David Pettitt
Marietta,GA
Summary
Purchasing/Supply Chain Director with expertise implementing procurement and sourcing strategies, guiding supplier selection, and facilitating negotiations. High-energy leader with deep supply chain and purchasing experience across diverse industries. Hands-on experience assuring compliance with internal standard operating procedures and US/international regulations. Effective contract negotiator with a focus on cutting costs, mitigating conflict and risk, and achieving profitability. Strong analytical, communication, interpersonal, and relationship building capabilities. Experience managing international teams and contract manufacturers.
Overview
16
16
years of professional experience
Work History
Director of Purchasing
Formetco, Inc.
01.2023 - Current
- Utilize expertise to create purchasing team from the ground up, reduce inventory, increase turns and generate cost savings across the supply chain
- Streamlined purchasing processes, reduced inventory by $5 million for this manufacturer
- Negotiated over $300K in savings across various spends including imported Chinese product, container freight and parcel, steel cable and travel categories
- Implemented Level of Approval PO process for audit, created buyer and inventory reports to manage current demand and slow-moving inventory, integrated long term sales forecasts into Far East purchasing plan
- Increased turns and reduced working capital requirements.
Supply Chain Manager
Emerson Electric - Cargo Solutions
01.2020 - 01.2023
- Leverage Kaizen methods to eliminate waste, improve productivity, and achieve sustained continual improvement in targeted supply chain activities and processes
- Spearhead special projects and execute product reworks to fulfill customer demand in fast-paced environment
- Partner with sales, QA, PM, engineering teams and the general manager to forecast sales, manage inventory, improve turns, monitor working capital, streamline component sourcing, and enhance international logistics
- Reimagined the electronics recycling processes leading to elimination of $1M in junk inventory and a 31% labor cost savings; enhanced employee skills by requiring HazMat materials handling certification to facilitate the process
- Coordinated daily activities for 13 direct reports (production associates and buyers) tracking and monitoring the delivery and distribution of IoT devices for a $72M division
- Led new S&OP planning for international markets and warehouses, chaired biweekly S&OP collaboration meetings
- Demonstrate leadership by empowering, training, motivating, and mentoring a high-performing team, increasing retention in high-turnover field
- Reclaimed space at three distributions centers, including China, decreasing inventory by 43% over 18 months
- Steered Chinese contract manufacturers towards efficient production and scheduling to drive success of new product launches.
Director of Purchasing
Accu-Tech Corp
01.2011 - 01.2020
- Brought onboard to turnaround an underperforming, 18-member purchasing department ($630M spend) and convert the cost center to a profit center; achieved profit within 12 months of hiring
- Coordinated a high-priority initiative to remove dead/obsolete/slow-moving product from inventory
- Recruited and hired the right personnel for key positions
- Developed and delivered engaging training in supply chain best practices
- Introduced a quarterly Purchasing Spirit award along with prizes and other incentives to boost morale
- Authored and administered purchasing SOX compliance standard operating procedures (SOPs), resulting in zero compliance audit issues nine years consecutively
- Attained inventory turn goals within 18 months for the first time ever in the company’s history, and every subsequent year thereafter
- Established freight, stock purchase, and stock transfer consolidation programs, achieving $1.4M in savings annually
- Improved purchase order efficiency 20% by emphasizing customer service and satisfaction in team training
- Mitigated risk, protected profits by influencing 94% of suppliers to sign Master Distribution Agreements, negotiating favorable product return/payment terms and freight claim avoidance
- Streamlined vendor contracts, stock requests, and dollar levels of authority by launching and continuously updating a sales portal, improving both sales and purchasing time management and productivity
- Effective hiring led to 14 purchasing team members winning the President’s Club trip award for top performance.
Director of Supply Chain
Tech Force LLC
01.2008 - 01.2010
- Directed end-to-end supply chain operations and cost savings for a 19-member purchasing and operations team
- Ensured consistent on-time delivery of products while optimizing costs and maintaining quality standards
- Slashed outsourced contractor rates 45% through aggressive renegotiation and development of new vendor sourcing, yielding a $600K in savings; also negotiated 20% savings for shipments to 50+ countries in spite of volume decrease
- Eliminated $250K in inventory taxes by reducing obsolete inventory and initiating a materials salvage program
- Reduced capital investment by creating real-time inventory cost valuation, depreciating inventory up to 40% faster than traditional methods based on market conditions
- Decreased material costs by an adjusted 30% within14 months through relationship building, supplier negotiations, and inventory control.
Education
Bachelor of Business Administration (BBA) -
University of Georgia
Skills
- Global Sourcing Strategies
- Lean Manufacturing
- MTO Contracts/Transportation
- Supply Chain Management
- Regulatory Compliance
- S&OP Planning
- New Product/Materials Sourcing
- Risk Management
- Problem-solving
- Key Performance Indicators (KPIs)
- Supply Agreements
- Decision Making
- Supplier Relationship Management
- Contract Negotiation
- Kaizen Initiatives
City
Marietta
State
GA
Activities
Professional Development Chair, 7, ISM Atlanta, Mentored and prepared supply chain professionals for certification exams.
Personal Information
Title: Certified Professional in Supply Management (CPSM), Certified Purchasing Manager (CPM), Certified Lean Six Sigma Green Belt
Timeline
Director of Purchasing
Formetco, Inc.
01.2023 - Current
Supply Chain Manager
Emerson Electric - Cargo Solutions
01.2020 - 01.2023
Director of Purchasing
Accu-Tech Corp
01.2011 - 01.2020
Director of Supply Chain
Tech Force LLC
01.2008 - 01.2010
Bachelor of Business Administration (BBA) -
University of Georgia
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