Thomas Loftis Email and Phone Number
Harnessing the transformative power of IT procurement and strategic sourcing, I am driven by the belief that innovative sourcing strategies are pivotal to propelling businesses forward. At the heart of my philosophy lies a commitment to lifelong learning and staying abreast of the latest IT trends and innovations. With a robust foundation in electrical engineering and an MBA, my expertise extends over three decades, specializing in IT cost optimization and procurement transformation. My career is marked by a proven track record in managing IT category spend exceeding $3 billion, navigating complex negotiations, and leading procurement transformations. My specialties include strategic sourcing, team and project management, and scaling practice development to support consulting business growth. Teaming and achieving alignment with cross-functional stakeholders has been instrumental in developing innovative solutions across IT Services, IT Infrastructure, Software, and Networking.My career has been punctuated by significant achievements that include executing strategic sourcing projects that delivered an average of $40 million in annual cost savings each year over 4 years in one situation. Another noteworthy accomplishment includes pioneering IT and business process outsourcing strategies that led to a remarkable $70 million cost reduction. Additionally, I have been recognized for my leadership abilities, exemplified by my role as a player-coach, to achieve an annual cost reduction of $23M in connection with a $1.2B, 10-year term outside processing agreement.These select accomplishments are a testament to my ability to drive strategic negotiations and manage a large body of large-scale, complex IT strategic Sourcing projects delivering impactful cost-out savings. My leadership has been recognized with prestigious awards, such as the Truist Bank's Performance Excellence Award and Dun and Bradstreet Software President’s Award, underscoring my cost reduction impact and excellence in business development and sales of consulting services.My goal is to leverage my extensive consulting and industry experience to help organizations navigate the complexities of IT strategic sourcing and procurement transformation. Whether through advising on best practices, championing procurement transformations, or partnering to develop and execute on cutting-edge strategic sourcing strategies, I am dedicated to making a measurable impact on your organization's bottom line and operational efficiency.
Colonial Pipeline Company
View- Website:
- colpipe.com
- Employees:
- 1095
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Principal Category ManagerColonial Pipeline CompanyAtlanta, Ga, Us -
Strategic Sourcing And It Procurement Internal Consulting Leader, Expert 1Pnc Jul 2014 - PresentPittsburgh, Pennsylvania, UsLed high-impact IT strategic sourcing and cost optimization projects, developed sourcing strategies, provided IT thought leadership, and client management, driving strategic negotiations and achieving significant sustained cost reduction.Spearheaded IT sourcing projects and managed cross-functional teams to deliver robust sourcing strategies and recommendations, ensuring alignment with clients' strategic objectives.Project managed procurement opportunity assessments, developing resulting sourcing roadmaps and project plans.Player-coach in client-management & project management ensuring effective delivery of project work & deliverables.Managed Strategic Sourcing managers using A.T. Kearney’s 7-Step Strategic Sourcing process including procurement opportunity assessments, surveys of global supply base, benchmarking and best practices, highly technical requirements definition, competitive events, contract negotiations and managed service support for bundled solutions consisting of new active-active Cloud-Native, Digital-First, Software-as-a-Service (SaaS); Data-as-a-Service (DaaS); Data Services; data streaming services & platforms; connectivity, network & web-services; cloud-native Application Program Interfaces (APIs) & reusable micro-services; Cloud service providers, cyber-security wrapper, business process outsourcing (BPO) services; and/or other Technology-as-a-Service (TaaS) into modern scalable IT solutions.Drafted and led negotiations of complex agreements (MSA, SOW) including supplier performance clauses, SLA/KPI constructs and metrics to motivate supplier sustained performance, and critical commercial terms and conditions.Led Strategic Sourcing managers in teaming and aligning with empowered senior vice presidents from multiple lines of business, IT architects, IT operations, business and IT outsourcing groups, Finance, Legal, Compliance, Risk and other stakeholders to develop and execute global category strategies and strategic sourcing projects -
