Summary
Overview
Work History
Education
Skills
Websites
Certification
Honors Received
Executive Board Appointments
Professional Highlights
Timeline
BusinessAnalyst

MICHAEL DEWITT

Bentonville,AR

Summary

Transformative leader with a proven track record of transforming large, complex, global, Procurement organizations (Walmart, Highmark Blue Cross Blue Shield, Bayer Healthcare, Hewlett Packard) into World-Class high performance Strategic Sourcing teams able to deliver unprecedented financial results. Nationally recognized for the creation of procurement best practices (Malcolm Baldrige National Quality Award presented by the President of the United States) and digital transformation work highlighted in Harvard Business Review and MIT/Sloan publications.

Overview

32
32
years of professional experience
1
1
Certification

Work History

Vice President International Spend Management and Center of Excellence

Walmart International
01.2017 - Current
  • Responsible for Procurement transformation of Walmart International across 24 countries, managing $10B in Indirect spend and 200+ sourcing professionals
  • Increased annual cost savings by 130% in 36 months
  • Designed and launched '8 Critical Elements of Procurement Transformation': organization, people, process, functional excellence, technology, governance/policy, spend leverage, sourcing innovation
  • Implemented standardized category strategy and 7-step sourcing processes across all countries
  • Launched six Global category spend towers identifying over $7B in leverage-able spend and $150M in annual savings opportunities
  • Launched e-Auction Accelerator Plan rapidly expanding the use of e-auctions from $50M in spend to over $2B in spend annually delivering nearly $2B in total savings over 36 months
  • Developed and implemented Walmart International Procurement organizational design
  • Built International Procurement technology roadmap, implemented end-to-end Ariba Technology, and deployed AI technologies for building category strategies, autonomous negotiations, and supplier discovery.

Chief Procurement Officer

Highmark Health (BCBSA)
01.2013 - 01.2016
  • Responsibility: $8 billion in Direct and Indirect spend across five business entities and through group purchasing organizations (Johns Hopkins, Premier, Provider Supply Chain Partners, and BCBSA)
  • Led over 100 professionals including 8 directs
  • Championed the implementation of key enterprise best practice programs: 5-Step Strategic Sourcing, Supplier Management, and Category Strategy Development capturing 80% of spend strategically managed
  • Rapidly upgraded team capabilities in key areas (strategic sourcing, contracting, sourcing best practices, etc.) to above world-class resulting in a 35% increase in spend strategically sourced and a 10% improvement in savings percentage per bidding event
  • Transformed the supply chain team from below benchmark averages to above world-class performance in ROI and P&L savings per FTE in less than 18 months
  • Reduced supply chain technology costs by 50% and achieved a $150 million reduction of supply costs by introducing end-to-end supply chain cloud solutions (Coupa, Novus, Taulia).

Head of Global Procurement, Medical Care/Devices

MEDRAD (a business of BAYER HEALTHCARE)
01.2011 - 01.2013
  • Responsible for global sourcing and Supplier Quality functions
  • Led over 100 global sourcing and supplier quality professionals including 7 direct reports
  • Created industry awarded best practices in supplier relationship management (TRACQ) and supply chain risk management (SQII) that reduced costs associated with poor supplier quality by $25MM and contributed to the Malcolm Baldrige National Quality Award
  • Built a global, cross-cultural, multi-site, world-class, strategic sourcing team that reduced total cost of goods sold (COGS) by an average of 3% for 7 straight years
  • Developed procurement engineering team whose analytics in technology markets resulted in $60MM in cost savings in a new technology platform and created a 'Certified Suppliers in Innovation Program'
  • Set up new injection molding manufacturing JV in China that reduced supply costs by $40MM over 5-years.

Director, Procurement Competitive Edge

HEWLETT PACKARD
01.2005 - 01.2006
  • Built an enterprise advanced sourcing program team focused on reverse auction strategies, best cost modeling, make-or-buy, new product sourcing, and supply chain risk management
  • Directly sourced key commodities ($16B spend) and developed best practices for enterprise spend ($52B)
  • Creation of should-cost models and NPI sourcing process reduced new product platform costs by 40%
  • Sourced and implemented enterprise end-to-end sourcing technology solution (Ariba); reduced overall technology costs by 35% and expanded strategic capabilities supporting $2B in cost savings in 2 years
  • Invented advanced commodity sourcing strategies (reverse auction), utilizing Game Theory, resulting in $350MM savings in one reverse auction and $1.2 billion savings in one year.

