Summary
Work History
Education
Skills
Timeline
Generic

Daniel Royster, III

Combine,TX

Summary

An accomplished Senior-Level Leader with extensive experience in leading all global chemical sourcing, procurement, and product management, strategic planning and operations, with expertise in leading the entire process in the planning of commodities’ supply chain and procurement activities, inventory control, logistics and distribution, customs clearance, ensuring effectively-functioning processes to avoid costly delays and lost opportunities. A field-tested leader with an in-depth, comprehensive prowess in delivering transformational business results by optimizing resources, maximizing funds, and mitigating costs with expertise in interdepartmental coordination. An adept leader with expertise in implementing high-impact process improvements, lean methodology, and root cause analysis (RCA) that bolster overall efficiency.

Work History

Director Manufacturing Supply Chain

Mark Cuban Cost Plus Drug Company, PBC
07.2022 - 09.2024
  • Company Overview: MCCPDC is a 503B pharmacy providing access to safe, and affordable medicines
  • Its goal is to dramatically reduce costs and provide transparency in the pricing of drugs
  • Responsible for the complete supply chain process and function of the Mark Cuban Cost Plus Drug company manufacturing facility
  • All current activities include the purchasing, contract negotiations, and implementing supply chain agreements of capital equipment, active ingredients, chemical and laboratory supplies, and assets imperative for completing the MCCPDC manufacturing facility and its 503B compounding efforts
  • Responsible for creating processes and implementing procurement and quality practices to help minimize waste of material, inventory, and work-in-progress goods
  • Spearheaded the analyses of business trends, forecasting models, and strategies to implement Supply Chain initiatives
  • MCCPDC is a 503B pharmacy providing access to safe, and affordable medicines
  • Its goal is to dramatically reduce costs and provide transparency in the pricing of drugs

Vice President of Operations

Factor Medical Supply / Wells Pharmacy
01.2022 - 07.2022
  • Company Overview: Factor Medical Supply is a wholesale distributor that supplies a range of medical, chemical, and soft goods to support all purchasing and supply chain functions for all Well Pharmacy companies
  • Initiated a massive supply chain overhaul across all four Wells Pharmacies locations, revamping the entire supply chain process, contracts, suppliers, and change initiatives that have already provided dividends of $340K
  • Spearheaded massive contract renegotiation across all aspects, from personal protection equipment (Aramark and Prudential), medical devices, and most aggressively with our active pharmaceutical ingredients amongst Wells Pharmacy-approved suppliers
  • Initial result show promise with an overall discount increase across the board from 20% to 35% for all locations
  • Improved the level of inventory management and control, providing increase levels of replenishment in the ordering process across all locations
  • Worked toward, a fully functioning warehouse and distribution center as Factor Medical Supply that would supply complete ordering and inventory management
  • Factor Medical Supply is a wholesale distributor that supplies a range of medical, chemical, and soft goods to support all purchasing and supply chain functions for all Well Pharmacy companies

Supply Chain Manager

Empower Pharmacy
07.2018 - 12.2022
  • Company Overview: Empower Pharmacy is North America's most advanced compounding pharmacy
  • Spearheaded the analyses of business trends, development of strategies, and direction of all Supply Chain initiatives of a large and growing 503a and 503b pharmacy compounder
  • Coordinate purchasing, warehouse, production staff, and buyers on achieving/exceeding daily and monthly goals and quality and inventory objectives
  • Create and identify strategic supply chain partners and supply chain agreements
  • Create a supplier performance matrix, supplier performance, and relationship management process, emphasizing supplier risk mitigation
  • Assure the quality of all active pharmaceutical ingredients (APIs) that meet all cGMP regulations and FDA/ USP 503B guidance(s)
  • Assisted and helped develop SOP and Oracle
  • As a result, it stabilized production planning, lowered inventories, and established greater cohesion between sales, marketing, and Empower-approved supply chain partners
  • Responsible for creating processes and implementing procurement and quality practices to help minimize waste of material, inventory, and work-in-progress goods
  • Established supply chain channels with our commercial/ generic and API manufacturers, e.g
  • McKesson, Cardinal Health, and Amerisource Bergan
  • Implemented quality objectives, key performance indicators, external audits, and parameters in qualifying new supply chain partners with specifications, guidelines, and regulatory requirements
  • Efficiently managed contract negotiations, achieving cost savings of $2.7M YTD and $1M since the start of 2020
  • Empower Pharmacy is North America's most advanced compounding pharmacy

