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• Managed purchasing source shifting that provided for material cost savings, lower lead times, and improved logistical experience leading to less issues for the warehouse• Interfaced with Product Marketing and co-developed sourcing strategies, purchase forecasts, and target business plans

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 strategic activities in assigned categories of: Tape, Non-Barrier Films, Flexible Packaging, Release Liners, Specialty Chemicals and Adhesives, and Sterilization. Total annual spend in excess of $20 million.• 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.• Cross-functional leader in identifying suppliers with which to partner in the development of new products.• Partnered with the Supplier Quality team to establish a supplier audit schedule in order to ensure continued quality excellence.• Led the initiative to create a multi-faceted supply security plan for the company.• Developed an organizational portal that stored electronic documents and copies of global contracts for use by plant purchasing departments globally.• Crafted a partnership with Hollister’s New Product Development group that continues to lead to early Sourcing involvement and increased velocity to market.• Collaborated with the company’s packaging engineering group to reduce the overall spend on lidstock materials through the qualification of down-gauged materials leading to a 10% reduction in annual spend.• Provided leadership and solutions to maintain continued production when a catastrophic event occurred at a supplier’s plant.

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.• Reduced stock outs on both Purchased and Manufactured items by 80%.• Initiated weekly Production Meetings to improve status communication throughout the organization of all customer orders.• Created “kitting” program to expedite production orders from the stockroom to the production floor. This resulted in a reduction of leadtime of approximately 1 week.• Created and maintained inventory transfer process with our sister company in Lowell, MA. This program allowed for expedient transfer of materials to the necessary location, an issue that had previously resulted in several missed sales opportunities.

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 over $5 million.• 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 information. This reduced the material lead time without extending liability to Netcom.• 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%.