Vice President of Business Development & Sourcing Operations

ECMARKETS / ECFOODS
01.2002 - 01.2005
  • Led national business development and delivery of custom sourcing services and procurement technologies
  • Acquired and developed 3 fortune 500 customers in the first year, generating over $15MM in new revenue
  • Created group purchasing organization (GPO) for national grocery chains and convenience stores; first year: $7MM in revenue, 17 GPO contracts, 12 customers.

Market Maker

FreeMarkets Inc.
01.2000 - 01.2002
  • Strategically sourced more than $10 Billion in spend through reverse auctions in numerous spend categories (e.g Packaging, Electrical, Plastics, Mechanical, Commodities, etc.)

Operations Manager

All-Phase Electric Supply
02.1998 - 01.2000
  • Management Trainee Program - learned all aspects of distribution management to include finance, sales, operations, returns, etc.

Purchasing and Inventory Control Manager

Essendant
01.1995 - 02.1998
  • Improved inventory accuracy to 99%, the highest in the company, by implementing a robust cycle counting program and refining warehouse organization strategies.

Munitions Systems Specialist

United States Air Force
01.1992 - 12.1995
  • Enhanced munitions safety by conducting thorough inspections and maintenance of weapons systems.
  • Streamlined inventory management for efficient munitions storage and retrieval, reducing wasted time and resources.

Education

International Masters in Management -

Purdue University

International Masters in Management -

Tilburg College

Bachelor of Science -

Geneva College

Associate in Arts -

University of Maryland

Skills

  • Procurement Ai Technologies & Digital Transformation
  • Reverse Auctions
  • Demand Management
  • 7-Step Sourcing Strategy
  • Category Strategy Development
  • NPD / Procurement Engineering
  • Supplier/Supply Risk & Management
  • NPD / NPI Sourcing

Certification

  • Center for Creative Leadership (CCL), Greensboro, NC
  • Certified Professional in Supply Management (CPSM), Pittsburgh, PA
  • STRIVE Leadership Program (Top MEDRAD leaders), Carnegie Mellon University, Pittsburgh, PA
  • Hewlett Packard Procurement Talent Management Program (PTMP); top 1%, Houston, TX
  • Management Trainee Program, All-Phase Electric Supply, Benton Harbor, MI

Honors Received

  • Malcolm Baldrige National Quality Award
  • Collaboration in Innovation Award, Procurecon
  • Honors Graduate (3.92 GPA), Geneva College
  • United States Air Force: National Defense Ribbon for service during war time, Good Conduct Medal, Overseas Service Ribbon (South Korea and Germany), Graduated first in class, Munitions Systems Technical School, Honors Graduate, Basic Military Training

Executive Board Appointments

  • Vice Chairman of the Board, Eastern Minority Supplier Development Council, Philadelphia, PA
  • The Education Partnership, Pittsburgh, PA

Professional Highlights

  • Organizational Transformation: Transformed procurement organization from below benchmark to world-class in ROI and P&L savings per FTE (over $3.5M/FTE) in 12 months, increased annual savings by 130% in 36 months.
  • Global Sourcing Excellence: Built a Global, cross-cultural, multi-site, world-class, strategic sourcing team that reduced total net cost of goods sold (COGS) by an average of 3% for 7 straight years
  • Procurement Technologies: Reduced Procurement technology costs and time related to managing technology by 50% through end-to-end solution deployment (Ariba, Coupa), implemented Ai technologies in Category Strategy Development, Negotiations, and Supplier Discovery
  • Advanced Sourcing Strategies: Invented advanced commodity sourcing strategies, utilizing Game Theory, resulting in $350MM savings in one sourcing project and $1.2 billion savings in one year.
  • Product Development Sourcing Innovation: Analytics in technology markets resulted in $60MM in cost savings in a new technology platform and created a “Certified Suppliers in Innovation Program”.

Timeline

Vice President International Spend Management and Center of Excellence

Walmart International
01.2017 - Current

Chief Procurement Officer

Highmark Health (BCBSA)
01.2013 - 01.2016

Head of Global Procurement, Medical Care/Devices

MEDRAD (a business of BAYER HEALTHCARE)
01.2011 - 01.2013

Director, Procurement Competitive Edge

HEWLETT PACKARD
01.2005 - 01.2006

Vice President of Business Development & Sourcing Operations

ECMARKETS / ECFOODS
01.2002 - 01.2005

Market Maker

FreeMarkets Inc.
01.2000 - 01.2002

Operations Manager

All-Phase Electric Supply
02.1998 - 01.2000

Purchasing and Inventory Control Manager

Essendant
01.1995 - 02.1998

Munitions Systems Specialist

United States Air Force
01.1992 - 12.1995

International Masters in Management -

Purdue University

International Masters in Management -

Tilburg College

Bachelor of Science -

Geneva College

Associate in Arts -

University of Maryland

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MICHAEL DEWITT