Jennifer Iacovelli
Summary
Seasoned global purchasing manager with 15+ years in purchasing, supply chain and production planning in the Off Road and Healthcare industries. Jennifer is a top performer focused on strategic development and deployment of global strategies with key partnerships delivering bottom line results. Jennifer is passionate about leading with transparency and consistently providing innovated ideas and sustainable solutions to difficult problems. She believes strongly in individualized people development and mentorship.
Overview
18
18
years of professional experience
Work History
Parts Purchasing Global - Oil, Lube & Filtrations
CNH Industrial
12.2020 - Current
- Responsible for $390M global revenue annually with a dual role for global Oil, Lubricants and Filtrations as well as regionally responsible for Parts & Service aftermarket North America.
- Strategic Thinker: led the development and deployment of global strategies for oil, lubricants, filtration
- Managing the renewal of global oil contract and #1 selling product, works closing with global marketing and ship direct programs
- Lead a team of 6 regional buyers and global cross functional teams ensuring alignment and flexibility to market trends, regional requirements and customer focused solutions.
- Excellent communication skills; breaks down complex subjects in to simple, effective communications and presentations
- Established strong partnerships with strategic suppliers, improving customer driven solutions, bottom line results & innovative initiatives.
- Developed contingency plans for disruptions in the supply chain due to unforeseen circumstances such as natural disasters or political instability .
- Provides individual coaching and training sessions for direct staff members on purchasing best practices, negotiation techniques, supplier management and contract management skills.
- Negotiated favorable pricing with suppliers, resulting in significant cost savings for the company.
- Contributed to the company's sustainability efforts by identifying eco-friendly suppliers and promoting environmentally responsible procurement practices.
- Worked closely with engineering teams to source materials that met strict technical requirements while remaining cost effective.
- Assisted in budget planning by providing accurate forecasts on parts costs based on projected demand.
- Provided timely, insightful and accurate reports and presentations to GTL and global Executives
- Oversaw employee performance, corrected problems, and increased efficiency to maintain productivity targets.
- Facilitated resolution of vendor disputes and discrepancies.
President IGLOW - CNH D&I ERG
CNH Industrial
01.2024 - Current
- Lead the North American Women's ERG (employee resource group) of 500+ members and 5 leadership chairs aimed at fostering women's professional development, networking and inclusion with CNH North America.
- Mentorship volunteer - 3 year mentor to CNH woman for professional development (12 month individualized program)
- Plan and budget iGLOWs annual 2-day leadership summit for professional development and networking, 200+ attendees, offsite event.
- Organize, alongside the chair members. several networking events, book club, breakout session on professional development topics and host the monthly iGLOW meeting.
- Meet with corporate D&I office monthly
- Discuss opportunities and receive guidance from the corporate GLT sponsor
Global Purchasing Manager - CE Hydraulics
CNH Industrial
03.2019 - 12.2020
- Managed global budget with full responsibility for the strategy of Hydraulic components within the CE segment.
- Let a global team of commodity buyer to coordinate sourcing activities driving cost down initiatives and program timing.
- Partnered and built relationships strategic relationships and managed negotiations to optimal terms.
- Supported plant KPIs, mitigating supplier risk and exposure.
Purchasing Manager - NAFTA Hydraulics
CNH Industrial
10.2018 - 02.2019
- Responsible for $115M annual spend for NAFTA fluid conveyance commodity (hoses, tubes, fittings and cylinders)
- Managed supplier relationships to ensure timely delivery of products and services.
- Solved diverse supply chain problems involving numerous sources, logistics, and scheduling factors.
- Led a team of regional buyers and implemented global strategies for cylinders and tubes
- Established long-term agreements with strategic suppliers, securing favorable pricing and delivery terms.
- Trained junior staff members on best practices in purchasing management, contributing to their professional development and growth within the organization.
Senior Commodity Buyer - Fluid Conveyance
CNH Industrial
10.2015 - 08.2018
- Managed commodity risks to ensure price stability, utilizing market analysis and forecasting tools.
- Negotiated favorable contract terms to secure optimal pricing structures for company purchases.
- Verified deliveries and resolved discrepancies between order and shipment.
- Managed a diverse portfolio of commodities while maintaining high levels of quality control and customer satisfaction in all transactions.
SC Materials Manager
GE Healthcare
08.2006 - 03.2015
- Conducted regular inventory audits to maintain accurate stock levels and minimize excess or obsolete inventory.
- Monitored safety stock levels and established order policies to balance inventory availability with minimal investment.
- Developed comprehensive supplier performance metrics to ensure continuous improvement in service levels and product quality.
- Managed subordinates and gave directives, drafted schedules and comprehensively evaluated performance.
Education
Certificate - Women in Leadership
Valparaiso University
Valparaiso, IN02.2024
MBA -
Northern Illinois University
Dekalb, ILBachelor of Science - International Business And Economics
Ohio Northern University
Ada, OHSkills
- Collaborative Leadership
- Mentorship
- Global Strategic Visioning
- Partnership Development
- Emotional and Relational Intelligence
- Contract Negotiation and Governance
- Diversity and Inclusion
Additional Information
Jennifer is a avid reader, golfer and gardener. She enjoys spending her free time as the only free Uber driver and #1 fan for her 2 children at their various activities and sports.
Timeline
President IGLOW - CNH D&I ERG
CNH Industrial
01.2024 - Current
Parts Purchasing Global - Oil, Lube & Filtrations
CNH Industrial
12.2020 - Current
Global Purchasing Manager - CE Hydraulics
CNH Industrial
03.2019 - 12.2020
Purchasing Manager - NAFTA Hydraulics
CNH Industrial
10.2018 - 02.2019
Senior Commodity Buyer - Fluid Conveyance
CNH Industrial
10.2015 - 08.2018
SC Materials Manager
GE Healthcare
08.2006 - 03.2015
Certificate - Women in Leadership
Valparaiso University
MBA -
Northern Illinois University
Bachelor of Science - International Business And Economics
Ohio Northern University