Prashant Shah
Marlboro,NJ
Summary
- Valued Expert In: Complex P&L Management Leadership & Team Building Strategic Planning & Execution Process & Space Optimization Accountability & Compliance Strategic Leader and exceptional developer of highly effective B2B & B2C organizations with extensive Supply Chain experience.
- Holistic approach to operations and translate business strategies into maximum profits with the best interest of shareholders, customers and employees.
- Hands-on leader who drives culture of organization-wide excellence and collaboration with ongoing global vision and commitment. Deliver inspiring leadership to executives to outperform performance goals and continuous quality improvement programs.
Overview
20
20
years of professional experience
Work History
Head of Supply Chain
SwagUp
Piscataway, NJ
11.2021 - Current
- Transforming family-owned business into corporation model, followed by capital raise of $5mil with investment banker groups.
- Led profit margin project for company to 40% from 31% within couple of quarters.
- Reducing average inventories by 20%, while improving fill rates by 30-40% and reducing operational lead times by 50%.
- Leading core team of sourcing, merchandising, fulfillment, logistics and engineering employees who continue to deliver 5% in continuous improvement cost savings programs
- Increased quarterly profits by 5% by driving teams to identify new business areas
- Developed logistic partnership with top four national carriers, which reduced total freight cost by 10%/ $1mil annualized savings
- Gained valuable input that led us to redesign our sales strategy, increasing revenue by 20% and customer retention by 24%.
- Consolidated supplier base while maintaining redundant sources of supply to reduce transit expenses and improve timely delivery by 45%.
- Drove 37% improvement in corporate growth by developing key metrics and applying Lean Six Sigma methodologies.
- Provided supply chain guidance to team of 130 employees.
- Optimized supply chain infrastructure by assessing and initiating targeted changes to reduce operating costs by 20%.
- Established vision and master plan for supply chain end-to-end structure, sourcing, warehousing and delivery.
- Leveraged valuable business relationships and skillful negotiations to obtain favorable vendor pricing, resulted in 4% margin gains.
- Oversaw purchasing process and linked demand planning to manufacturing and fulfillment needs.
- Developed and maintained strong cross-functional relationships within overall organization.
Vice President of Operations
Casper
New York, NY
07.2021 - 11.2021
- Led end-to-end Supply Chain in turnaround effort that took company to stability from near bankruptcy and declining EBITDA, followed by rapid sales growth and company's acquisition into private equity sector
- Initiated load optimization project which resulted in $2M savings towards division freight expenses
- Spearheaded finished goods project that incorporated strategic sourcing, inventory management and distribution, which resulted in annual savings run rate of over $1M
- Reduced freight cost by $2M in optimizing mode selection using combination of rail, truck and intermodal capabilities
- Created KPIs for all Supply Chain Pillars which resulted in 10% improvement quarter over quarter: and $150k in cost reductions.
- Strategically coordinated operations according to objectives and capabilities, effectively allocating resources to meet demands.
Vice President of Supply Chain
LaserShip
South Brunswick , US
10.2019 - 07.2021
- Led Supply Chain departments which resulted in revenue increase from $200M to $1Billion, followed by sale of company at $1.8Billion within 18months time frame
- Led and responsible of $100Mil+ Logistic budget and its direct functions; 4 Hubs with $15M+ budget, 4 direct Director level reports; and all hourly & Salary recruiting for company with 9 full time recruiters
- Leading all domestic logistic function with team of 20 individuals
- Direct logistic and warehousing (cross dock) functions supporting 60 branches in 33 states
- Led all direct functions in 4 major Hubs in 4 states
- Led and managed multi-site operations and strategic direction with full responsibility for bottom-line factors, including EBITDA, 3-5-year planning and domestic volume management
- Initiated Strategic Sourcing projects exceeding $7M+ of savings in 2020
- Reduced logistics costs by $8M by dedicated RFP and lane-based analysis execution
- Sourced multiple new suppliers delivering better value, resulting in $2M+ cost savings in 2020
- Accountable for all direct functions related to $100 million transportation and $15 million Hub/Recruiting budget
- Worked across 3 to 5-year planning cycle, create new ways of working and introduce best practices across end-to-end supply chain
- Re-formulated and streamline supply chain operation model/process to improve operation cost, inventory control, on time delivery and customer satisfaction
- Led recruitment and development of strategic alliances to maximize utilization of existing talent and capabilities.
