Eric Gundersen Email & Phone Number

Bronx Ny

• Working Capital Optimization through in-depth forecast review and validation, new just in time purchasing model, repurposing and re-promoting of old inventories, cost reductions, liquidation of obsolete inventory and maximizing margin on new products.• Oversee forecasting, purchasing, sourcing, company efficiency, margins, outbound shipping, warehousing, new growth direction, final review of all distributor and sales contracts, plus P & L and budget responsibility.• 2016 price reduction of 5% and 2017 10% annual savings of approx. $600K• Project/process management including reengineering and implementation of new process/procedures including creating new and managing existing KPI's, in-depth forecasts analysis review by customer by SKU, new product cost structure, chargeback procedures and customer returns process.

Saddle Brook, Nj

• Managed all purchasing efforts including new item cost signoff sheets, new competitive bidding process, cost analysis, negotiated payment terms & vendor contracts.• Source and implemented new key vendors and improved overall vendor relations.• Project management including "New Product Development" and Christmas programs.• Coordinate with sales and marketing to re-promote existing items as well as new items.• Lead-time reduction from 6 to 4 months and reduction of component liability from $300K to $100K

New York, Ny 10016

• Built and implemented new Purchasing Data Base leading to annual cost reduction of 3% even as component cost increased 200% and Chinese Yuan appreciated 13%. We heavily bid out top selling items while running more in-depth cost, forecast, vendor, component, and product analysis. While also reducing buying process from 2 days to 2 hours.• Hired trained and managed a staff of 8 including 2 overseas offices responsible for Weekly QC of products, vendor sourcing and product sourcing. Also created and maintained department’s financial annual budget.• Reduced on hand inventory by 60%, $3 million, and increased turns by 200% in 2 years by developing and implementing new automated substitution process which used slow or non-moving on hand inventories and • Responsible for overall quality of all inventories including writing manuals, training staff, reviewing reports and executing rigorous testing procedures. Reduced overall QC rejection rate by 50% and reduced QC costs by 10%.• Manage all suppliers and freight forwarders by performance. Implemented KPI's to track and quantify pricing, lead time, quality, on time delivery, and response time.• Successfully managed and executed several warehouse moves within negotiated time frame and budget, by creating project plans, financial budgets, negotiating freight rates, analyzing sales and inventories, warehouse shipping and receiving capabilities while setting up new warehouse (procedures, QC and IT systems) and training staff.

New York, Ny 10016

• Managed a staff of 3 including logistics, client services and purchase order entry.• Reduced on hand inventories and simplified purchasing process by developing a system to consolidate inventories and sales orders from multiple divisions into 1 system.• Developed buying models based on forecasts and past sales trends. Met weekly with VP’s of all divisions to discuss recommended inventory purchases.• Responsible for forecasting, purchasing, QA and liquidation of obsolete inventory.

• Reduced Leakage from 6% to 3% through regulating canceled orders, monitoring product flow to ensure on-time arrival of products, and ensuring valid cancellation dates for purchase orders.• Set up and executed supply/demand process on seasonal basis, with goal of comparing actual factory orders to projected customer sales. Also reduced inventory of slow-moving offerings, through weekly availability report.• Served as liaison between Production and Sales, resolving production issues on daily basis, including late deliveries and quality problems, and then communicating information to sales.

Valhalla, Ny

• Negotiated price and delivery. Placed orders with domestic and international vendors. Developed product cost tracking system. Developed and implemented all sales forecasting models, including analyzing forecasts and sales history, and adjusting inventory levels accordingly. Played key role in determining product mix and selecting products, Sourced new products and substitutions.

Rye, Ny

• Managed 3 control buyers, with activities including training, assigning responsibilities, monitoring performance, and approving all purchases and inventory liquidations, while preparing weekly and monthly savings and liquidation reports.• Assisted in development and implementation of innovative domestic and import traffic procedures. Maintained policies and procedures of import ordering and receipt of large inventory shipments.• Member, Inventory Control Committee.• Reviewed new purchases with department heads and forecasters to ensure proper inventory levels, forecasted relist items for specialty catalogs, & successfully negotiated with vendors to maintain best and most current pricing.