Randy Ritchie Email & Phone Number

Seeking opportunities in procurement - strategic sourcing, commodity/category management, procurement engineering

• Collaborated with Supplier Quality in the new supplier/component release process, including compliance, sustainability and supplier performance• Led Cost Engineering activities, managed reporting of results within project team• Prepared routine legal correspondence, contracts and memoranda for attorney review and approval• Prepared correspondence, accounting and financial documents for analysis including cost benefit analysis• Key member of New Product Development and Project Engineering Teams (Cross-functional) - providing support and direction, reducing costs and providing value• Drove sourcing plans, led supplier selection and ensured adherence to the Business Procurement strategies• Drove early supplier involvement and identified cost drivers to influence design decision making and achieve target costing• Prepared correspondence, accounting and financial documents for analysis including cost benefit analysis

• Responsible for establishing and implementing a sustainable sourcing strategy, which included source selection, supply base rationalization and choosing suppliers for services and materials to meet the established requirements and goals• Developed and implemented plans to meet yearly total acquisition cost reduction goals in conjunction with sourcing strategy

• Responsible for overall supplier relationship strategically planning for, and managing, all interactions with suppliers in order to maximize the value of those interactions. • Managing assigned commodities/services, managing supplier development and meeting regularly for supplier business reviews, discussing performance, planning, pricing, future development activities and total cost reduction plans

• Directed/Managed Manufacturing, Purchasing, Inventory, Supplier Quality, and Shipping & Receiving• Led development of Supply Chain Organization, including staff development and creating strategies (sourcing, cost.) to align with department, operation and business unit with a focus on total cost of ownership• Managed projects outsourcing processes within operations, managing risks, costs/benefits and total cost savings over $1M USD per year• Managed and formulated a global market strategy and developed a strategic focus with the transfer of technology in China promoting lower costs, lead-time reduction, and increased customer satisfaction • Developed and implemented commodity and sourcing strategies that included e-Procurement, JIT, Vendor Managed Inventory and Supplier Relationship Management (SRM) tools• Developed / Implemented Commodity Analysis tools, procedures and processes using data analysis, Purchasing Indices and trends and various data to help determine commodity trends• Participated on Global Sourcing Teams coordinating efforts on reducing cost, leveraging suppliers, standardization, technology changes and overall market knowledge• Responsible for local / regional/ global contract management and negotiation of complex local & global contracts that addressed cost and performance• Created and implemented an e-Procurement system for indirect/MRO materials including e-Catalogs, reducing total costs, eliminating internal paperwork, improving accuracy, cycle time and control/visibility

Master Of Business Administration - Mba

Bachelor'S Degree, Business Administration, Management And Operations

Associate Of Science - As, Electrical Engineering Technology

Education record