Karmin Thompson
Independence,KS
Summary
Seasoned Buyer with hands-on experience in sourcing and procurement. Skilled in vendor negotiations, strategic purchasing planning, and market trend analysis. Proven ability to drive cost reductions while maintaining product quality. Committed to improving supply chain efficiency and achieving company goals.
Overview
17
17
years of professional experience
Work History
Cost Accountant
Standard Motor Products, Inc.
Independence, KS
06.2007 - 06.2012
- Reconciled balance sheet accounts such as inventory reserves, prepaids, accruals on a monthly basis in order to maintain accurate general ledger postings.
- Reviewed financial statements, sales and activity reports, and other performance data to measure productivity and goal achievement.
- Maintained the cost accounting system by recording, classifying, allocating, summarizing and evaluating cost data.
- Prepared monthly, quarterly and year-end closing statements and associated reports.
- Managed company balance sheets, prepared invoices and monitored capital expenditure.
- Gathered banking transactions via statements, recorded activity in Excel format and reconciled balances.
Buyer/Production Planner
Standard Motor Products, Inc.
Independence, Kansas
06.2012 - 07.2024
- Researched potential new suppliers in order to find the best value for goods and services.
- Coordinated activities between departments such as sales, engineering, finance and logistics.
- Resolved any discrepancies between purchase orders and actual receipts of goods or services.
- Developed relationships with vendors to secure better prices and payment terms.
- Coordinated with legal department to ensure contracts met all regulatory and compliance requirements.
- Monitored inventory levels and placed orders to replenish stock while minimizing excess.
- Participated in continuous improvement initiatives to streamline purchasing processes and reduce costs.
- Worked with suppliers to expedite open purchase orders and shipments in-transit.
- Provided guidance to junior buyers on complex purchasing processes and procedures.
Education
Associate of Arts - Accounting And Finance
University of Phoenix
Tempe, AZ01-2010
Skills
- Inventory Oversight
- Procurement planning
- Cost Control
- Delivery Management
- Sales experience
- Verbal and written communication
- Negotiation
- Supplier sourcing
- Supplier Relationship Management
- Business understanding
- Materials sourcing
- Cost Analysis
Accomplishments
- I was chosen to be on the Vendor Collaboration team. implementing coordination between SMP and suppliers. lowering LT, SS, and increasing supply chain.
- I was chosen to be on the new Purchasing Portal team. Implementing one place for all PO's and communication to be viewed.
Timeline
Buyer/Production Planner
Standard Motor Products, Inc.
06.2012 - 07.2024
Cost Accountant
Standard Motor Products, Inc.
06.2007 - 06.2012
Associate of Arts - Accounting And Finance
University of Phoenix
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