Director, Strategic Sourcing
Cooper Hand Tools Division
Position created to improve and speed penetration into markets served while supporting organic growth through introduction of new profitable products sourced internationally while driving costs out of the legacy Supply Chain.Built a sourcing team responsible for outsourcing major product lines. Broad spectrums of foreign suppliers were identified and developed from Taiwan, China, India, Vietnam, Malaysia and Eastern Europe. Overall savings averaged 50% off variable costs.Lead 13 operations in reducing costs and lead-times within the Supply Chain.Established and led numerous global initiatives to increase competitiveness through hands-on strategic sourcing. Drove top line growth through the introduction of new products sourced internationally.Achieved a multimillion dollar incremental cost improvement year over year, despite record high global pressures on steel, plastics and oil.Reduced inventory levels of sourced finished goods by 40% through aggressive planning, logistics, including effective consignment inventory contracts with major Asian suppliers.Improved service levels through better planning, execution, lead-time reduction and inventory programs by focusing on a better understanding of the customers and the markets served.Initiated 135 reverse auctions averaging 15% cost reductions on direct and indirect spend.