- Drove performance initiatives, facilitating 120% revenue increase.
Senior Director of Operations
Drive Medical
South Brunswick, NJ
11.2017 - 10.2019
- B2B AND B2C MULTI-DISTRIBUTION OPERATIONS (NE US &, Led multi-site operations and strategic direction with full responsibility for the bottom-line factors, including EBITDA, long range planning and domestic product management
- Responsible for safety, environment, quality, cost, reliability, engineering, purchasing, material planning and inventory management for 200+ employee, production and distribution operation consisting of 4 revenue generating distribution center
- Operating at C-level and providing cross functional management; direct Director/GM, process improvement team, mechanics and engineers, and 10+ Managers; and general oversight of 200+ employees
- Reported to CEO and the Senior VP of Operations and Logistics, with full P&L responsibility for operations with 200 – 225 employees and annual sales volume of $250 million
- Owner of multi-channel 24/7, four-wall operation of $30+ million annual P&L
- Reduced distribution center expenses by more than $1 mil plus, 21% reduction, while increasing productivity levels, service quality, and inventory accuracy
- Responsible towards direct-report leadership team of 10+ for providing guidance, mentorship, vision and clear/concise expectations, resulting in 20%+ improvement and best in-class results
- Led design of partial plant re-layout to consolidate and enhance operations projected to save over $100,000 annually in labor cost
- Led implementation of visual management, including team boards and day-by-hour boards to drive improvements in throughput between 15% and 25%
- Created partnership with external parties including high revenue customers and international customers, resulting in $200 million in sales for 2017 & 2018
- Recognized by CEO as “Most Improved Operations 2018” through Driving culture, performance and team's engagement of 250+ associates by utilizing expertise of Union and Labor management.
Assistant General Manager of Operations
Bed Bath & Beyond
Dayton, NJ
03.2017 - 11.2017
- Responsible for daily operations of distribution center with over 275+ employees, involved in inbound, outbound and pick pack process, which resulted in receiving $200M inventory, streamlining Dock to Stock initiative to 98.5% vs 82.2% with high of 6.8 vs 15.2 hours by reducing payroll by 15%
- Provided continuous mentorship to 10 plus leaders to ensure their future sustainable leadership growth
- Drove E-Commerce facility through strong leadership background, effective inventory control and motivate workforce of 300 plus associates
- Partnered and collaborated with 30 plus leaders to promote customer-centered culture around E-Commerce, that strives to exceed customer needs, requirements, and expectations
- Challenged “status quo” by implementing new vision as “Start Clean End Clean”, “Team Morale” and “Leadership Alignment”
- These visions resulted in new and improved pre-sort process, receiving process, warehouse process, scheduling process and future planning
- Utilized analytical skills and tools to develop new strategies to promote higher productivity, personal growth and outside the box views, which resulted in increase of 31% inbound productivity & 18% warehouse productivity
- Developed new and innovative warehouse plan and established processes for achieving highest quality standard
- Resulted in streamlined process and procedures, and decreased overtime by 38%.
Director of Operations
Macy's
Secaucus, NJ
10.2013 - 02.2017
- Reported to VP, responsible for managing all aspects of operations for 1 million Sq
- Ft distribution center with 160 member staff and $27 million budget
- Maximized operational performance through strong leadership, effective operational performance and motivated workforce of 112 Union associates
- Daily management of 15 Mil cartons in annual volume through managing, planning and overseeing high volume automated omni-channel retail distribution center
- Involved in cross-functional Lean/6 Sigma Process and Business Improvement projects within global operations
- Lead servicing of 90 stores including Herald Square (Flag Ship Store) and 59th Street Bloomingdale Flag Ship Store through successful automation projects (e.g. 17 Mil Sortation installation project, RFID Process, etc.)
