Barbara Morrison Email & Phone Number

Arlington Heights, Il, Us

Deerfield, Il, Us

• Led execution of $150MM spend in OTC Own Brand Cough/Cold, Allergy, Pain, Sleep and Pediatric category sourcing strategies and plans • Minimized supply disruption and risk during peak Covid demand by securing incremental sources of molecules and products• Partner with key drug suppliers to understand supply and demand dynamics during rapidly changing environment • Manage RFP process for all OTC Own Brand new products

Itasca, Illinois, Us

• Drove and determined negotiation, sourcing strategy and development of new products for $150MM in spend • Delivered $6MM in improved negotiated spend across 6 strategic sourcing categories and RFP’s• Developed strong supplier partnerships to build strategic category business plans• Led the optimization of brands and assortment while maximizing margin and delivering overall productivity

Austin , Texas, Us

• Determined the manufacturing strategy to accommodate exponential growth by evaluating capital expansion of existing facility, building a new plant or outsourcing operations• Led financial analysis on all continuous improvement projects including optimizing 34 product SKUs identifying opportunities to minimize costs• Transitioned existing product lines to a co-manufacturing site reducing product cost by $4MM, forecasting and tracking project savings• Managed RFQ bidding processes for 10 product lines including communication, analysis and cost negotiation•Improved supplier and co-manufacturing relationships, resolved issues and communications during difficult situations including commericialization problems, ingredient shortages and quality issues

Chicago, Il, Us

• Managed several global projects determining decision to outsource manufacturing on key businesses including beverages and cheese generating savings of $6MM.• Analyzed and recommended operational and strategic direction based on development of a financial model and database• Managed a strongly functioning team of 3 financial managers

Chicago, Il, Us

• Led the financial forecasting and budgeting processes for $20 Billion spend for global procurement, commodities ingredients and packaging• Managed and communicated productivity targets• Responsible for internal controls and identification of financial exposure of purchasing contracts• Integrated international commodities such as coffee and businesses into financial planning and futures and options risk management strategies• Presented financial impact commodity hedging and portfolio strategy to senior leadership on a monthly basis. Identified key risks and opportunities.• Delivered process improvements and more accurate reporting through creation of a new software platform to record and account for commodity transactions including options and futures• Managed 10 financial managers and analysts as a staff

Chicago, Il, Us

• Integrated the newly acquired Nabisco portfolio of cookie and cracker products into sales region, streamlining and improving system and processes • Managed sales region growth targets and selling expense budgets. Analyzed and communicated results to plans and budgets• Responsible for training 75 salespeople and implementation of solid financial controls, policies and procedures. Performed audits of sales personnel trade spending budgets resulting in successful corporate internal audit results• Managed a staff of 3 financial managers

Chicago, Il, Us

• Led $2.6 billion in revenue division forecasting, budgeting and long range planning processes for critical brands including Kraft Macaroni & Cheese, salad dressing, Miracle Whip and Minute Rice • Established and administered brand and category revenue, profit and growth targets• Communication and coordination of all business results compared to plan for senior management and investors• Supervised a staff of 3 senior financial analysts

Chicago, Il, Us

• Analyzed parmesan cheese aging process and reduced the amount of inventory by consolidating storage locations and shortening the length of storage creating a cash flow savings of $35MM. Received a Superior Achievement award for the project.• Created a milk sourcing model to evaluate and determine production timing for cream cheese manufacturing plants resulting in $2.5MM of savings• Delivered $5MM in productivity savings annually for Cheese Division• Managed financial forecasting and analysis of results for 7 manufacturing plants

Chicago, Il, Us

• Reduced headcount by 26 and transitioned human resource and financial processes to a central shared service center resulting in ongoing savings of $5MM• Managed profit and loss financial statements and processes for the recipe cheese category• Performed make versus buy analysis for all information system infrastructure capital projects

Master Of Business Administration (M.B.A.)

Bachelor’S Degree, Finance