Michael Lockman Email & Phone Number

Aurora, Illinois, United States

 Managed inventory valued at $225MM and implementedinitiatives to reduce cost of inventory to drive profitabilityand cash flow. Established performance goals for ProcurementManagers and their Purchasing Teams and providedfeedback on methods for reaching those milestones. Worked closely with organizational leadership regardingSegment performance including Fill Rate, Turns, DIOH,and Obsolescence. Consolidated and centralized 4 Regional Purchasinggroups into a single Center of Excellence. Implemented Culture Change initiative that brought newunderstanding of ownership, responsibility andaccountability to the Managers and their teams.

Aurora, Illinois, United States

 Directed team of Buyers and Purchasing Assistants inday to day Inventory Management operations as well asachievement of yearly performance goals. Worked closely with organizational leadership regardingSegment performance including Fill Rate, Turns, DIOH,and Obsolescence. Generated monthly, quarterly and yearly reports onpurchasing operations. Worked closely with Sales Organization supportingmarket initiatives and key account management. Assessed areas of service concern and developedimprovement plans. Managed team through Purchasing Software Conversion

Aurora, Illinois, United States

 Analyzed Segment offering, identified Supplier and itemredundancies, and developed segment strategies. Negotiated with key Suppliers Total Cost of Ownership,built reciprocal relationships, and negotiated performancebased rebate programs. Developed implementation methodologies to drive skurationalization and product migration that supportedsegment strategy. Developed executive presentations and reports to informkey stakeholders and facilitate project evaluation andprocess improvement. Identified plans and resources required to meet projectgoals and objectives by setting realistic timelines andcheckpoints.

Chicago, Illinois, United States

 Managed Team that was responsible for product MasterData including costs, attributes and segment hierarchy. Sourced vendors, built relationships and negotiatedprices and volume rebates. Developed and initiated incentive and recognitionprograms for suppliers. Purchased new products and oversaw inventory stockingand availability. Adjusted procedures as needed to maximize departmenteffectiveness. Analyzed product offering, identified redundancies anddirected field to implement sku rationalization. Managed contract and rebate pricing. Managed receiving and billing issues.