Michael Hancock

Michael Hancock Email and Phone Number

SVP - Senior Procurement Manager @ KeyBank
Cleveland, OH, US
Michael Hancock's Location
Cleveland, Ohio, United States, United States
About Michael Hancock

Procurement Leader with broad category expertise, unique ability to synthesize complex inputs into straighforward strategic insights, and a proven track record of managing large and small teams responsible for executing major enterprise initiatives

Michael Hancock's Current Company Details
KeyBank

Keybank

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SVP - Senior Procurement Manager
Cleveland, OH, US
Website:
key.com
Employees:
18543
Michael Hancock Work Experience Details
  • Keybank
    Svp - Senior Procurement Manager
    Keybank
    Cleveland, Oh, Us
  • Keybank
    Category Manager - Procurement Services And Operations
    Keybank Nov 2023 - Present
    Cleveland, Ohio, United States
  • Keybank
    Vice President - Procurement Manager
    Keybank Apr 2017 - Nov 2023
    Cleveland/Akron, Ohio Area
    I manage a team responsible for delivering value in the categories of Travel, Expense, Meetings & Events, Corporate Hospitality, Corporate Card, & Vendor Purchasing Card.
  • Odd Dog Coffee
    Owner/Operator
    Odd Dog Coffee Jan 2016 - Present
    Cleveland, Ohio, United States
    Entrepreneurial project - leveraging mobility, automation, renewable power, and other innovative technologies to operate a full service coffee shop on wheels while leveraging 21st century tech. Fast-casual service with an emphasis on quality branding, consistent quality and staff engagement as differentiator in a competitive market
  • Keybank
    Vice President - Senior Procurement Strategist
    Keybank 2010 - 2017
    Cleveland/Akron, Ohio Area
    -Lead team in executing sourcing strategy in the categories of Corporate Travel, Tickets, Meetings and Events-Led transformational Initiative in the design, development, delivery, testing, and business rollout of enterprise-wide Procure to Pay (P2P) solution-Executed conversion to new T&E Corporate Card product for 4,000 cardholders-Managed integration of commercial payment product into Accounts Payable process, allowing Key to issue supplier payments via virtual credit card-Optimized and matured corporate travel program, including the transition to a new Travel Management Company, delivering $3MM in savings over 3 years-Prior to 2013, managed Human Resources, Finance and Audit categories
  • Keybank
    Business Analyst - Corporate Procurement
    Keybank 2009 - 2010
    -Provide analytics on marketing, travel, entertainment, general and administrative spend, savings opportunity development, and partner with finance directors to ensure savings initiatives are accounted for by the receiving lines of business.-Designed savings tracking program and deliver regular training to procurement staff. Maintain subject matter expertise for company savings methodology of over $35MM and a 400% ROI annually.-Support Supplier Diversity annual planning effort to align enterprise targets based on historical trends, while coordinating multiple stakeholders to build a strategic plan.-Ensure regulatory compliance & risk management through quarterly control audits and as subject matter expert on TARP expenditure policies to support annual certification to the Board of Directors in partnership with internal audit.-Delivered numerous training seminars to improve department skills in Excel, PowerPoint, and Chart design, ultimately driving improved business and analytical accumen across the team.-Create semi annual presentation to CEO and executive team reporting high dollar and luxury entertainment expenditures.-Partnered with consultants and company executives in data mining and analysis for a corporate initiative that successfully implemented over $90MM in savings opportunities.
  • Keybank
    Finance Analyst
    Keybank Jul 2007 - Feb 2009
    Finance rotational program building skills on leadership, organizational agility, relationship building, financial modeling and analysis, accounting, and credit analysis. Training was followed by short term rotations:-Activity Based Costing--Applied activity based costing models to break down operational activities charged as intercompany expenses.-Reallocated $300MM expenses by performing time studies on retail branch transactions across 980 branches-Strategic Planning--Prepared economic, industry, and financial analysis for strategic plan presented to board of directors by Executive Management.-Created dashboard for CFO summarizing line of business profitability, supplementing capital allocation decisions at the executive level.-Corporate Tax--Prepared annual state income tax returns for multiple legal entities.-Reduced preparation time of 200 Grantor Trust tax returns from over two months to one week by creating a user input application.-Corporate Procurement--Prepared cell phone expenditure recommendation that ultimately resulted in corporate wide policy change and $0.7MM in estimated savings.-Consolidated courier supplier bids into financial model that projected future spend and estimated $0.3MM in savings.-Prepared executive presentation that demonstrated year over year performance of supplier diversity strategic initiatives.
  • The Little Tikes Company
    International Buyer - Finished Goods
    The Little Tikes Company Jul 2005 - Jul 2007
    -Effectively coordinated product managers, domestic engineers, and engineers in Hong Kong to develop and execute sourcing strategy for finished goods (Infant Toys and Trucks) manufactured overseas.-Coordinated the replenishment and delivery of raw materials.-Partnered with chemical engineering staff to develop savings initiatives for resin and pigment through competitive bidding.-Matured an alternative and recyclable materials supply program, driving sustainability initiatives while simultaneously reducing direct material costs.-Sourced strategic suppliers for alternative and recyclable materials with market supply constraints, while maintaining equitable pricing and efficient delivery.-Developed a dashboard database that rationalized the vendor base, provided sourcing category taxonomy on third party payments, and streamlined internal sourcing metrics.

Michael Hancock Education Details

Frequently Asked Questions about Michael Hancock

What company does Michael Hancock work for?

Michael Hancock works for Keybank

What is Michael Hancock's role at the current company?

Michael Hancock's current role is SVP - Senior Procurement Manager.

What schools did Michael Hancock attend?

Michael Hancock attended Bowling Green State University.

Who are Michael Hancock's colleagues?

Michael Hancock's colleagues are Kathy Doll, Abbie Ertz, Jacoby Stephens, Surya S, Josh Lyons, Saurabh Singh, Susan Masterson.

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