Adapting to both MNC and local corporate culture, focusing on cross-regional management,cross-function, cross-border communication. Motivating and leading team members to achieve the goals. Rich experience in supply chain of stamping, electronic components, PCB, PCBA, injection parts, whole product outsourcing. Practical experience for international and domestic projects and product localization.Solid experience in cost control, good at using a variety of cost control methods with team to achieve the target. Strong learning ability with quick adaptation to new business areas.
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华东区采购经理苏州领裕电子科技有限公司Suzhou, Cn -
Procurement Manager苏州领裕电子科技有限公司 Jun 2020 - Present苏州市, 江苏省1Team management:Managing a team of 17 HC located in 2 offices, including teams of Supplier Development, Material Management and Modeling Outsourcing. Taking responsibility of purchasing from NPI to MP.Setting up department KPI targets, steering and evaluating the team member’s performance.Cascading and implementing the company and department strategy. Enhance and operation processes to improve the efficiency.Developing a training program to enforce the department capability.Shaping the talent program to develop different tiers of competence.Team building according to the company future strategy. Achievement: Reorganized the new functional structure from two locations.The on-time delivery for new projects hit 92% under high pressure of global supply chain issues.Developed 1 Supervisor and 2 Senior Purchasers and 1 High Potential Talent. 2Cost Savings: Developed cost down action plan for metal and plastics and unified the souring prices.Successfully organized the bidding process under the global supply chain issues Implemented the Just in Time strategy to different suppliers which saved the overall warehouse rental cost. Achievement: Achieved -11% overall cost down target.Hit the -8% down target under the Metal material cost increasing impact.Fixed the 2020 PS, PET material prices by bidding in late 2019.Completed price negotiations with 4 core suppliers with target of 3-5% down.Signed up annual cost saving rebate agreements with 21 suppliers. 3Supply China Management: Develop/implement the annual procurement plan. Formulate medium and long-term sourcing strategies.Setting up internal and external communication platform to enhance the partnership transparency.Develop strategic supplier and 2nd tier supplier mechanism to lower the supply chain risk.Achievement: Developed 4 strategic suppliers and 5 new suppliers,phased out 17 unqualified vendors. Over-achieved the on-time delivery target of 1H 2021.
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Procurement ManagerSuzhou Eman Biotech Co., Ltd Nov 2019 - May 2020Suzhou1Team management:Managing a team of 6 HC including buyer, SQE and warehouse keeper.Setting up department structure, KPI targets, steering and evaluating the team member’s performance.Participating in company management meetings to upgrade management level. Achievement: Optimized the procurement process with outcome of 25% down in terms of approval application.2Building up supplier pool:Develop/implement the new purchasing department strategy to support the company change (from a trading company to an IVD medical equipment supplier).Formulate and set up different suppliers’ pool under the ISO -13485 code.Develop potential suppliers according to a new strategic grouping strategy.Achievement: Developed 8 strategic suppliers from different business areas.Signed up one alignment agreement with one medical robotic supplier. Developed one-time low cost material procurement and application process.3Sourcing/Cost Savings: Developed cost down action plan.Developed and implemented the onboarding and supplier evaluation system according to the new business area code ISO 13485.Set up the FIFO and process to manage the lifetime cycle management efficiency. Developed and implemented the warehouse upgrading process. Achievement: On boarded new strategic suppliers and achieved 18% cost down.Completed soft & hard documentation for 43 suppliers.Cut 1/3 of the inventory by implementing the life-cycle management.
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Sourcing Supervisor, Global Lead Buyer—IeWeidmueller Interface (Suzhou) Co., Ltd Mar 2011 - Aug 2018Suzhou, Jiangsu, China1Strategic Sourcing: Develop/implement the annual procurement plan.Formulate medium and long-term global sourcing strategies;Leading 3 HC in different countries, regularly reviewing the KPIs of each buyer, Optimize the global supplier structure, and initiate the resources of the global teams to jointly achieve the KPI objectives.Achievement: Developed five years sourcing strategy of IE switch.In 2018, developed global supplier optimization plan and implement it as planned.Over-achieve the global cost reduction target in 2017. Completed 3 global, 4 local, 8 CSA, 4 localization projects.2Cost Savings: Develop action plan for cost down, reach annual target by means of negotiation, agreements in contract, price structure analysis, cost-saving workshop, projected base price negotiation, re-design. Achievement: Developed 5 years’ sustainable targets, the AVG saving rate is 2.89%, in 2016, 2017 personal achievement was the key input for the whole company’s cost-saving (46%, 32% respectively).3Procurement Management: In charge of various categories from the whole device outsourcing (IE switch, power terminals, hand tools, enclosure, labels, harness cables harness) to raw materials used in power supply, interface board, isolator such as IC, diodes, resistors, capacitors, connectors, PCB, PCBA, etc. Familiar with the supply pool, components knowledge, supply channels. Assist R&D to recommend 2nd source in the design-in phase. Familiar with the cost structure, analysis the product cost. Optimize the sub-contractors’ resources, control the cost is whole supply chain. Achievement: Consolidated 14 low volume vendors to 3 key sub-suppliers channel. Optimize the key components price among sub-contractors.In 3rd generation power supplier project, recommend MFG brand of resistors, capacitors, connectors in design-in phase. Analysis the power supply product cost structure and optimize the costed BOM.
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Sourcing EngineerWelco Technology (Suzhou) Co., Ltd Sep 2006 - Oct 2010Suzhou, Jiangsu, China1 Supply Development: responsible for the supply development and maintenance of diodes, capacitors, resistors, inductors, PCB, plastic parts, metal parts and so on.2 Bidding and NPI: In charge of inquiries, price comparison, new source development for new bidding projects. Follow the NPI process to complete new projects. Finished more than 80 Biddings and 15 NPIs.3 Supply Chain Management: Negotiate VMI, payment term, analysis the purchase channel and implement supplier consolidation, localization. Focus on yearly cost down and achieve average 3%~5% savings.
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Material Control CoordinatorAsus Computer (Suzhou) Co., Ltd Feb 2004 - Aug 2006Suzhou, Jiangsu, China1 Order Management: Responsible for IC, diode, PCB, connector. According to MRP to release order, follow the material and adjust the demand plan in a timely manner.2 Inventory Management: Responsible for VMI inventory , management of inventory turnover.3 Department Material Coordination:Summarize whole materials status in department., set up shortage report to customers, supervision of the purchaser to complete the material procurement plan, co-work with RD and PC to optimize BOM or production Plan.
Coco Wang Education Details
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Gpa3.86 -
Gpa3.86 / Triple A Student / Excellent Graduate Student -
Triple A Student
Frequently Asked Questions about Coco Wang
What company does Coco Wang work for?
Coco Wang works for 苏州领裕电子科技有限公司
What is Coco Wang's role at the current company?
Coco Wang's current role is 华东区采购经理.
What schools did Coco Wang attend?
Coco Wang attended Mcgill University, Zhejiang University, Lanzhou Commercial College.
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