Thomas (Tom) Sheridan Email & Phone Number

Gerlingen-Schillerhöhe, Baden-Wuerttemberg, DE

• Responsible for all North American regional sourcing activities related to third-party supplied branded products. Total annual spend in excess of $12 Million.
• Negotiated purchasing agreements for Oxygen Sensors, Corrugated Packaging, Graphic Linerboard Cartons, Printed Materials & Labels, Fuel Pumps, and Filtration Products.
• Created multi-departmental packaging obsolescence project providing estimated savings of $95k/year
• Championed efforts to eliminate the chaos associated with packaging releases, thus providing expedited product releases
• Led inter-company, multi-department projects that improved on-time performance of a key supplier to >95% from <70%
• Identified purchasing cost savings for the North American region during participation in global RFQ projects

Libertyville, Illinois, US

• World marketshare leader in Ostomy products, Continence Care, Wound Care, and Critical Care. Annual sales in excess of $1 billion internationally with manufacturing plants in five global locations.Responsible for all.
• Negotiated global contracts for raw materials and services affecting plants in 4 countries.
• Created and implemented an overall strategy for the Tape category that led to a 15% reduction in company spend.
• Identified and secured annual cost savings opportunities in excess of $3 million.
• Provided leadership and on-boarding education to the sourcing department of a new plant in India.
• Key leader and contributor in the creation of the strategic plan for the Global Strategic Sourcing Organization’s plan to meet the corporate strategic goals.

• Responsible for all procurement activities totaling over $1.5 million of annual spend, as well as the scheduling of all production orders. Directly supervised 1 individual and had 1 in-direct report.
• Reduced backorder status from over 3 months late to on-time. Also reduced general leadtime on new orders from 12 weeks to 4 weeks through the creative use of supply chain practices.
• Created Letter of Intent program with several key suppliers and generated approximately $25,000 in free cash flow savings.
• Streamlined procurement notification procedures and eliminated 2 weeks from total leadtime after order receipt.
• Established ROP program that reduced production leadtime by 50%.
• Implemented MRP module in existing system software.

Milwaukee, WI, US

• Responsible for all activities pertaining to assigned commodities: contract negotiation, purchase, scheduling, expediting, cost containment, documentation resolution, etc. Assigned commodities had an annual spend of.
• Generated over $100k of annual savings by negotiating a 3-year contract with a sole-sourced that was also the largest spend. The contract also provided for an additional 1% annual rebate when purchase targets were met.
• Achieved savings totaling $25k annually by identifying potential cost savings targets and the use of blanket orders and intent agreements.
• Reduced stock outs on assigned commodities from an average of 25 per month to 5 per month on assigned commodities.
• Obtained a cumulative supplier On-Time rating average of over 90%.
• Implemented Kanban program for high-usage and consistent demand programs with suppliers.

• Responsible for the sourcing and procurement of all electronic and related components with an annual spend in excess of $6.5 million.
• Negotiated material cost savings in assigned purchasing categories of over $425,000 in the course of eight months. This represents a cumulative reduction of 9% when compared to the previous purchase pricing.
• Obtained and maintained a supplier on-time rating of over 96%. On-time is defined as being "0 days early, 0 days late".
• Coordinated material scheduling with the planning group in order to achieve more economic order quantities and better scheduling of material.
• Represented the Materials Management department during installation and implementation of a new ERP system.
• Created a method for notifying suppliers of non-conformance with the shipping policies of Cummins-Allison. This enabled the on-time performance to increase by 10%.

• Directly responsible for the sourcing, evaluation, selection, and purchase of material in support of three manufacturing facilities (both domestic and international) with an annual spend in excess of $5 million.
• Produced an estimated $1 million annual reduction in inventory carrying costs by developing a schedule sharing program with selected suppliers allowing them to forecast their production based on our scheduling.
• Decreased monthly inventory carrying costs by $50,000 by directly managing all purchasing for an internal manufacturing department using a Kanban inventory system.
• Created Letter of Intent system in order to limit company liability while maintaining continued stock presence. This reduced orders with deliveries extended beyond the current quarter by 50%.