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Business professional with over twenty years of progressive experience in Strategic Sourcing and Supply Chain Management. Proven performance and leadership in driving lowest total cost of ownership/value creation, efficiency and change throughout diverse industries, sizes, cultures and maturity.
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Director Supply Chain OperationsAmeren Mar 2021 - PresentSt. Louis, Mo, UsLead Supply Chain Operations - operational procurement, inventory management/optimization & warehousing/distribution. -
Director Of SourcingAmeren Mar 2012 - Mar 2021St. Louis, Mo, UsManage Sourcing and Supplier Relationship Management organizations, 5 direct reports, 48 total employees in centralized department, $2.5B of annual spend responsibility.Value Drivers: Sourcing Process Excellence, Supplier Relationship Management (SRM), Supplier Diversity, Category Management, Risk Management.Leverage: Rationalize Supply Base, Leverage Corporate Spend, Manage Supplier Risk, Operational Procurement Support, Contract ManagementGovernance: SOX - Compliance; FERC/NERC/NRC - Compliance; ICC/PSC – Prudency; Corporate Procurement Policy & Procedures -
Managing Supervisor – Generation & Ed CommoditiesAmeren Dec 2007 - Apr 2012St. Louis, Mo, Us- Development and execution of 3–5 year category strategies for generation and electrical distribution categories; wood poles, transmission structures, transformers, wire & cable, pole line hardware, plant MRO & consumables, chemicals, PE piping, plant services, sub-station materials, etc.- Developed strategic relationships with key material suppliers to drive significant year over year value.- Developed sourcing strategy in support of Ameren’s new transmission business unit. Launched three cross functional teams to create 3-5 year sourcing strategies for an incremental $500M material spend.- Annual savings achieved - 2008 - $5.0M; 2009 - $6.7M; 2010 - $11.0M, and 2011 - $17.0M.- Co-Team leader for the development, implementation, and maintenance of the sourcing process manual & toolkit to ensure consistent approach with the business units (regardless of spend category) and to institutionalize sourcing knowledge. - Team leader for the development and rollout of category forecasting models for ED materials.- Guided professional development of direct reports by creating job specific core competencies and efficiency levels, measuring individuals to those levels, then creating training plans to close the gaps. -
Director Of Supply ChainCoin Acceptors Jan 2007 - Dec 2007- Leadership of four Commodity Managers, Purchasing Manager, and three Buyers.- Restructured department separating tactical and strategic responsibilities in Supply Chain roles.- Developed and executed 3-5 year sourcing strategies for plastics, harnesses, PCBA’s, and coils.- Integrated Commodity Managers into new product development (NPD) process. - Lead outsourcing teams for injection molded plastics, shelf assemblies, and coils.- Lead Chinese localization effort for production moved from domestic plants to Coinco Suzhou.- Implemented two Chinese suppliers for harnesses resulting in $1.5M in landed savings (52%).- Implemented Chinese metal fabrication supplier resulting in $500K in total landed savings (30%).
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Director Of Low Cost Country SourcingHussmann/Thermo King (Climate Control Sector Of Ingersoll Rand) Aug 2005 - Jan 2007- Sector team leader for Operational Excellence – Low Cost Country (LCC) Sourcing process.- Developed 2 year sector LCC strategy including the addition and deployments of 6 project managers and the restructuring of the China based sourcing team. - Developed web based LCC project tracker, total landed cost model, and contracting procedures.- Drove localization process for sector plants located in LCC regions.
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Director Of Sourcing – Structural SystemsHussmann/Thermo King (Climate Control Sector Of Ingersoll Rand) Apr 2001 - Aug 2005- Responsible for Structural Systems categories – plastics, glass, insulation, fasteners, chemicals, and paint/finishing. $130M annual spend in 19 plants. - Provide leadership and professional development for three Global Supply Managers and one Strategic Sourcing Specialist.- Created individual performance metrics and reporting methodology to drive accountability.- Lead Structure Sourcing team in the development of 3-5 year sourcing strategies that aligned with corporate business strategies.- Developed low cost country sources for harnesses, fans, and multiple types of plastics. Harness supplier in China resulted in $1.5M (50%) landed cost savings. Multiple plastics suppliers developed in China resulting in 30%+ landed cost savings. Also developed injection molded and extrusion sources in Mexico. - Actual Hussmann net savings achieved within category responsibilities were $4.6M (6%) in 2002, $4.2M (6%) in 2003, $4.9M (5%) in 2004, -$2.28M in 2005 ($2.55M gross productivity & $4.83M inflation).- Team leader for Ingersoll Rand Plastics Center of Excellence (COE) team. $100M annual spend in seven business units.- Actual Corporate wide net savings achieved by the IR Plastics COE team were $4.9M (5%) in 2002 and $4.8M (5%) in 2003, $3.8M (4%) in 2004, $0.85M in 2005 ($2.93M gross productivity & $2.08M inflation).- Managed and coordinated internet auctions, lead and participated in multiple VA/VE projects, and was the sourcing representative on new product development teams for Hussmann.
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Corporate Purchasing ManagerCoin Acceptors Jul 1999 - Apr 2001- Managed Corporate Purchasing department responsible for $100M in annual spend supporting three plants. Nine direct reports - two Commodity Managers, two Senior Buyers, and five Buyers.- Reorganized Purchasing department by commodity and aligned resources to support commodity team approach.- Lead negotiator for major material contracts supporting strategic sourcing initiatives.- Created and implemented purchasing policies and procedures.- Developed commodity strategies for harnesses, electrical components, labels, packaging, printed circuit boards, and wire.- Negotiated ten major contracts covering $50M in annual spend resulting in $10M annual net savings.
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Global Commodity Manager & Senior BuyerMemc Electronic Materials Nov 1995 - Jul 1999St. Peters, Mo, Us- Developed and lead three global commodity teams – packaging, crystal, and wire saw consumables. $60M annual spend in seven plants. - Lead supplier negotiations and global material allocation.- Developed and implemented contracts for MRO and consumable commodities.- Procurement and inventory management for chemicals, filtration, and polishing pads.- Implemented second source chemical management program resulting in 75% on-site inventory reduction, $200K in cost savings, improved service to end users, and zero loss to improper storage/handling. -
BuyerBuckeye International Nov 1992 - Nov 1995Maryland Heights, Mo, Us- Procurement of chemicals, packaging commodities, and MRO.- Coordinated exporting of finished goods.
Todd Richter Skills
Todd Richter Education Details
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Lindenwood UniversityGeneral -
University Of Missouri-ColumbiaBusiness Logistics
Frequently Asked Questions about Todd Richter
What company does Todd Richter work for?
Todd Richter works for Ameren
What is Todd Richter's role at the current company?
Todd Richter's current role is Director - Supply Chain Operations at Ameren.
What is Todd Richter's email address?
Todd Richter's email address is tr****@****ren.com
What is Todd Richter's direct phone number?
Todd Richter's direct phone number is +131420*****
What schools did Todd Richter attend?
Todd Richter attended Lindenwood University, University Of Missouri-Columbia.
What skills is Todd Richter known for?
Todd Richter has skills like Cross Functional Team Leadership, Negotiation, Management, Strategic Sourcing, Change Management, Supply Chain, Supply Chain Management, Continuous Improvement, Global Sourcing, Team Leadership, Procurement, Purchasing.
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