Shamar Kynard
Hartford,CT
Summary
Dynamic and innovative Strategic Sourcing Manager with over 15 years’ experience in supplier relationship management, risk mitigation and, executing sourcing strategies. Adept at contract negotiations, cost management, and cross-functional collaboration. Excel at project management, process improvement, and supplier negotiations with a proven track record in driving team success and aligning sourcing initiatives with organizational goals.
Dynamic and results-oriented sourcing professional prepared to drive procurement excellence and supplier management. Background includes optimizing vendor selection processes and implementing cost-saving initiatives. Known for strong team collaboration and flexibility in meeting dynamic organizational needs. Skilled in contract negotiation, supplier evaluation, and strategic sourcing.
Overview
16
16
years of professional experience
Work History
Senior Sourcing Manager
Voya Financial
03.2019 - Current
- Achieved high value creation within the Market Data Services category obtaining 30% in cost savings of targeted goal and exceeding expectations year over year;
- Negotiated complex supplier contracts outside of assigned category, resulting in cost savings of 15% and the inclusion of caps on most renewal contracts no greater than 2-5%;
- Led transformation savings initiatives generating costs savings of $1M within a 6-month period;
- Continue to foster team success through systematic coaching resulting in the team being selected as a model in the Sourcing organization;
- Drive cross-functional teams through performance monitoring, coaching, and training enhancing overall staff performance and productivity efficiency;
- Secure more favorable contract terms by implementing standards such as price caps resulting in minimal cost increases for strategic and non-strategic renewals;
- Enhanced vendor performance with thorough evaluations, consistent communication, and regular feedback sessions.
- Acted as Sourcing project lead for all mergers and acquisitions accomplishing successful implementation of four (4) companies to date;
- Lead Strategic Sourcing organizations, strengthening business relationships, building trust, and delivering exceptional results
- Managed a diverse team of professionals to achieve aggressive sourcing targets and drive continuous improvement efforts.
Category Manager (Sourcing Specialist)
Voya Financial
03.2018 - 03.2019
- Responsible for building and maintaining effective business partnerships with various business units and management levels across the organization
- Cultivated strategic supplier relationships, negotiating beneficial contracts resulting in over 5% of cost savings to overall spend
- Managed ~$50M in spend within the Market Data Services Category delivering ~$2.5M in cost savings
- Negotiated high valued contracts, achieving cost savings while securing contracts mitigating risks for the company
- Analyzed spend data to identify and address sourcing opportunities, aligning category strategies with organizational needs
Category Manager (Sourcing Agent)
Eversource Energy
10.2015 - 02.2018
- Led sourcing strategy for corporate services category which included, Security, Audit, Customer Service, Consulting, Marketing, Print, HR, Contingent Labor, Facilities and Communications achieving ~10% reduction in costs through competitive bidding exercises and direct negotiations
- Managed over $100M in category spend annually exceeding expected savings year over year of ~10% from expected 5%
- Partnered with various business units to plan, recommend, build requirements for RFP events, Statement of work, and execute on the best strategy to procure goods and services at the best cost possible
- Executed over 50 RFP events generating valuable services and cost savings
- Managed Suppliers qualification and performance ensuring standards are met
- Managed multiple lines of business developing sourcing strategies for high risk and dollar purchases
Strategic Sourcing Analyst
CVS (Aetna)
02.2012 - 10.2015
- Acted as commodity captain and directed internal business areas in the procuring of goods and services at the best total cost including contractual terms and conditions achieving more than 5% in cost saves annually managing $40-$70M in spend
- Assisted in the conduct and execution of Procurement's internal and external obligations
- Responsible for many commodities including, consulting, security, HR, medical and others
- Perform RFx exercises as needed and acted as lead for all negotiations achieving cost savings and value contracting
- Utilized SAP, Ariba and Oracle systems
Contract Systems Administrator
CVS (Aetna)
03.2009 - 02.2012
- Managed and implemented renewals and terminations for purchasing contracts
- Supported and facilitated contract negotiations ensuring organizational requirements were met
- Collaborated with supply managers to ensure contract compliance and supply chain integrity
- Developed and updated language for Procurement's purchasing contracts
- Led and assisted multiple Collaboration Projects across cross-functional procurement teams resulting in significant procurement organization process improvements
- Developed and maintained contract system and audit contracts to ensure clarity and mitigated legal risks
- Led process improvement team for the Sourcing group which consolidated processes
Education
Master of Business Administration -
University of Connecticut School of Business
Hartford, CTBachelor of Science - Management
University of Saint Joseph
West Hartford, CTSkills
- Strategy
- Continuous Improvement
- Cross-Functional Team Leadership
- Critical Thinking
- Category Management
- Negotiation expertise
- Problem Solving
- RFX
- Data Analysis
- Risk Compliance
- Spend Analysis
- Microsoft Office
Timeline
Senior Sourcing Manager
Voya Financial
03.2019 - Current
Category Manager (Sourcing Specialist)
Voya Financial
03.2018 - 03.2019
Category Manager (Sourcing Agent)
Eversource Energy
10.2015 - 02.2018
Strategic Sourcing Analyst
CVS (Aetna)
02.2012 - 10.2015
Contract Systems Administrator
CVS (Aetna)
03.2009 - 02.2012
Bachelor of Science - Management
University of Saint Joseph
Master of Business Administration -
University of Connecticut School of Business
Similar Profiles
Michael SmithMichael Smith
Vice President/Product Director at Voya Financial/ING/Aetna Financial ServicesVice President/Product Director at Voya Financial/ING/Aetna Financial Services
William ShropshireWilliam Shropshire
Senior Financial Control Analyst at VOYA FINANCIALSenior Financial Control Analyst at VOYA FINANCIAL
Jennifer OrtizJennifer Ortiz
Lead Customer Service Representative at Voya FinancialLead Customer Service Representative at Voya Financial