supply Chain Resilience & Risk Management

• Execute supplier diversification and dual-sourcing plans for assigned categories

• Monitors category-level risk indicators (single-source exposure, lead-time volatility) and escalates emerging supply risk

Stakeholder & Cross-Functional Leadership

• Partners with category stakeholders (Finance, Legal, Operations, Store Development) on sourcing initiatives

• Works closely with Finance team members to validate savings, align on budget impact, and support forecasting for assigned categories

• Communicates sourcing progress and risks to functional stakeholders

Team Leadership & Talent Development

• Build relationships with internal Stakeholders in Mexico and HQ

• May mentor 1-2 junior buyers/analysts on an informal or project basis

• Primarily an individual contributor with direct category ownership

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