Erik Faust, Cscmp Email & Phone Number

Huntersville, North Carolina, US

• Led global supply chain initiatives for a leader in digital circuit breaker innovation and electric vehicle chargers
• Global Sourcing & COGS Optimization: Spearheaded a strategic sourcing initiative, achieving a 15% reduction in COGS on electronic components within three months, leveraging advanced analytics and market intelligence.
• Strategic Supplier Partnerships: Developed and maintained key supplier relationships, ensuring cost efficiency and a robust supply base for scalable growth.
• Cost-Effective Transportation Strategies: Developed cost-effective transportation strategies, leveraging multimodal shipping options and negotiating freight contracts, resulting in a 15% decrease in logistics cost
• ERP System Enhancement: Led the optimization of NetSuite ERP, significantly enhancing supply chain visibility and bolstering data-driven decision-making capabilities.

Los Angles, CA, US

• Led global supply chain spanning Asia, Mexico, Europe, and the U.S. Collaborated with the New Product Introduction (NPI) team to successfully bring Trov and Rise’s new product platforms to market.
• Strategic Sourcing & Supplier Performance: Strategic sourcing and supplier consolidation drove a 15% reduction in COGS and a 20% improvement in supplier performance metrics.
• Cross-functional Collaboration & NPI: Played a pivotal role in new product introductions, ensuring seamless collaboration between Engineering and Production and transitioning from concept to full-scale production.
• Developed Vendor Management Program: Improved supplier reliability and quality by 30%.
• Optimized Inventory Management: Implemented advanced inventory management techniques, achieving a 25% improvement in inventory turnover and reducing excess stock by 30%.

Culver City, CA, US

• A leading respiratory and hearing production manufacturer, Moldex-Metric experienced unprecedented demand for its N95 masks during the COVID-19 pandemic. Crafted and executed a procurement strategy that navigated the.
• Uninterrupted Procurement During COVID-19: Ensured the continuous supply of materials for the production of N95 respirators despite global material shortages and shipping delays.
• Warehouse Expansion Management: Orchestrated a 5x expansion of warehouse space from 13K to 65K square feet, focusing on layout optimization, safety compliance, and efficient materials handling.
• Co-led ERP System Implementation: Played a key role in selecting and implementing an ERP system (Sage X3), configuring it for optimal performance across purchasing, inventory, manufacturing, and financial modules.
• Production Expansion Collaboration: Big contributor to planning a new 100,000-sq.-ft. manufacturing facility, laying the groundwork for 200% projected business growth.

Glendale, California, US

• Senior Director of Operations Prior Roles: Director of Procurement, 1/2013 to 1/2016 | Sr. Purchasing Manager, 2/2012 to 1/2013____________________________________________________________________________________________.
• Purchasing Department Establishment & Growth: Built and led a department that generated $15M in cost savings, enhancing the company’s competitive edge.
• Operational Productivity Improvements: Implemented new policies and procedures in Receiving Department, resulting in a 25% increase in productivity and fostering an environment of consistency and accountability.
• Policy & Procedures Creation: Recaptured $735K in credit for scrap materials over two years after implementing scrap policies, negotiating defective returns, and new MRB procedures.
• Inventory Management Optimization: Instituted a cycle count and inventory control program that improved Finished Goods Inventory (FGI) accuracy from 81% to 99.1%, significantly reducing inventory carrying costs.
• Strategic Inventory Management: Implemented advanced inventory management strategies, including JIT and VMI, reducing inventory carrying costs by 22% and improving stock turnover rates.

El Segundo, CA, US

• From 2004 – 2012, I was the Purchasing Manager, during which I oversaw various initiatives related to procurement and sourcing of numerous technologies. Overseeing supply chain vendor-acquisition initiatives, I.
• Negotiated with dozens of Fortune 500 tech companies
• Achieved or surpassed sales, margin, and asset-management goals every month
• Managed purchasing activities for 20K+ SKUs and 10% of company revenue

Malibu, California, US

• Initially retained by the CEO for a 3-month assignment to turn around the purchasing department. Stayed for 2 contract extensions. Tasked to negotiate and re-negotiate contracts and devised a procurement strategy in.
• Outperformed $5M cost-reduction goal
• Delivered nearly $6M in annual cost savings

US

• I supervised the 6-member purchasing department and $20M budget. Developed cost-reduction strategies while managing purchase demands from every commodity used in manufacturing.
• Controlled inventory/procurement of 4K+ in electrical components.
• Exceeded CEO’s 8% cost-savings goal, achieving 12% savings within the first six months.

Palo Alto, CA, US

Prior Roles: Buyer & Procurement Coordinator, 1993 to 1996Promoted to supervising senior buyer to implement policies and procedures for Versatest’s Return Material Authorization (RMA) boards. Purchased components, boards, and materials for new prototypes.