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Old Mill Sourcing Solutions, Llc
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Ted Smith Email & Phone Number
Accomplished Procurement Leader | Expert in Indirect Sourcing & Strategic Sourcing | Driving Operational Efficiency & Cost Optimization
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Old Mill Sourcing Solutions, LLC
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Role
Accomplished Procurement Leader | Expert in Indirect Sourcing & Strategic Sourcing | Driving Operational Efficiency & Cost Optimization
Location
Pittsburgh, Pennsylvania, United States
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Ted Smith is listed as Accomplished Procurement Leader | Expert in Indirect Sourcing & Strategic Sourcing | Driving Operational Efficiency & Cost Optimization at Old Mill Sourcing Solutions, LLC, based in Pittsburgh, Pennsylvania, United States. AeroLeads shows a matched LinkedIn profile for Ted Smith.
Ted Smith previously worked as Director, Indirect Procurement at Giant Eagle and Sr. Manager, Purchasing Operations at Giant Eagle. Ted Smith holds Bachelor Of Science (B.S.), Economics from University Of Dayton.
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Old Mill Sourcing Solutions, LLC
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About Ted Smith
Experienced procurement professional with a history of working in manufacturing and retail. Skilled in leading procurement transformation, strategic sourcing, change management, and spend optimization.๐ผ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ๐บ๐ฒ๐ป๐ ๐ ๐ฎ๐ป๐ฎ๐ด๐ฒ๐บ๐ฒ๐ป๐ ๐๐ ๐ฝ๐ฒ๐ฟ๐๐ถ๐๐ฒWith 15+ years of experience, I excel in driving cost optimization and process improvements across the procurement lifecycle. I lead strategic sourcing initiatives, negotiate high-impact supplier contracts, and consistently deliver savings. My expertise in managing sourcing functions ensures alignment with organizational goals, optimizing operational efficiency and generating significant financial impact.๐ ๐๐ป๐ฑ๐ถ๐ฟ๐ฒ๐ฐ๐ ๐ฆ๐ผ๐๐ฟ๐ฐ๐ถ๐ป๐ด ๐ฎ๐ป๐ฑ ๐ฃ๐ฟ๐ผ๐ฐ๐๐ฟ๐ฒ๐บ๐ฒ๐ป๐ ๐๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐๐ต๐ถ๐ฝSpecializing in indirect sourcing, I have transformed procurement infrastructures and led initiatives that have consistently achieved $10M+ annual savings. I excel in negotiating supplier contracts, improving cash flow through payment terms, and enhancing supplier diversity. My ability to leverage market insights and performance metrics ensures the effective sourcing of goods and services to support business operations.๐ ๐๐ป๐๐ฒ๐ฟ๐ฝ๐ฟ๐ถ๐๐ฒ ๐๐ฒ๐ฎ๐ฑ๐ฒ๐ฟ๐๐ต๐ถ๐ฝ ๐ฎ๐ป๐ฑ ๐ง๐ฒ๐ฎ๐บ ๐๐ฒ๐๐ฒ๐น๐ผ๐ฝ๐บ๐ฒ๐ป๐ I am a dedicated enterprise leader with a proven ability to develop high-performing teams and drive organizational success. By fostering collaboration and continuous improvement, I guide teams through complex challenges, ensuring alignment with business objectives. My leadership focuses on mentorship, enabling teams to grow professionally while achieving sustainable results for the enterprise.๐๐๐ฌ ๐๐๐๐๐๐ฉ๐๐ ๐๐ก๐ง๐ฆโ Reengineered Sourcing Infrastructure: Modernized Giant Eagleโs procurement infrastructure for indirect goods, delivering $10M+ in annual P&L impact.โ Optimized Cash Flow: Introduced a discounting platform that generated $4M in cash discounts in the first year.โ Built Supplier Diversity Program: Established a supplier diversity program, increasing spend with diverse suppliers through strategic goal-setting.โ Streamlined Procurement Policies: Implemented procurement policies and a contract signing authority matrix governing $1B+ in annual spend.โ Improved Contract Management: Deployed a SharePoint-based contract management system for 1,700 contracts, improving compliance and efficiency.โ Led Utility Hedging Strategy: Managed $58M annual budget for natural gas and electricity sourcing, driving risk mitigation and cost control through strategic hedging.
