Thomas Loftis Email & 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.