Senior It And Outside Services Category Leader / First Vice PresidentTruist Oct 2010 - Jun 2014Charlotte, North Carolina, UsLed all the Bank’s large and complex strategic sourcing projects and drove supplier negotiations in partnership with Line-of-Business senior management, Legal, Operations, Compliance, Risk, IT Architects, Application Architects, IT Developers, Suppliers, and Project/Program Managers in connection with implementation and ongoing running of all lending technologies and lending processing solutions across the Bank.Led sourcing strategies and execution of all jumbo / large enterprise software deals across the global supply base.Player-Coach and directly managed Strategic Sourcing Managers and Supplier Relationship Managers for all IT infrastructure, software and related services in connection with the Banks’s top-50 critical suppliers.Led high-performing team of strategic sourcing managers, IT operations, IT architects, business operations, and legal personnel in strategic sourcing of IT and business process outsourcing to third-party services providers. One example: source image capture technology and services involving check scanners and multi-functional devices in 1,600 bank branches and 17 micro centers to significantly reduce courier and document delivery costs.Directed a team of sourcing managers in the execution of multiple concurrent strategic sourcing projects in connection with IT infrastructure, software, and related services to achieve cost reduction and operations optimization.Led the development and execution of category strategies, sourcing strategies, and contributing to practice development by creating deliverable content, tangible results database, and capturing reusable IT category knowledge.Developed IT infrastructure, software, connectivity, outsourcing and outside processing global category strategies, strategic sourcing strategies, negotiation strategies, and implementation plans. -
President And OwnerGreensmart Llc And Sunstate Electric Jan 2004 - Sep 2010Hands-on business development of Green Sustainability electrical contracting services for Data Centers, Medical Office Buildings, warehouses and other commercial & industrial facilities in the sourcing and installation of low voltage and medium voltage electrical distribution applications including energy management solutions, energy monitoring, power-usage monitoring, power quality and power-factor correction, surge-protection & power conditioning, sensors, lighting controls, energy efficient lighting upgrades, Uninterruptible Power Supplies (UPS), high efficiency power systems, solar off-Grid, audio / video solutions, load balancing and other green technologies as part of our customer’s integrated eco-strategies.Direct and managed 5 vice presidents for this 75 person Metro-Atlanta commercial and industrial electrical contractor.Player-coach of GreenSmart holding the Low-Voltage License, General Contracting Qualifying Agent License and LEED Accreditation for the companies. Grew the business from $5M to over $10M in top-line revenue.
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Managing Principal – Energy & Utilities, Procurement Transformation Consulting ServicesIbm 2000 - 2003Procurement Transformation and Source-to-Pay Consulting Leader
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Principal – Strategic Information Technology Consulting Practice. It Strategic SourcingKearney 1994 - 2000Chicago, Illinois, UsLed IT procurement opportunity assessments, development of sourcing wave plans / Play-Books which drove strong value propositions and solution selling of strategic sourcing and procurement transformation consulting projects for IT sourcing portions of the large enterprise-wide Strategic Sourcing projects.Working Leader and project manager across multiple, simultaneous client delivery IT sourcing project teams for consulting clients in the Financial Services, Energy,Oil & Gas, Utilities, CPG and other industries having large IT spend. -
Director - Global Oil & Gas Strategic Accounts - D&B SoftwareDun & Bradstreet Software Jan 1993 - Dec 1994Built and led an energy industry strategic business unit around ERP software and systems integration consulting services. Global Account Director/Client Partner responsible for global account leadership, marketing, solution selling, and full life cycle services management and sales supporting global and local country / regional team sales and delivery for the top 4 global Oil & Gas strategic accounts for the company.President's Award
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Senior Consulting ManagerAccenture 1984 - Jan 1993Dublin 2, IeOne of six highly experienced American expatriates assigned to build an Accenture Western Canada consulting practice in Calgary and Vancouver. Hands-on practice development, business development, sales, thought leadership, client delivery for systems integration services as an Oil & Gas subject matter expert. Recruited university level and experienced hires, led and reviewed their work, and contributed directly to their professional growth. After 6 years of practice development and client delivery, left a sustained consulting practice of 75+ Canadians experienced at all levels.
Thomas Loftis Education Details
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Mississippi State UniversityElectrical Engineering -
Mississippi State UniversityManagement And Finance
Frequently Asked Questions about Thomas Loftis
What company does Thomas Loftis work for?
Thomas Loftis works for Colonial Pipeline Company
What is Thomas Loftis's role at the current company?
Thomas Loftis's current role is Principal Category Manager.
What schools did Thomas Loftis attend?
Thomas Loftis attended Mississippi State University, Mississippi State University.
Who are Thomas Loftis's colleagues?
Thomas Loftis's colleagues are Zach H, Richard Calupca, Diona Richardson, Fred Mojica, Csm, Orren Roberts, Mba, David Turner, Kirt Sonnier.
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