Rick Hidvegi Email and Phone Number
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A results-oriented MBA professional with experience in Technology and Office Core products with multi channel exposure from wholesaler to reseller. My portfolio of expertise includes, e-commerce merchandising, private brand development, vendor management, strategic sourcing and operations. I am a creative thinker who finds solutions to overcome obstacles with a strong track record of achieving results which covers building and executing business plans, leading and mentoring associates while delivering on financial targets that optimize the organization’s bottom line.Recent Accomplishments-Trained 5 different outsourced roles as a result of Business Process Optimization journey from ground level to become proficient in their roles within 12 months in 2022.-Negotiated direct vendor cost savings that resulted in greater than 1.2M annual savings for 10 consecutive years between 2014-2023.-Visionary for the development of the GrandandToy.com Technology product Offering, launched in July 2013.
Seccan Inc.
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Purchasing DirectorSeccan Inc. May 2023 - PresentMississauga, Ontario, CanadaLead national procurement plan to optimize inventory turns and minimize excess inventories. Implement merchandising go to market strategy for key product categories to grow customer segments and position Seccan as a security hardware and solutions market leader. Responsible for coaching and developing the purchasing organization.Inventory Management: -Improved purchasing process that reduced inventory $3M.-Launched overstock and clearance on line capability to disposition underperforming inventory.
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Sr Manager Strategic Sourcing And Merchandise OperationsGrand & Toy Jan 2022 - Mar 2023Vaughan, OntarioA multidimensional, new Merchandising role responsible for leading, mentoring and coaching 3 teams. Strategic Sourcing, Merchandise Operations and Business Analytics. Led Private Brand Strategy to build the assortment, increase pentration and drive profitability. Strategic Sourcing: Developed practice that resulted in 500K and 2M+ product cost reductions from suppliers to the organization for fiscal 2022 and 2023 respectively.-Implemented cadence to track commodity price trends, leveraged decreasing commodity trends to negotiate price roll back on 20+ supplier price increases in 2022-2023.Strategy: Led Private Brand initiatives, identified categories of focus and collaborated with key stakeholders to execute strategy and facilitate speed to market. Steered 20-40 private brand products to market annually. Improved penetration of Private Brand products by 300 BP across key categories, while increasing profit margins by 400-500 BP.Operational excellence: Led 8 member team responsible for delivering tasks and services to eliminate redundancies and streamline Merchandising support and business analytics to provide insightful reporting and KPIs to support strategic decision making by Merchandising leadership. -
Merchandise Manager, Office Supplies And TechnologyGrand & Toy Jun 2014 - Dec 2022Vaughan, OntarioResponsible for establishing a one-three year strategic and tactical direction for Office Products and Technology categories.Drive better merchandising strategies by improving both national and private brand assortment to build e-commerce traffic and grow share.Ultimately responsible for driving savings or cost improvements by optimizing vendor contracts and sourcing negotiations. Ongoing coaching and mentoring team of 7 associates to prepare them for the next journey of their career.Growth: Advanced profitability and customer penetration by 20% annually, with 60% margins, by collaborating with global sourcing team to launch private brand products.E-commerce Strategy: Identified growth categories that included a curated assortment that targeted b2b audience, increased order conversion by 15%. Vendor Procure to Contract: Successful execution of contract and program negotiations fueled $2M - $4M annually in incremental vendor income profits since 2014.Savings: Negotiated $600K to $1.2M in annual savings since 2014 by leading complex sourcing negotiations with category management team.Project Management: Led office supply wholesaler Drop Ship EDI integration with e-commerce platform. Strategic category and product assortment selection soared revenues from 2M to 4M.
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Director Of Merchandising, Technology ProductsGrand & Toy Jun 2010 - May 2014Vaughan, Ontario, CanadaAccountable for developing and executing the Technology portfolio business plan and go-to-market strategy. Coached and mentored a team of 10; 7 category management and 1 each marketing, sales and operations staff. Leveraged an omni channel (retail, e-commerce and direct sales) strategy to grow top line revenue with a particular emphasis on B2B sales.Top Line Revenue Growth: Executed the Technology category business plan, amassed $120M in revenue with 20%+ margin with 7 member category manager team.Technology Go to Market Strategy: Collaborated with marketing to provide sales teams the tools to position the Technology value proposition with their customers. Enabled sales to lead with Technology and uncover new opportunities. This helped grow top line revenue 5-10% annually. Developed Endless Aisle for Tech: Spearheaded product data amalgamation from 3 technology wholesalers to integrate technology assortment with e-commerce platform, building revenue growth by 12%, 15%, and 17%, respectively, for 3 years after launch. Bottom line Profits: Generated $1.3M in additional annual bottom line vendor income (2011–2016) with the development of a new Technology MDF program.
