Bin Yu Email & Phone Number

Easton, Pa, Us

Easton, Pennsylvania, United States

• Managed sourcing teams covering commodities, toys, stationery, chemicals, resins, packaging / paper, molds, and tolling products, with competitive cost, right quality, compliance, and on-time delivery.• Established sourcing strategy, category strategy, and material strategy. • Managed global core supplier relationships, toll producers, and strategic alliance and partnerships.• Led supply chain design and optimization with TCO mindset, make-versus-buy decisions, and … Show more • Managed sourcing teams covering commodities, toys, stationery, chemicals, resins, packaging / paper, molds, and tolling products, with competitive cost, right quality, compliance, and on-time delivery.• Established sourcing strategy, category strategy, and material strategy. • Managed global core supplier relationships, toll producers, and strategic alliance and partnerships.• Led supply chain design and optimization with TCO mindset, make-versus-buy decisions, and capacity planning, managed supplier selection and landed cost.• Managed indirect category sourcing for manufacturing, engineering, MRO and services agreements.• Mitigated supply risk, followed commodity trend, and minimized inflation impacts.• Achieved annual savings PPV of $4.6 million and cost management of $4.2 million in 2023. Show less

United States

• Oversaw strategic / global sourcing of commodities, plastic resins, chemicals / colorants, finished goods, and indirect categories.• Developed and executed global / strategic sourcing initiatives, supply optimization, program / process improvement, and all company contracts.• Cultivated supply market and managed suppliers globally. Led technology transfer and IP protection with toll partners.• Managed material strategy, capacity planning, and… Show more • Oversaw strategic / global sourcing of commodities, plastic resins, chemicals / colorants, finished goods, and indirect categories.• Developed and executed global / strategic sourcing initiatives, supply optimization, program / process improvement, and all company contracts.• Cultivated supply market and managed suppliers globally. Led technology transfer and IP protection with toll partners.• Managed material strategy, capacity planning, and supplier relationship; oversaw supplier against company’s standards, forecast, and regulatory compliance with operation efficiency and CI.• Engaged in R&D and engineering projects; supported cost inputs for new product development as well as internal customers / stakeholders with TCO mindset.• Exceeded cost savings goals and objectives, continuously delivered business results with +1% cost reduction every year. Show less

United States

• Managed and oversaw strategic / global sourcing of commodities, chemicals, and toys. • Drove cost savings initiatives and projects and guided budget preparation. • Led negotiations of large spending category and sourcing initiatives. • Achieved cost savings target and generated substantial favorable price variance in 2013 and 2012.

Usa, Asia

Developed Asia sourcing and pigment sourcing strategy with vision and initiatives; executed and achieved manufacturer economics. Oversaw contracts with spend of $200 million in pigments, intermediates, and resins. Acted as key team player of BASF plant merger project and facilitated regional M&A and investment projects. Applied consignment in SAP and inventory management, reducing raw material inventory turnover from 36 to 23 days across three manufacturing sites. Developed and managed… Show more Developed Asia sourcing and pigment sourcing strategy with vision and initiatives; executed and achieved manufacturer economics. Oversaw contracts with spend of $200 million in pigments, intermediates, and resins. Acted as key team player of BASF plant merger project and facilitated regional M&A and investment projects. Applied consignment in SAP and inventory management, reducing raw material inventory turnover from 36 to 23 days across three manufacturing sites. Developed and managed suppliers as well as operation of toll manufacturing partners. Met budget and target agreements successfully across three consecutive years. Show less

Hongkong

Led and managed two teams in Hongkong and Guangzhou. Proposed strategy for positioning company as 3PL bulk chemical service provider and turned company around to $3 million profit in two years. Managed sourcing and distribution of $50 million of bulk chemicals. Oversaw logistics services and distribution services and successfully engaged in contracts with ITOCHU, Exxon Mobil, and Dow with four-year advanced lease payment. Acted as team member of $30 million investment project DOP / DINP with… Show more Led and managed two teams in Hongkong and Guangzhou. Proposed strategy for positioning company as 3PL bulk chemical service provider and turned company around to $3 million profit in two years. Managed sourcing and distribution of $50 million of bulk chemicals. Oversaw logistics services and distribution services and successfully engaged in contracts with ITOCHU, Exxon Mobil, and Dow with four-year advanced lease payment. Acted as team member of $30 million investment project DOP / DINP with Exxon Mobil. Show less

Worked on daily production and automation control system of manufacturing. Team member of feasibility study, technical research, and implementation of DCS automation.

Master Of Business Administration - Mba, Strategic Sourcing And Supply Chain Management

B.S.

Education record