Gerald Fetterman
Coherent Corp
Chicora,PA
16
years of professional experience
Results-driven Senior Buyer experienced in supplier negotiations and procurement best practices. Achieved substantial cost savings through strategic negotiations and streamlined processes while enhancing inventory management and vendor performance. Focused on delivering high-quality products that meet consumer needs and optimizing operational efficiency.
Work History
Senior Buyer
15 Years 8 Months- Negotiated contracts with suppliers to secure favorable pricing and terms.
- Analyzed market trends to identify opportunities for cost savings and supplier diversification.
- Managed inventory levels to optimize stock availability and reduce excess.
- Collaborated with cross-functional teams to align purchasing strategies with organizational goals.
- Implemented procurement best practices to enhance operational efficiency and compliance.
- Developed and maintained supplier relationships to ensure quality and reliability of supply chain.
- Led vendor performance evaluations to drive continuous improvement initiatives.
- Streamlined procurement processes through the integration of automated tools and systems.
- Participated in continuous improvement initiatives, contributing ideas for more effective procurement processes.
- Achieved cost savings by implementing strategic sourcing and supplier negotiations.
- Developed strong relationships with suppliers, fostering collaboration and mutual growth.
- Optimized inventory management practices, reducing excess stock and minimizing carrying costs.
- Analyzed inventory usage and assessed trends to provide maximum coverage for each time period.
- Conducted thorough spend analysis to identify areas for potential cost savings and efficiencies.
- Enhanced supplier performance through regular evaluations and performance improvement plans.
- Reduced lead times by closely monitoring inventory levels and forecasting demand accurately.
- Leveraged data-driven insights to make informed purchasing decisions that positively impacted the bottom line.
- Evaluated supplier proposals objectively, selecting partners based on total value rather than just price alone.
- Oversaw and streamlined daily operations of purchasing department to maximize productivity and revenue.
- Managed vendor purchase order dispatch, delivery, and invoicing to set contractual guidelines and maintain budgetary regulations.
- Negotiated favorable contracts with suppliers, securing optimal terms and pricing structures.
- Led procurement team by training staff and overseeing purchasing decisions.
- Collaborated with cross-functional teams to identify opportunities for cost reduction and process improvement.
- Implemented risk mitigation strategies to minimize potential disruptions in the supply chain.
- Reviewed proposals, qualified vendors, and recommended optimal suppliers.
- Played an instrumental role in major project launches by managing all aspects of procurement from planning to execution.
- Dispensed purchase orders to suppliers with accurate pricing, deadlines and terms and conditions.
- Documented purchasing information in [Software] to maintain detailed and accurate records.
- Spearheaded efforts to ensure compliance with regulatory requirements and internal policies within the purchasing department.
- Managed a diverse portfolio of products, ensuring timely delivery and quality control.
- Determined lowest possible cost, factoring in quality and reliability, and negotiated favorable contracts.
- Maintained key item stock levels and wrote or expedited purchase orders.
- Collaborated with internal departments to better understand needs and determine purchasing requirements.
- Oversaw purchasing process from initiating requests to finalizing contracts to deliver a smooth transaction.
- Computed and created purchase orders to monitor stock levels, verify purchase requisitions, and expedite customer orders.
- Built long-term supplier relationships with vendors to establish quality and competitive pricing.
- Maintained complete documentation and records of all purchasing activities.
- Managed and maintained purchase orders and invoices.
- Established relationships with vendors to secure competitive pricing and discounts.
- Researched and identified new suppliers and vendors.
- Collaborated with sales team to identify and fulfill customer needs.
- Evaluated product quality and vendor performance to maintain quality standards.
- Created hands-on training program for newly hired employees to acclimate each person to company policies and procedures and individual job duties.
Education
General Studies
General Studies
General Studies
Skills
Supplier negotiations
Product procurement
Vendor negotiations
Purchase order management
Proficient in [software]
Supply chain optimization
ERP systems
Adept in [software]
Researching products
Pricing negotiations
Customer focus
Multitasking strength
Multitasking strength
Influencing skills
Timeline
Senior Buyer
Coherent Corp
12.2010 - CurrentRead More
Penn State Behrend
General Studies
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Penn State New Kendington
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BC3
General Studies
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