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Sr Manager, Vendor Analytics It Strategic SourcingLoblaw Companies Jun 2008 - May 2010Mississauga, OntarioSupporting the IT Vendor Management team, a start up department within the IT division where the focus was to develop and implement standard operating processes, vendor management performance governance initiatives and standardize IT sourcing strategy and optimizing vendor spend through RFX initiatives.Vendor Governance: Developed centralized SharePoint portal as the primary repository to store all supplier contracts. Mitigating risk and exposure associated with the contract management process and compliant with internal audit business control requirements.Operations Analytics: Introduced indirect spend reporting and analytics and led to IT sourcing strategy to optimize $250M annual IT spend.Proposals: Facilitated several multimillion-dollar RFx initiatives, including $10M network infrastructure upgrade proposal for 22 distribution network locations. -
Director Of Purchasing & Vendor ManagementIngram Micro May 2004 - May 2008Mississauga, OntarioAccountable for $2.4B annualized inventory and associated working capital metrics of 400+ IT vendors, managed the vendor P/L for $500M annualized revenue that delivered 3% contribution margin. Led and developed a team of 30 professional buyers and product managers focused on maximizing profitability and procurement-supply chain efficiencies.Accountable for 200M of owned inventory on a monthly basis. Improved inventory turns by 3 days as a result of reducing inventory levels by 20M a month without impacting revenue.Responsible for submitting monthly forecasting for inventory turns, purchase discounts and rebates, excess and obsolete. Applied collaborative forecasting process that incorporated trending, historical data points and input from business owners. Forecast achieved 95% accuracy on a regular basis.Implemented marketing and business development strategies and high level engagement that delivered 15% annualized revenue growth within a $500M vendor portfolio.Restructured buying organization, optimizing resource efficiency while reducing department OPEX by 10%; responsible for a $20M annualized cost centre budget. -
Sr Manager, Sales OperationsIngram Micro Feb 2000 - Apr 2004Mississauga, Ontario, CanadaManaged a team of 12 associates in pricing, sales planning, analysis and inventory allocation management. Provided productivity tools and timely information that assisted business planning and pricing in order to drive company growth while maximizing profitability. Prepared annual divisional revenue and margin plans to support company target in excess of 2B annually. Prepared sales quotas for a $2B sales organization that consisted of 250 sales representatives.Reduced duplication of effort and OPEX by 5% implementing on-line, self serve reporting.Set quarterly targets focusing on reducing leakage associated with customer margin components, reducing margin leakage by $300K to $500K.Developed demand analysis tools to monitor profit growth plans with the ability to initiate on the fly adjustments to pricing strategies. This process helped strengthen Q4 2003 margin by 20 basis points.Three times recipient of Ingram Micro’s President’s Club award; 1999, 2001 & 2002.
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Pricing ManagerIngram Micro Sep 1998 - Apr 2000Mississauga, Ontario, CanadaDirected a team of analysts to manage pricing communication of 500,000 unique part numbers to 6,000 active customers. Implemented pricing strategies to deliver maximum revenue growth while optimizing bottom line profits.Developed pricing strategies that gained the sales organizations' confidence and delivered 20-30 basis points of incremental profit. Designed pricing module to manage over one million pricing algorithms.Created a collaborative forum with stakeholders to track vendor volume incentive rebates and variances. Decisive actions were made quickly to pivot sales/marketing tactics top optimize rebates.Implemented cost reducing strategies by discontinuing monthly price book publications that resulted in a $700K annual cost saving.Designed micro cost uplift strategy in 2000 which annually accrued $5M incremental profit dollars.
Rick Hidvegi Skills
Rick Hidvegi Education Details
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Business Administration -
Anthropology
Frequently Asked Questions about Rick Hidvegi
What company does Rick Hidvegi work for?
Rick Hidvegi works for Seccan Inc.
What is Rick Hidvegi's role at the current company?
Rick Hidvegi's current role is Talented individual with a track record for overcoming obstacles by leveraging creative solutions. Experience in product merchandising, strategic sourcing, managing and mentoring associates..
What is Rick Hidvegi's email address?
Rick Hidvegi's email address is ri****@****ell.net
What is Rick Hidvegi's direct phone number?
Rick Hidvegi's direct phone number is +141639*****
What schools did Rick Hidvegi attend?
Rick Hidvegi attended Mcmaster University, Concordia University.
What are some of Rick Hidvegi's interests?
Rick Hidvegi has interest in Children, Economic Empowerment, Politics, Environment, Science And Technology, Disaster And Humanitarian Relief, Animal Welfare.
What skills is Rick Hidvegi known for?
Rick Hidvegi has skills like Vendor Management, Strategy, Sales Operations, Management, Business Development, B2b, Forecasting, Leadership, Solution Selling, Sales Management, Team Leadership, Business Planning.
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