Matt Fletcher
Cincinnati,OH
Overview
7
7
years of professional experience
Work History
Senior Sourcing Analyst - KLP Health & Beauty Care
The Kroger Co
01.2023 - Current
- Perform key analyses including financial, market, commodity pricing, and supplier performance analysis to provide incremental savings to the company; research new market trends and use shopper insights to give recommendations to category managers
- Evaluate quality and cost savings, and uncover growth opportunities via RFx events, Cleansheet based negotiations, and design-to-value activities to help uncover an estimated $13.2MM in cost savings with a total spend of $395MM
- Negotiate favorable supplier payment terms to provide improvement in working capital
- Work with suppliers and Category Strategy Managers to build an innovation pipeline to the category while keeping costs low
- Collaborate with Suppliers and Internal Stakeholders such as Merchandise Managers, Replenishment
- Category Managers to optimize inventory levels, order quantities, logistics to keep category in-stock percentages above 90%
- Ensure contracts are complete and obtain appropriate signatory approvals from both internal and external stakeholders to ensure spend under contract is at least 75%
- Manage PowerBI reports for department Out of Stocks, Order v Ship, Case Fill, and Unit Movement to monitor supplier performance to ensure they are in compliance with company goals
- Coordinate and execute recruitment strategies for the department, resulting in successful hires of skilled professionals aligned with company goals
- Train and lead a team of two sourcing analysts on the sourcing cycle and processes, Kroger web-based and desktop applications, and day-to-day job duties to prepare them to excel in their new role
Sourcing Analyst - KLP Health & Beauty Care
The Kroger Co.
03.2022 - 01.2023
- Perform key analyses including financial, market, commodity pricing, and supplier performance analysis to provide incremental savings to the company; research new market trends and use shopper insights to give recommendations to category managers
- Negotiate favorable supplier payment terms to provide improvement in working capital
- Work with suppliers and Category Strategy Managers to build an innovation pipeline to the category while keeping costs low
- Collaborate with Suppliers and Internal Stakeholders such as Merchandise Managers, Replenishment
- Category Managers to optimize inventory levels, order quantities, logistics to keep category in-stock percentages above 90%
- Ensure contracts are complete and obtain appropriate signatory approvals from both internal and external stakeholders to ensure spend under contract is at least 75%
Category Profit Improvement Analyst
The Kroger Co
11.2018 - 03.2022
- Collaborate with Kroger General Merchandise Buyers and Grocery Category Managers by serving as the project manager for 15 weeks during the category optimization process which includes cost analysis, product and brand performance review, and evaluation of promotional effectiveness
- Communicate with key merchandising stakeholders as such Category Managers, Replenishment, and CPGs for each category to establish and maintain relationships and provide data-based recommendations to drive better business results for the company
- Develop the strategic direction from various forms of analyses, create all negotiation materials, and lead negotiations with CPGs in order to secure lower costs and promotional funding for Kroger, enabling strategic business growth during key time frames of the year
- Perform key analyses including financial, market, commodity pricing, and supplier performance analysis to provide incremental savings to the company; research new market trends and use shopper insights to give recommendations to category managers
- Evaluate quality and cost savings, and uncover growth opportunities in branded and non-branded sectors of the business via RFx events to uncover an estimated $15MM in cost savings over the course of 8 categories touching a total spend of $350MM
- Negotiate favorable payment terms to improve working capital as well as manage contracts and agreements to ensure contracted obligations are met
Internal Auditor
The Kroger Co
08.2016 - 11.2018
- Gain an understanding of the major controls and reporting objectives for the area and complete all audit program steps including reviews of internal controls, testing financial statement balances, and identify any exceptions to policy or procedure
- Project Lead for division audits and special projects in the department responsible for audit preparation before the project begins, task delegation, work paper review and sign-off, communications with audit management on project status, and leading exit meetings to ensure all parties are aware of audit findings
Education
Bachelor of Arts - Accounting
University of Cincinnati
Cincinnati, OH08.2016
Skills
- Category Spend Analysis
- Market Analysis
- Strategic Sourcing Negotiations
- Project Management
- Cultivating Supplier Relationships
- Training and Development
- Vendor Contracts
- Supplier Performance Management
Timeline
Senior Sourcing Analyst - KLP Health & Beauty Care
The Kroger Co
01.2023 - Current
Sourcing Analyst - KLP Health & Beauty Care
The Kroger Co.
03.2022 - 01.2023
Category Profit Improvement Analyst
The Kroger Co
11.2018 - 03.2022
Internal Auditor
The Kroger Co
08.2016 - 11.2018
Bachelor of Arts - Accounting
University of Cincinnati
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