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Procurement Savings is the single largest incremental funding mechanism to invest in growth. A procurement Transformation program is a great opportunity to drive Innovation and Ownership.CEOs appreciate that Procurement delivers sustained savings and mitigates risk as a strategic business enabler.CFOs look at External Spend Visibility to reduce SG&A vendor & Maverick spend and realize Savings to the bottom line. The Procurement synergy during Mergers is important as well.CIOs invest in procurement technology for digital transformation and save on categories like software, IT professional services and IT temp staffing.CPOs & Procurement organizations require Actionable Insights to make Intelligent decisions and Fact-based Inputs to collaborate with business/function for optimal sourcing & contract negotiation and drive value.However, there is a huge challenge with Spend data sitting in silos across ERPs, AP, T&E, Contract & Supplier management systems. A clean data set with Spend Visibility & Analytics empower procurement to realize Savings with enhanced Compliance.Happy to help! We are a boutique procurement technology & data analytics firm. I can be reached at +1 720-933-7192 or mike@proacure.com.
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Vp-Global Supply ChainJohns Manville May 2010 - Jan 2017Led team of 50 supply chain professionals to achieve cost out and other impactful business resultsSignificantly contributed to and led others in achieving savings to bottom line in excess of $20M per yearCreated and utilized Supplier Scorecards to track critical business results and interactions with key partnersSelected and deployed unique working capital solutions like Virtual Payment Card and Supply Chain Finance solutions to improve overall business working capital for the enterprise -
Vp-Gm Global Supply Chain And Aftermarket ServicesParkson Corporation Oct 2007 - May 2010Led team of 50 supply chain professionals in saving over $5M per year on a project based businessManaged operations and successfully outsourced last manufacturing operation in company saving bottom line cost of operations and improving customer service levelsOpened operations in Dubai office and served as Executive Project Manager to Saudi Aramco driving numerous projects to successful completion -
Six Sigma Sourcing DirectorJohns Manville Jan 2006 - Oct 2007Created and led unique cross-functional Six Sigma Sourcing teams to save over $50M in cost out in global business over 3 year periodInstituted global teams in key commodity areas providing a close link with all plants and suppliers for true bottom line savingsUtilized Supplier Score Cards to manage most strategic supplier relationships with executive levels at both supplier and Johns Manville -
Director, Strategic SourcingJohns Manville Nov 2003 - Dec 2005Changed from a centralized purchasing model to a Strategic Sourcing model across all business units to provide better alignment and realization of total cost out savings globallyPersonally negotiated and achieved savings in excess of $10M per year on key commodity areas including Petrochemical Resins, Mined Minerals, Packaging materials and ChemicalsInvited to become active participant in Global Innovation Council to provide full alignment on all key innovation projects across all business units -
Director Global Supply ChainGeneral Electric Company, Specialty Chemicals Sep 2001 - Nov 2003Morgantown, WvLed Supply Chain for $200M global business, including SIOP, customer service, sourcing, quality/six sigma and Transportation servicesNegotiated major petrochemical contracts for 24/7 continuous chemical production plants making NonylPhenol and many other phosphites like TPP, WPP, sourcing Nonene and PCL3 as key raw materialsManaged global scorecard for on time delivery statisitics utilizing six sigma tools and assigned black belt; successfully implemented on time SAP system as part of acquisition team with Crompton Chemicals
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Global Sourcing ManagerGeneral Electric Company, Plastics Sep 1999 - Oct 2001Pittsfield, Massachusetts AreaRecruited from GE Plastics operations in Mt. Vernon, IN to become Global Sourcing Manager for key commodities like Glass Reinforcements, FR Additives, and Chemicals with value in excess of $250M annuallySuccessfully negotiated annual contracts on key commodities resulting in savings of $20-$30M per year in all GE Plastics plants around the worldPromoted to Global Supply Chain Director in GE Specialty Chemicals leading a team of 40 in all areas of supply chain negotiating and saving $5-6M per year for total business and supporting shipments across the world with a rigorous six sigma On Time Delivery metric
Michael "Mike" Benedict Skills
Michael "Mike" Benedict Education Details
Frequently Asked Questions about Michael "Mike" Benedict
What is Michael "Mike" Benedict's role at the current company?
Michael "Mike" Benedict's current role is Chief Strategy Officer at Proacure - The (Data) Science of Procurement Cost Savings..
What is Michael "Mike" Benedict's email address?
Michael "Mike" Benedict's email address is michael.benedict@jm.com
What is Michael "Mike" Benedict's direct phone number?
Michael "Mike" Benedict's direct phone number is +130397*****
What schools did Michael "Mike" Benedict attend?
Michael "Mike" Benedict attended Indiana University Bloomington, Indiana Wesleyan University.
What are some of Michael "Mike" Benedict's interests?
Michael "Mike" Benedict has interest in Social Services, Children, Education, Poverty Alleviation, Human Rights, Animal Welfare.
What skills is Michael "Mike" Benedict known for?
Michael "Mike" Benedict has skills like Strategic Sourcing, Six Sigma, Supply Chain, Global Sourcing, Cross Functional Team Leadership, Supply Chain Management, Continuous Improvement, Manufacturing, Supply Management, Product Development, Sourcing, Lean Manufacturing.
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Michael Benedict
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Michael Benedict
Greater Seattle Area -
Mike Benedict
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Michael Benedict
Palo Alto, Ca5parc.com, geappliances.com, sunhydraulics.com, rios.ai, progress.com3 +150245XXXXX
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