Philip Smith
Goshen,IN
Summary
Results-oriented Sourcing Specialist with demonstrable experience developing profitable purchasing strategies and supplier relationships by sourcing materials, equipment and supplies. Highly-motivated Sourcing Specialist with experience generating and implementing efficient sourcing strategies, managing projects and overseeing supplier base portfolio with minimal guidance. Proven expertise in supply chain management to effectively negotiate and understand contractual agreements.
Overview
9
9
years of professional experience
Work History
Sourcing Specialist
ATC Trailers
05.2021 - Current
- Developed sourcing strategies to improve procurement processes, supplier relationships and capability development to optimize supply chain.
- Managed a $48 Million portfolio of suppliers, ensuring compliance with contractual terms and conditions, as well as quality standards.
- Collaborated with cross-functional teams to identify opportunities for process improvement and cost reduction within the supply chain.
- Supported gross profit goals by identifying, negotiating and implementing $1.5 million in cost savings, reduced lead times and better payment terms.
- Evaluated new supplier capabilities to significantly reduce risks, improve operational visibility and create greater value for products and services.
- Optimized supplier selection process by conducting thorough risk assessments and evaluating potential partners based on performance criteria.
Sourcing Agent
The Shyft Group
08.2015 - 05.2021
- Enhanced supply chain visibility, monitoring supplier performance and addressing any issues promptly.
- Demonstrated flexibility in adapting to changing business priorities while maintaining a strong focus on strategic sourcing initiatives and overall cost reduction goals.
- Provided ongoing support to internal customers throughout the procurement lifecycle, addressing concerns as they arose to minimize disruptions in operations or fulfillment timelines.
- Managed risk by closely monitoring supplier performance and addressing any deviations from agreed-upon terms promptly.
- Reduced overall costs with careful negotiation of contracts and pricing agreements.
- Developed strong relationships with key internal stakeholders, understanding their needs and working collaboratively towards shared goals.
- Evaluated supplier capabilities, comparing bids to select the best-suited vendor for each project.
- Implemented $3 million in cost-saving measures through strategic sourcing initiatives, reducing expenses while maintaining quality standards.
- Utilized data-driven decision-making techniques when evaluating potential suppliers or negotiating contracts.
- Established long-term partnerships with suppliers, fostering trust and mutual benefits.
Education
Skills
- Cost Analysis
- Strategic Sourcing
- Supplier Relationship Management
- Contract Negotiation
- Inventory management
- Spend Analysis
- Supplier Evaluation
- Price Negotiation
- Teamwork and Collaboration
- Problem-Solving
- Price dispute resolution
- Problem-solving abilities
Timeline
Sourcing Specialist
ATC Trailers
05.2021 - Current
Sourcing Agent
The Shyft Group
08.2015 - 05.2021
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