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5 roles
Ted Smith work experience
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Director, Indirect Procurement
Current- Strategic Procurement Leadership: Reengineered and modernized purchasing infrastructure and strategic sourcing for indirect goods and services (GNFR), delivering transformative results across spend categories.
- Cost Optimization & Financial Impact: Spearheaded savings initiatives that consistently drove $10M+ annual P&L impact through negotiation, cost reduction, and process improvements.
- Payment Terms Optimization: Launched a dynamic discounting platform that generated $4M in cash discounts within the first year, enhancing cash flow and improving supplier relationships.
- Category Strategy Development: Led end-to-end strategic sourcing initiatives in collaboration with stakeholders, managing all external supplier negotiations and ensuring alignment with organizational objectives.
- Spend Visibility & Control: Developed and implemented a comprehensive source-to-pay infrastructure, increasing controllable spend by $360M and enhancing enterprise-wide spend visibility across retail, warehouse, and.
- Supplier Diversity Program: Established and managed a supplier diversity initiative, increasing spend with diverse suppliers through strategic benchmarking and goal-setting.
Sep 2014 - Present
Sr. Manager, Purchasing Operations
- Streamlined Sourcing Strategies: Developed and implemented efficient category management strategies to optimize procurement processes and achieve cost savings.
- Fostering Supplier Excellence: Conducted supplier negotiations and established performance metrics, ensuring quality and on-time delivery.
- Driving Market Insights: Performed comprehensive market analysis and benchmarking to forecast price trends and identify cost-reduction opportunities.
- Operational Innovation: Improved process efficiency and operational performance through ERP systems and procurement tool integration.
- Ensuring Contractual Compliance: Managed supplier contracts with a focus on risk mitigation and securing favorable terms.
Sep 2010 - Aug 2014
Director, Indirect Sourcing
- Strategic Procurement Leadership: Directed non-merchandise procurement activities, aligning strategies with corporate objectives to enhance cost-effectiveness.
- Enhancing Cross-Functional Collaboration: Partnered with internal teams to identify procurement needs, implement standardized processes, and drive alignment.
- Building Vendor Partnerships: Negotiated high-value contracts and cultivated robust supplier relationships to meet organizational goals.
- Driving Process Improvements: Introduced innovative sourcing methods and technologies, optimizing supply chain performance and reducing costs.
- Leadership Development: Mentored and led procurement teams, fostering high performance and professional growth.
Jun 2006 - Aug 2010
Strategic Sourcing Manager
- Strategic Sourcing Expertise: Spearheaded indirect procurement strategies, delivering cost savings in categories like marketing, IT, and facilities management.
- Supplier Performance Optimization: Developed supplier performance metrics and conducted reviews to ensure adherence to service-level agreements.
- Aligning Procurement with Business Needs: Collaborated with internal stakeholders to tailor procurement strategies that supported corporate objectives.
- Leveraging Market Intelligence: Conducted research to identify new sourcing opportunities and strengthen competitive positioning.
- Championing Technology-Driven Efficiency: Implemented data-driven approaches to enhance procurement efficiency and transparency.
Feb 2004 - May 2006
2 education records
Ted Smith education
Bachelor Of Science (B.S.), Economics
University Of Dayton
Education record
Fox Chapel High School
FAQ
Frequently asked questions about Ted Smith
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What company does Ted Smith work for?
Ted Smith works for Old Mill Sourcing Solutions, LLC.
What is Ted Smith's role at Old Mill Sourcing Solutions, LLC?
Ted Smith is listed as Accomplished Procurement Leader | Expert in Indirect Sourcing & Strategic Sourcing | Driving Operational Efficiency & Cost Optimization at Old Mill Sourcing Solutions, LLC.
Where is Ted Smith based?
Ted Smith is based in Pittsburgh, Pennsylvania, United States while working with Old Mill Sourcing Solutions, LLC.
What companies has Ted Smith worked for?
Ted Smith has worked for Old Mill Sourcing Solutions, Llc, Giant Eagle, American Eagle Outfitters, and Hj Heinz.
How can I contact Ted Smith?
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What schools did Ted Smith attend?
Ted Smith holds Bachelor Of Science (B.S.), Economics from University Of Dayton.
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