Andy Engstrom Email & Phone Number

Minneapolis, Minnesota, US

Leadership of sourcing team within GMI's largest operating unit, including activities such as exceeding OU cost savings target, achieving spring plan budget, and influencing critical strategic activities, such as the OU supply chain LRP and fiscal year planning

Minneapolis, Minnesota, US

• Responsible for global cost savings targets for flavors, seasonings, and spices categories, totaling ~$170M in global spend
• Leading all aspects of strategic sourcing process, including industry analysis, RFx creation, supplier negotiations, contracting, and supplier management

Minneapolis, Minnesota, US

• Strategically managed GMI’s largest category within external supply chain, resulting in improved vendor performance and cost savings through utilization of S2P tools such as eSourcing

Minneapolis, Minnesota, US

• Led a cross-functional team tasked with finding new sources of sugar due to large-scale U.S. crop failure
• Delivered upon project success criteria ahead of timeline, allowing for improved business performance and financial favorability against inflation expectations

Minneapolis, Minnesota, US

• Led efforts to bring GMI external supply chain spend under global sourcing management, resulting in effective S2P compliance and leadership alignment

Minneapolis, Minnesota, US

• Ensuring our C&F segment can achieve their sourcing-led spring plan financial commitments, such as cost savings targets and inflation expectations
• Updating the C&F leadership team on key commodity and ingredient market activities, such as volatility in futures markets as well as pertinent crop progress reports
• Supporting the cross-functional team on new product development and renovation work

Minneapolis, Minnesota, US

• Led supplier negotiations, market analysis, fiscal year budgeting for two of GMI’s largest material spends
• Managed risk position of GMI wheat and oat exposure, including fundamental analysis and risk management tools such as futures, options, and OTCs, which resulted in significant favorability to our spring plan budget
• Supported new product development, margin expansion initiatives, and innovation development for GMI foundational brands (Nature Valley, Totino’s, Pillsbury, etc.)

Minneapolis, Minnesota, US

• Executed RFP for North American fruit prep spend, resulting in $2.5M of cost savings
• Led strategic supplier score carding for region, which improved category alignment with cross-functional partners and created pipeline of supplier KPIs for fiscal year
• Negotiated the resolution of $2M outstanding quality compliance issues with strategic vendors

Minneapolis, Minnesota, US

-Executed negotiations with strategic suppliers which led to $11 MM in cost savings for the category-Supported product development primarily within the Snacks division (i.e. Nature Valley, Larabar)-Led supplier performance efforts such as vendor scorecarding, quality resolutions, and payment term extensions

Minneapolis, Minnesota, US

-Supported purchasing activities for one of GMI's largest raw material spends-Leveraged knowledge of risk management, commodity legislation, and market acumen to drive negotiations with strategic suppliers

• Utilizing cross-functional resources from the U.S. and the European Union to collaborate on cost-saving initiatives for the EU sugar category
• Effectively communicating cross-culturally with stakeholders and resources in the EU to achieve the greatest results within the category
• Achieved $1.4 million in cost savings for the sugar category