Nick Tsolakakis
Trinity,FL
Summary
Dynamic executive with a proven track record at PriceMDs, specializing in supply chain optimization and strategic procurement. Known for excelling in multitasking, problem-solving, and cross-functional collaboration, I have enhanced inventory management and driven substantial revenue growth through innovative program development. My composed leadership style under pressure fosters strong teamwork, enabling efficient operations and successful project execution.
Recognized for a proactive approach to identifying and resolving challenges, with a strong focus on process optimization and advancing team objectives.
Overview
24
24
years of professional experience
Work History
EVP Supply Chain & Logistics
PriceMDs
01.2022 - Current
- Manages the logistics team to ensure optimal results through consistent daily communication and weekly progress and performance reporting.
- Actively develops and establishes new supplier and pharmacy relationships to acquire medications and support consistent growth aligned with forecasts.
- Maintains optimal purchasing levels and secures favorable supplier pricing by leveraging the advantages of EU parallel trade.
- Maintains a fair and healthy balance by aligning supplier volume purchases with pharmacy inventory levels and direct-to-patient shipments.
- Streamlined the procurement process by strategically selecting cost-effective markets, resulting in faster order fulfillment and improved inventory management.
- Developed the Treatment Cost Containment Lite (TCC Lite) program by incorporating lower-priced medications into the sales offering, leading to increased sales and profit margins.
- Introduced GLP-1 medications into the product lineup, generating additional revenue for the company.
- Implemented internal operational improvements to enhance project delivery times by identifying bottlenecks and enforcing targeted, effective solutions.
- Enhanced supply chain efficiency across pharmacy locations by applying just-in-time inventory management practices, ensuring greater reliability and timeliness in direct-to-patient deliveries.
- Optimized inventory levels through precise demand forecasting and data-driven decision-making, managing expiration dates, stock levels, inventory redistribution, and returns across all pharmacy locations.
EVP Purchasing & Procurement
PriceMDs
01.2018 - Current
- Located and initiated collaborations with competitive and cost-efficient pharmaceutical suppliers and wholesalers.
- Assessed and set up certified pharmacies and licensed pharmacists capable of fulfilling direct to US-patient shipments.
- Developed a systematic approach to procure and acquire pharmaceuticals across international markets.
- Negotiated and collaborated with freight forwarders specializing in healthcare logistics and advanced medical courier services.
- Identified highly reliable, end-to-end temperature-controlled packaging solutions providers for all sensitive pharmaceutical shipments.
- Collaborated internally in all aspects and on all steps with legal and accounting teams.
- Implemented shipping process and put guidelines in place with proper failsafe mechanisms to ensure uninterrupted direct-to-patient service.
- Created, maintained, updated and annually revise company's official price list.
EVP Marketing & Operations
PriceMDs
09.2013 - Current
- Designed and lead resources, strategies, and tactics used to promote start-up company's products or services.
- Updated, improved and established new color scheme chart and company logo.
- Applied and maintained all company trademarks.
- Collaborated with sales team to implement effective and successful marketing, advertising, and email campaigns to include videos, flyers and television commercials.
- Delivered client-specific and customized marketing projects on client's behalf.
- Worked with leadership providing valuable insights from an operational perspective throughout various stages of startup growth.
- Applied problem-solving and process development skills in key areas of operations.
- Completed scheduled projects to ensure goals and milestones were met.
- Participated in set up and then assisted in the transition of accounting software and online operational collaboration tools to current Microsoft platforms.
- Worked closely with CEO to create winning presentation for "Innovations in Healthcare" ABBY Award.
- Procured and sold medical supplies to Cayman Islands Health Services Authority (HSA) during COVID-19 business disruption resulting in sales in excess of $1M.
Strategic Partner - Cofounder
Celebz Direct
09.2011 - 06.2017
- Established a full-service sports and entertainment agency with an emphasis in marketing and promotion of both active and retired professional athletes and celebrities.
- Developed an extensive network and partnerships within the sports and entertainment industries allowing athletes and celebrities to maximize their reach and potential within their target audience.
- Built a winning auction platform through which professional athletes sold personal game used items, equipment, and memorabilia to private collectors.
- Represented hundreds of retired professional athletes in collaborations with leading industry brands such as Topps, Panini America, Goldin Auctions.
- Collaborated with MAB Celebrity Services to organize autograph signing events and coordinate private autograph sessions.
President / CEO
PRS Inc.
01.2001 - 12.2012
- Founder of PRS, Inc., a wholesale distributor and importer of household goods specializing in direct response products.
- Surpassed $4 million in annual sales by 2012.
- Worked closely with industry giants such as Orange Glo Intl, Emson, Reliant Intl, Ingenious Designs and with senior level management & supply chain teams of national retail chains including Walgreens, Publix, Longs Drug Stores and more.
- Launched and participated in several national direct response TV campaigns including Pasta Pronta, NVZIO and Sop 'N Mop.
- Partnered with Home Shopping Network (HSN) and QVC to successfully launch a range of products.
Education
Bachelor of Arts - Marketing & Finance
European University
Switzerland01-1993
Skills
- Multitasking, positive attitude
- Problem-solving
- Calm under pressure
- Teamwork and collaboration
Languages
English
Native or Bilingual
Greek
Native or Bilingual
French
Limited Working
Timeline
EVP Supply Chain & Logistics
PriceMDs
01.2022 - Current
EVP Purchasing & Procurement
PriceMDs
01.2018 - Current
EVP Marketing & Operations
PriceMDs
09.2013 - Current
Strategic Partner - Cofounder
Celebz Direct
09.2011 - 06.2017
President / CEO
PRS Inc.
01.2001 - 12.2012
Bachelor of Arts - Marketing & Finance
European University
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