Global Strategic Sourcing executive with extensive experience in diversified manufacturing, supply chain, business strategy and commercial leadership. Strategic Sourcing | Global Sourcing | Procurement | Supply Chain | Manufacturing | Director | VP | Vice President | CPO | Chief Procurement Officer | SVP | Senior Vice President | Low Cost Country | Category Management | Commodity Management | Direct | Indirect | Engineering | Finance | MBA | Raw Materials | Direct Materials | Indirect | Valves | Chemicals | Plastic Resin | Packaging | Mechanical | Electro-Mechanical | Electrical | Industrial | Commodity Strategy | Cross-functional team | Six-Step | Seven-Step | Global Strategy | Global Supply Chain | Low Cost Country | Supply Chain Transformation | Supply Chain Optimization | Organizational Design | Business Process Outsourcing | Continuous Improvement | Thought Leadership | Planning | Operations | Product Supply | Inventory Management | ERP | MRP | Metrics | Savings | Cost Reduction | Cost Out | Cost Avoidance | Should Cost | Market Intelligence | Supplier Performance | Supply Chain Solutions | Innovation | Supplier Selection | Process Improvement | Change Management | Lean Material Flow | Operations | Total Cost of Ownership | Supplier Relationship Management | Stakeholder | Supplier Development | Supplier Performance | Risk Management | Contract Negotiation | Leadership | New Product Introduction
Honeywell
View- Website:
- rittal.com
- Company email:
- info@sps.honeywell.com
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Director Of SourcingHoneywell May 2018 - PresentCharlotte, North Carolina, UsHoneywell is a Fortune 100 software-industrial company that delivers industry specific solutions including aerospace, control technologies for buildings and performance materials globally. • Leading the Direct Materials Sourcing function for the Honeywell Building Technologies business.• Responsible for Mechanical, Electronics, Plastics, Contract Manufacturing and Finished Goods procurement and for the transformation, strategy and execution of Direct Materials sourcing. • Working closely with business partners across the organization to develop a vision for the Direct Materials Sourcing function in support of business goals.• Providing long and short term strategic sourcing plans, category strategies and supplier relationships consistent with company goals and objectives.• Delivering business results including productivity, working capital improvement, supplier performance and continuity of supply. • Negotiating supply contracts, selecting and developing relationships with key suppliers.• Facilitating change management with cross-functional teams and implementing projects that meet specification and cost parameters on a timely basis.• Creating and maintaining scalable/sustainable processes to drive effective procurement across the organization. -
Sourcing Leader - Engineered SystemsGeneral Electric 2012 - Jan 2018Boston, Ma, Us Developed and implemented best-in-class sourcing strategies for GE Power, the global manufacturer of gas turbines and power generation equipment. Achieved continuous year-over-year cost take-outs of 3-5% for the $200MM Engineered Systems portfolio in a highly- engineered, high sole-source environment. Increased cash flow by implementing vendor managed inventory and negotiating dramatically improved payment terms. Led supplier selection, qualification, development and overall supplier management. Leveraged a network of regional and international cross-functional teams to achieve cost reduction and minimize single /sole source risk. Led the execution of low cost country strategies in China, India, Korea & Eastern Europe. Drove supplier on-time and quality performance improvements using supplier management metrics. Upgraded organizational talent, leading, coaching & developing a globally-located buying team. -
Sourcing DirectorGeorgia-Pacific Llc 2001 - 2011Atlanta, Ga, Us Led a major $200MM+ Chemicals sourcing category for this $26B consumer products, paper and building products maker. Developed and implemented sourcing strategies for a wide range of commodities including: Plastic Resins, Coatings, Colorants, Wax, Adhesives, Specialty Paper, Paperboard, Film & Corrugate. Led vendor selection and managed the total life cycle of supplier contracts. Leveraged a detailed understanding of incumbent supply base, supplier capabilities / key cost drivers to identify and exploit savings opportunities. Addressed critical supply issues and minimized risk in an environment of price volatility, capacity constraints and other commodity pressures. Provided commodity price guidance / market intelligence and succinctly communicated to senior management. Managed a spend portfolio of outside finished goods sourced in North America, Europe and Asia. Collaborated with marketing, production and engineering in commercializing 30+ new product introductions. -
Sourcing DirectorNash Industries Aug 1999 - 2001 In the top Sourcing position, led procurement department responsible for industrial components and raw materials for a privately-owned, global multi-site manufacturing company. Built top-performing strategic sourcing team from existing transactions-based, low-skill group by motivating, coaching and focus on talent development. Gathered and analyzed historical spend / future demand data to develop cost saving commodity strategies on Castings, Shafts, Bearings, Fabrications, Motors, Accessories and C-class items. Dramatically reduced the supplier base by segmenting /optimizing existing & potential suppliers. With responsibility for the entire supply chain, achieved worldwide inventory reduction by implementing economic order quantity management.
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Global Sourcing ManagerSpx Flow Precision Solutions 1995 - 1999Charlotte, North Carolina, Us Managed $300MM mechanical spend for General Signal, acquired by SPX. Applied the 7-step sourcing process to develop commodity strategies and drive year-over-year cost reductions for a wide range of industrial components. Led cross-functional teams that determined commodity requirements, analyzed supplier industries, conducted RFQ activities, negotiated and awarded contracts to provide the most cost effective purchasing. Led multi-location team sourcing Castings in low cost countries including China, India & Mexico. Negotiated multi-year purchase agreements with domestic and foreign suppliers. Developed material cost containment, material productivity and price inflation metrics tied to company financial performance.
David Parry Education Details
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Columbia Business SchoolFinance Accounting -
Concordia UniversityBs - Mechanical Engineering
Frequently Asked Questions about David Parry
What company does David Parry work for?
David Parry works for Honeywell
What is David Parry's role at the current company?
David Parry's current role is Director of Sourcing at Honeywell.
What schools did David Parry attend?
David Parry attended Columbia Business School, Concordia University.
Who are David Parry's colleagues?
David Parry's colleagues are Marc Patton, Marc Tucker, Bill Cameron, Syed Owais Ali, Luke Hoban, Amanda Finucane, Marco Corti.
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