Regional Sourcing Manager
CurrentProactive procurement specialist with a strong knowledge of the packaging industry. Responsible for securing raw-material, sub-components, finished goods, and indirect procurement. Developed and executed sustainable multi-material sourcing strategies. Optimized engineering design, materials, and process selection. Benchmarked the packaging industry to drive lowest cost, industry leading quality, and continuity of predictable supply. Coordinated with the global sourcing community and stakeholders on market trends, price situation, raw material shortages, and important market changes.• Established strategic supplier relationships to develop effective low-cost solutions and negotiate win-win agreements. • Slashed monthly inventory by $500,000 while avoiding customer shortages and backorders.• Increased sales by 15% by onboarding new suppliers and adding 10 new products to company’s portfolio.• Saved $1.5 million by restructuring and negotiating firm vendor contracts.• Boosted revenues by $2 million through expertise in analyzing market trends and proactive purchasing.• Consistently achieved 92% supplier on-time delivery, which was acknowledged company wide.• Reduced dead stock by 12% through effective internal/external communication and persuasive follow-up.• Led vendor managed inventory (VMI) programs, raw material supply agreements, and total cost reduction programs to ensure the lowest possible total cost, including product cost, transport cost, inventory cost, and cost of quality.• Formulated contingency plans to de-risk technical challenges, long lead time, and single source supply issues. • Industrial packaging products and services that I deal with include Corrugated Boxes, Protective Foam Fitments, Returnable Steel Racks, Plywood Crates, Pallets, Plastic Bins, Bulk Containers, Thermoformed Cushioning, Plastic Corrugated Dunnage, Corrosion Prevention Solutions, LDPE, HDPE Packaging Products, Anti-Static Packaging, Wrapping and Strapping Solutions.