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Executive Leadership Summary:As a seasoned VP, GHOP, and President, I bring extensive experience in FMCG manufacturing, procurement, and strategic planning. My expertise spans cost reduction, supplier management, business development, M&A, team leadership, and regulatory compliance. I excel in driving operational excellence, achieving cost savings, and delivering on strategic initiatives.Areas of Expertise:✦ FMCG Manufacturing: Extensive experience in fast-moving consumer goods manufacturing, overseeing operations and ensuring quality and safety standards.✦ Procurement: Proven track record in strategic sourcing, supplier management, and contract negotiations, resulting in significant cost reductions and improved supply chain efficiency.✦ Strategic Planning: Skilled in defining and executing key growth strategies to drive business performance and achieve organizational goals.✦ Business Development: Successful in identifying and capitalizing on new business opportunities, supporting product launches, and driving revenue growth.✦ M&A: Experienced in managing mergers and acquisitions, delivering synergy savings, and integrating new businesses seamlessly.✦ Team Training & Leadership: Strong leadership skills in building and developing high-performing teams, fostering a culture of accountability and continuous improvement.✦ Quality Assurance & Safety: Committed to ensuring product quality and safety standards are met through effective quality assurance practices.✦ Operations Management: Proficient in P&L management, operations optimization, and driving continuous process improvement initiatives.✦ Regulatory Compliance: Skilled in navigating regulatory requirements and ensuring compliance with industry standards and regulations.✦ Contract Negotiations: Expertise in negotiating contracts with suppliers, 3PLs, and contract manufacturers to achieve favorable terms and cost savings.✦ Procurement Tool Implementation: Experience in implementing procurement tools and systems to streamline processes and enhance efficiency.I am a transformative and metrics-driven leader, dedicated to driving tangible results and fostering a culture of teamwork and accountability. With a proven track record of delivering year-over-year savings and driving operational excellence, I am well-equipped to lead and inspire teams to achieve success in dynamic and challenging environments.
Spend Consulting Llc
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OwnerSpend Consulting LlcNorth Carolina, United States
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PresidentReynolds Asia-Pacific Limited 2019 - 2022Winston-Salem, North Carolina, United States• Executed the responsibilities as President and board member for RAP business; signatory for contract execution; administered financial audits and Board meetings• Directed activities in support of contract manufacturing partners and other service providers based in Asia for the production of new growth platform (NGP) products; qualification of tier 1 and tier 2 suppliers; negotiations of component pricing• Formulated approach to attain FDA compliance for Asia-based suppliers that included audits, training, and establishment of backroom activities when visited by the FDA
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Vp Head Of ProcurementReynolds American Inc. 2016 - 2022Greensboro/Winston-Salem, North Carolina Area• Initiated Spend Optimization (Finance partnership) and engagement strategies for Indirect categories; built spend taxonomy; established reporting and YoY growth forecast • Collaborated/developed key internal relationships to support ongoing “Blue-Sky” savings opportunities • Redefined savings definitions and methodology; implemented reporting system to improve credibility of numbers…partnership with Finance• Bolstered sourcing team's revenue generation capabilities, resulting in an increased target of $72.3M (2019) to an achieved synergy savings amount of $154.2M (2021) • Extended payment terms (WAPT) from 27 to 43 days between 2017-20, resulting in a cash release exceeding the target by $4M for a total of $109M• Strategized low-dollar sourcing option to offer a “Buy Desk” solution to stakeholders• Drove team collaboration within Global Procurement and established “Trusted Advisor” approach for Professional Services, Legal, Logistics, R&D, Trade, and Marketing to elevate the level of services provided by Reynolds Procurement• Trained the team on Category Strategies as a tool to build collaboration with stakeholders and outline short/long term strategies; engaged Global Procurement Strategy & Planning on implementation of “Skills Matrix”• Co-sponsor for Coupa implementation and SAP conversion post BAT integration; Tiered pricing negotiations and contract loading for core supply-base• Successfully Implemented Icertis CLM and migrated ~14K contract to new tool• Outsourced 90% of transactional activities and 80% of contract administration volume to Global Business Services (GBS) to reduce noise and allow Procurement to focus on sourcing & and cost savings • Completed initial assessment and implemented key policy changes (ABAC, Supplier Code of Conduct, Criminal Finances, GDPR, KNY, etc.)• Fully embedded Supply Risk Committee (SRC) philosophy in mitigating supply risk; completed commodity assessments, action steps, creation of critical supplier list -
Sr. Director, ProcurementReynolds American Inc. 2015 - 2016Greensboro/Winston-Salem, North Carolina Area• Led procurement activities for acquisition of Lorillard Tobacco; conceptualized the supply-base strategy to support migration to Reynolds process and procedures; modeled review of spend data; designed implementation of strategies to minimize risk and maximize savings; directed contract execution for new supply-base; delivered synergy savings of $16M• Achieved successful exit to BAT Japan business; developed communication plan to supply-base; directed the review of inventory levels, production schedule, and contingency plans; executed negotiations with supply-base to mitigate potential cost increase for domestic materials• Implemented project for MRO Optimization – business process mapping; identification of inefficiencies and redundancies in workflows and systems; identification of opportunities for higher level analytics in managing our spare-parts inventories• Drove implementation of Procurement Strategy; devised a plan for the 5 pillars of Procurement Roadmap – Vision/Mission; Value Proposition; Talent Development; Technology and 5-Year strategy plan; encouraged the involvement of the team in providing feedback on elements of the roadmap• Under my leadership the team became a trusted adviser to our stakeholders, delivering value by managing the supplier base, analyzing market dynamics, building negotiation tactics, and overall category strategies.• Initiated involvement of my team in budget meetings, category planning discussions, and initiatives that changed the perception of the Procurement team as highly valued and appreciated by key stakeholders. -
Director, Strategic SourcingReynolds American Inc. 2008 - 2015• Developed and implemented an Enterprise Spend Management (ESM) program that delivered an average of $16M in annual savings across indirect categories• Organized procurement activities on the Vuse Solo vapor project; established global and domestic supply chains to support the launch in 2013• Centralized indirect sourcing support for all regional locations in TN, NC, and NM. Implemented common Policies and Procedures across the procurement group. -
Sr. ManagerReynolds American Inc. 2004 - 2008Greensboro/Winston-Salem, North Carolina Area -
Sr. Manager, ProcurementBrown & Williamson Tobacco 1994 - 2004
Richard P. Weidman Mba, Cpm, Us Navy Veteran Education Details
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Transportation/Logistics & Production/Ops -
Finance
Frequently Asked Questions about Richard P. Weidman Mba, Cpm, Us Navy Veteran
What company does Richard P. Weidman Mba, Cpm, Us Navy Veteran work for?
Richard P. Weidman Mba, Cpm, Us Navy Veteran works for Spend Consulting Llc
What is Richard P. Weidman Mba, Cpm, Us Navy Veteran's role at the current company?
Richard P. Weidman Mba, Cpm, Us Navy Veteran's current role is Owner.
What is Richard P. Weidman Mba, Cpm, Us Navy Veteran's email address?
Richard P. Weidman Mba, Cpm, Us Navy Veteran's email address is we****@****jrt.com
What is Richard P. Weidman Mba, Cpm, Us Navy Veteran's direct phone number?
Richard P. Weidman Mba, Cpm, Us Navy Veteran's direct phone number is +133674*****
What schools did Richard P. Weidman Mba, Cpm, Us Navy Veteran attend?
Richard P. Weidman Mba, Cpm, Us Navy Veteran attended The Ohio State University Fisher College Of Business, Mercer University.
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