- Worked collaboratively with functional leaders to implement new procedures and corrective actions to improve quality.
Sr. Executive Manager
Target
Fairfield, NJ
03.2009 - 09.2013
- Reported to STL, responsible of ensuring of all logistics and fulfillment process of $100mil in sales by leading team of 4 direct salaried managers and 125+ indirect employees
- Managed Inventory of $90M per year
- Profit & Loss (P&L) responsibilities for $80M in sales and 125+ team members including a salaried team
- Led Logistics operations with 9 department supervisors and 4 salaried managers
- Exceeded all store goals including sales, credit acquisition, conversion and traffic for past 3 years
- Initiated Pfresh (Market) department at 5 stores throughout district generating revenue of $135k/year
- Strategically trained more than 25 District Executives in past 3 years
- Elected as Sales floor and Operation District Trainer for all new Executive Manager to positions since 2010
- Trained, developed, and mentored 21 Executive Managers and 44 Team Leads on Pfresh/Market, sales floor, operations, and logistics daily execution.
Sergeant - Supply Chain
United States Marine Corps
Quantico, VA
09.2001 - 10.2008
- Initiated a new preparation of correspondence, reports and operations, maintenance and safety manuals for 2 new Warehouse worth $25M
- Prepared and managed $10M departmental budget for Officers Candidate School
- Supervised and coordinated technical activities of supply section of Operating forces and shore station organization
- Planned, developed, and implemented warehouse safety and security programs and activities which prevented loss of merchandise up to $25M
- Developed and documented standard and emergency operating procedures for receiving, handling, storing, shipping or salvaging products or materials (SOPs)
- Assisted in budget execution, fund justification, and administration of allotted funds and inform commanding officer regarding supply support problem areas.
Education
MBA - Finance
American Military University
Charles Town, WV2017
Master of Arts - Criminal Justice
American Military University
Charles Town, WV2009
Skills
- Strategic Goals
- International Logistics
- Capital Expenditures
- Multi-Plant Experience
- ERP and Supply Chain Software
- Emergency Preparedness
- Continuous Improvement Strategies
- Six Sigma Methodologies
- Financial Data Analyzation
- Lean Methodology
- Supply Chain Development
- Budget setting & Forecasting
Timeline
Head of Supply Chain
SwagUp
11.2021 - Current
Vice President of Operations
Casper
07.2021 - 11.2021
Vice President of Supply Chain
LaserShip
10.2019 - 07.2021
Senior Director of Operations
Drive Medical
11.2017 - 10.2019
Assistant General Manager of Operations
Bed Bath & Beyond
03.2017 - 11.2017
Director of Operations
Macy's
10.2013 - 02.2017
Sr. Executive Manager
Target
03.2009 - 09.2013
Sergeant - Supply Chain
United States Marine Corps
09.2001 - 10.2008
MBA - Finance
American Military University
Master of Arts - Criminal Justice
American Military University
Similar Profiles
Sophia D'AmatoSophia D'Amato
Lead Pre-K Teacher/Director Designee at Future Generations LLCLead Pre-K Teacher/Director Designee at Future Generations LLC
Antonio CastilloAntonio Castillo
Home Remodeling Owner/Supervisory Administrative Specialist at A J CASCON REMODELINGHome Remodeling Owner/Supervisory Administrative Specialist at A J CASCON REMODELING
Hiranya SinghHiranya Singh
Shadowing Participant at Ahab Gabriel Doctors OfficeShadowing Participant at Ahab Gabriel Doctors Office
Julia LereahJulia Lereah
Camp Counselor at Camp Nock- A-MixonCamp Counselor at Camp Nock- A-Mixon
Cecilia KongCecilia Kong
Global Supply Chain Manager (Head of Supply Chain, Senior Manager) at Aucta PharmaceuticalsGlobal Supply Chain Manager (Head of Supply Chain, Senior Manager) at Aucta Pharmaceuticals