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I don’t just source materials—I source solutions. Having spent more than a decade transforming procurement into a competitiveadvantage for businesses operating across North America, Asia and Africa, I have grown a passion for optimizing supply chains,achieving cost reductions, and building strong connections with vendors. My strategy is straightforward: I look for opportunities,execute with precision, and offer results that are meaningful. This methodology has allowed me to negotiate savings amountingto hundreds of thousands of dollars on chemicals and to slash inventory expenses by fifty percent.I am currently the Procurement Officer at QUESTSPECIALTY, INC., where I am accountable for expenditures exceeding $50million to drive manufacturing across the automotive, foodservice, industrial, and commercial fields. I have successfully reduced20% of the costs by strategic sourcing, renegotiation of contracts, and supply chain optimization through which I guaranteed98% on-time delivery. I have experience in several fields, with an emphasis on raw materials, packing, maintenance, and repair,including logistics. Whether leading procurement teams or directly managing suppliers, I have always driven operationalperformance improvement, reduced costs, and improved efficiency.My global experience includes providing sourcing and supply chain management services in China, where I was responsible foroptimizing supply chains, reducing lead times by twenty percent, and saving more than $1 million yearly via supplierconsolidation. I believe in building procurement systems that not only contribute to the expansion of a company but also createvalue on a sustainable and long-term basis.Have you reached the point where you are prepared to take your procurement strategy to a cost-smart level? Let’s connect anddiscuss the ways in which we may work together to achieve operational excellence!
Freelance
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FreelanceKaty, Tx, Us
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Purchasing ManagerQuestspecialty Corporation Aug 2023 - Oct 2024Brenham, Texas, Us• Managed procurement and strategic sourcing with $10 million in spend. Executed sourcing activities for raw materials to support manufacturing specialty chemicals for Commercial, Industrial, Foodservice, JanSan/Housekeeping, and Automotive industries.• Delivered 20% cost savings on procurement expenses by renegotiating contracts and leveraging strategic vendor partnerships for chemicals, MRO, packaging, and labels.• Reduced inventory costs over 60 days by 50% YoY by optimizing supply chain processes, improving demand forecasting, and implementing just-in-time inventory management practices.• Led a cross-functional team of 3 purchasers overseeing procurement for MRO, packaging, labels, and raw materials, resulting in a 15% improvement in procurement cycle times and increased efficiency across departments.• Established strategic sourcing initiatives that strengthened vendor relationships, achieving 98% on-time material delivery rate.• Developed supply and demand protocols that improved stock levels by 30% and reduced stockout occurrences by 25%.• Negotiated with new and global vendors to reduce chemical costs, securing competitive bids that saved $350K on five chemicals.• Demonstrated potential purchase volumes to a new vendor representative, which produced a 25% average reduction in costs.• Streamlined supplier onboarding processes by 30%, cutting approval time from 10 days to 7 days, and improving compliance by 20% through the implementation of an automated procurement management system. -
Sourcing ManagerQuestspecialty Corporation Aug 2023 - Oct 2023Brenham, Texas, Us -
Senior Supply Chain SpecialistFritz Industries, Inc. Jul 2021 - Jul 2023Mesquite, Texas, Us• Procured over 100 types of raw materials, packaging, and bottling products, optimizing purchasing processes and reducing lead times by 15% for on-time production of finished goods.• Managed inbound shipping lanes, negotiating pricing and carrier services, achieving $400K annual savings via route optimization and consolidating shipments while maintaining 99% on-time delivery rates.• Sourced and onboarded multiple vendors for raw materials and packaging, securing cost reductions of 12% across key categories.• Coordinated daily with tolling vendors to oversee production and deliveries, which led to 10% increase in operational efficiency.• Monitored and managed inventory levels, achieving 20% reduction in stockouts and increasing overall warehouse accuracy by 18% through enhanced receiving and tracking processes.• Collaborated with production, quality control, and finance departments, supporting launch of 4 new product lines within 2 years.• Sourced new vendors for packaging materials, reducing bottle and box costs by over 30%, which transformed an unprofitable product into a profitable one.• Optimized inventory management processes, reducing excess inventory by 15% and improving turnover rate from 6 to 4 months. -
Supply Chain SpecialistSelf-Employed Jul 2016 - Jan 2021Austin, Tx, Us• Handled purchase of projects for theme park worth $3 million in Beijing with an annual turnover of $100 million annual turnover• Reduced process cost by 12% from the previous year and saved the company $50,000 for that year• Helped build up an increase in client satisfaction for 3 companies from 78% to 90% through stream lining the supply chain flow.• Devoted special emphasis to punctuality and worked to maintain outstanding attendance record, consistently arriving to work ready to start immediately.• Managed quality assurance program including on site evaluations, internal audits and customer surveys.• Negotiated agreements between employees to clarify misunderstood directions and resolve conflicts affecting performance.• Developed team communications and information for import and export client/factory meetings. -
Cheif Operatoring Officer And Head Of Supply ChainGingso Jul 2012 - Aug 2016• Obtained quotes from several shipping companies and selected new organization, resulting in cost savings of 10%.• Confirmed accurate freight duties and bills of lading for shipments by collaborating with customs brokers.• Coordinated shipments of product from country of origin to final destination by both air and land transport.• Developed tracking reports, which alleviated customer calls and boosted time savings.• Maintained open communication with customers and overseas partners to update all parties on order and shipping changes.• Developed new process instructions, which enabled team members to work more efficiently.• Followed SOPs with all customer account actions and data management to keep consistent service levels.• Facilitated warehouse improvement initiatives to advance operational efficiencies.
Derrick Smith Skills
Derrick Smith Education Details
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Texas Tech UniversityInternational Business
Frequently Asked Questions about Derrick Smith
What company does Derrick Smith work for?
Derrick Smith works for Freelance
What is Derrick Smith's role at the current company?
Derrick Smith's current role is Global Sourcing Specialist | Category Management Pro ➡ Expert in Cost Reduction, Risk Mitigation, and Supplier Diversity.
What is Derrick Smith's email address?
Derrick Smith's email address is de****@****epc.com
What schools did Derrick Smith attend?
Derrick Smith attended Texas Tech University.
What are some of Derrick Smith's interests?
Derrick Smith has interest in Hiking, Camping, Movies, Walking Through Parks And Other Scenery.
What skills is Derrick Smith known for?
Derrick Smith has skills like Marketing, Sales Operations, Sales Management, Hospitality Management, Customer Service, International Business, International Relations, Management, Consultants, Information Technology, Microsoft Office.
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