Purchasing Manager - Raw Material (Contractor)

Deloitte Consulting LLP
01.2018 - 07.2018
  • Company Overview: Deloitte Touche Tohmatsu Limited is a multinational professional services network
  • Oversaw sourcing assessment of the clients' raw material spending totaling over 50M (based on FY17 baseline spend)
  • Conducted a fact-based review to conclude potential opportunities to enhance the existing strategy and conservatively estimate the possible savings range
  • Identified potential new strategic partnerships, collaborations, and supply chain opportunities
  • Concluded with supporting evidence suggesting a conservative saving of between 3 to 6 % ($2M and $3M)
  • Identified Best-cost country/regions of supply alternatives
  • Launched a competitive RFP process with new suppliers
  • Established buying consortiums to aggregate volume/spend and enable fact-based negotiations
  • Established new competitive sourcing events
  • Managed/improved agreements and contracts
  • Deloitte Touche Tohmatsu Limited is a multinational professional services network

Product Manager, Industrial Cell Culture (ICC)

Irvine Scientific
01.2016 - 12.2017
  • Company Overview: Irvine Scientific Sales Company, Inc
  • Designs, manufactures and distributes cell culture media and medical devices
  • Analyzed current business and market trends for the Industrial Cell Culture (ICC) product line and developed, implemented, and established a successful strategic global marketing plan geared towards increasing revenues, sales, customer retention, and brand awareness for Irvine Scientific
  • The results showed the current 6% growth thus far on the recent return on investment of current corporate capabilities and custom campaigns
  • Collaborated with territory managers to review and establish manufacturing protocols and confidentiality as the customers' Contract Manufacturing Organization (CMO) in producing their custom powder media
  • Identified, evaluated, and recommended product development and or modification improvements based on market research, sales personnel and global market feedback, process improvement, and customer input
  • Established the supply chain criteria for Irvine Scientific's 'Operation of Excellence' program
  • Results provided a unified quality requirement for our suppliers in establishing Irvine Scientific as a high-quality contract manufacturing organization (CMO) of cell culture media for our customers
  • Responsible for the growth and commercialization of sales opportunities in California and Japan surrounding Irvine Scientific's new capital equipment, 'Large Volume/ Scale Blender' investment
  • Orchestrated the deployment of the most significant product line valued at $26M based on FY2016
  • Irvine Scientific Sales Company, Inc
  • Designs, manufactures and distributes cell culture media and medical devices

Education

Ph.D. - Global Leadership

Indiana Institute of Technology
Fort Wayne, IN
11-2027

Masters of Business Administration -

University of Redlands
Redlands, CA
09.2009

Skills

  • Leadership & Team Building
  • Strategic planning and Execution
  • Product and Project Management
  • Budget and P&L Management
  • Research and Analyses
  • Marketing and Sales
  • Training, Mentoring & Coaching
  • Contract Negotiations

Timeline

Director Manufacturing Supply Chain

Mark Cuban Cost Plus Drug Company, PBC
07.2022 - 09.2024

Vice President of Operations

Factor Medical Supply / Wells Pharmacy
01.2022 - 07.2022

Supply Chain Manager

Empower Pharmacy
07.2018 - 12.2022

Purchasing Manager - Raw Material (Contractor)

Deloitte Consulting LLP
01.2018 - 07.2018

Product Manager, Industrial Cell Culture (ICC)

Irvine Scientific
01.2016 - 12.2017

Ph.D. - Global Leadership

Indiana Institute of Technology

Masters of Business Administration -

University of Redlands

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Daniel Royster, III