Tito Racho
Dallas,Texas
Summary
Adept at purchase order management and fostering strong vendor relationships, significantly reduced procurement costs at Steward Health Care. Expertise in pricing analysis and multi-tasking, combined with a proven track record of developing cost-effective purchasing strategies, showcases
my ability to enhance operational efficiency and achieve substantial cost savings. Industrious Buyer adept at keeping costs under control while optimizing inventory for usage needs. Versed in recordkeeping and production requirements. Bringing 20-year track record of success in Health Care industry. Knowledgeable Hospital Buyer with solid foundation in procurement and vendor management. Successfully negotiated favorable terms and streamlined purchasing processes to enhance operational efficiency. Demonstrated ability in cost analysis and inventory control, ensuring optimal stock levels and budget adherence.
Overview
22
22
years of professional experience
Work History
Hospital Buyer - Corporate
Steward Health Care
06.2018 - 12.2024
- Built long-term supplier relationships with vendors to establish quality and competitive pricing.
- Collaborated with internal departments to better understand needs and determine purchasing requirements.
- Maintained key item stock levels and wrote or expedited purchase orders.
- Developed cost-effective purchasing strategies to maintain inventory levels and improve operational procedures.
- Developed and improved account relationships.
- Achieved cost savings by identifying opportunities for consolidation and bulk purchasing across departments.
- Reduced procurement costs through strategic sourcing, competitive bidding, and effective negotiations.
- Maintained a comprehensive database of supplier information, including contact details, capabilities, pricing structures, and lead times.
- Collaborated with internal stakeholders to understand their needs, ensuring accurate product specifications were met in all purchases.
- Reduced costs significantly by identifying and eliminating inefficiencies within purchasing department.
- Achieved cost savings, negotiating bulk purchase agreements with key suppliers.
- Managed and maintained purchase orders and invoices.
- Interacted with vendors, store managers and other stakeholders to maintain on-time deliveries.
- Placed orders for merchandise consistent with quality, quantity and other specification requirements.
- Resolved procurement challenges, leveraging strong problem-solving skills and in-depth knowledge of supply market.
- Managed approximately 50 incoming calls, emails and faxes from customers
Buyer - Supply Chain Management
Texas Health Resources-arlington
10.2004 - 06.2018
- Built long-term supplier relationships with vendors to establish quality and competitive pricing.
- Collaborated with internal departments to better understand needs and determine purchasing requirements.
- Reduced procurement costs through strategic sourcing, competitive bidding, and effective negotiations.
- Developed strong relationships with suppliers to secure favorable pricing terms and conditions for the company''s benefit.
- Maintained complete documentation and records of all purchasing activities.
- Ensured timely delivery of products by closely monitoring vendor performance and addressing any issues promptly.
- Coordinated with logistics teams to resolve any shipping delays or discrepancies while minimizing impact on operations.
- Computed and created purchase orders to monitor stock levels, verify purchase requisitions and expedite customer orders.
- Maintained a comprehensive database of supplier information, including contact details, capabilities, pricing structures, and lead times.
- Developed and improved account relationships.
- Resolved procurement challenges, leveraging strong problem-solving skills and in-depth knowledge of supply market.
- Achieved cost savings, negotiating bulk purchase agreements with key suppliers.
- Placed orders for merchandise consistent with quality, quantity and other specification requirements.
- Interacted with vendors, store managers and other stakeholders to maintain on-time deliveries.
- Managed and maintained purchase orders and invoices.
Accountant
Honor Services, Inc.
01.2003 - 08.2004
- Handled day-to-day accounting processes to drive financial accuracy.
- Reconciled accounts and reviewed expense data, net worth, and assets.
- Gathered financial information, prepared documents, and closed books.
- Completed daily cash functions like account tracking, payroll and wage allocations, budgeting, donating, and cash, and banking reconciliations.
- Used advanced software to prepare documents, reports, and presentations.
- Streamlined month-end closing processes, resulting in reduced time spent on financial reporting tasks.
- Collaborated with external auditors during the annual audit process to provide necessary documentation and address any concerns or findings promptly.
- Detected and corrected mistakes early on and implemented systems to avoid recurring issues.
- Maintained accurate records of fixed assets, including acquisition costs, depreciation schedules, and current values for insurance purposes.
- Improved financial reporting accuracy through meticulous data analysis and reconciliation efforts.
- Enhanced financial decision-making capabilities by providing timely, accurate information to management through regular performance reports.
- Developed and maintained strong relationships with external auditors, ensuring smooth and efficient audit process.
- Assisted in successful negotiation of terms with vendors and suppliers, improving company's cost-efficiency.
- Enhanced financial accuracy by meticulously reconciling bank statements and financial records monthly.
- Ensured accurate and timely payroll processing for over 200 employees, maintaining employee satisfaction and compliance with labor laws.
- Prepared working papers, reports and supporting documentation for audit findings.
- Tracked funds, prepared deposits and reconciled accounts.
- Collected and reported monthly expense variances and explanations.
- Diminished outstanding debts by analyzing accounts for issues.
- Documented cash, credit, fixed assets, accrued expenses, and line of credit transactions.
- Maintained up-to-date knowledge on professional accounting standards to manage financial recordkeeping.
- Assisted in reducing outstanding accounts receivable balances by diligently following up on overdue invoices.
- Prepared and filed tax forms to meet needs of customers.
- Reduced expenses by negotiating with vendors for better pricing and terms on services and supplies.
- Conducted detailed cost-benefit analyses for proposed projects, guiding senior management in making informed investment decisions.
- Optimized cash flow management, ensuring adequate liquidity for operational needs without compromising investment opportunities.
- Contributed to enhanced revenue growth by analyzing revenue streams and identifying underperforming areas.
Education
Bachelor of Science - Accounting And Finance
University of The East
Manila Philippines03.1976
Skills
- Purchase order management
- Multi-tasking strength
- Relationship building
- Materials sourcing
- Customer service
- Pricing analysis
- Purchasing expertise
- Verbal and written communication
- Recordkeeping skills
- Resourcefulness
- Cost controls
- Vendor coordination
- Pricing
Languages
English
Full Professional
Arabic
Limited Working
Spanish
Limited Working
Tagalog
Native or Bilingual
Timeline
Hospital Buyer - Corporate
Steward Health Care
06.2018 - 12.2024
Buyer - Supply Chain Management
Texas Health Resources-arlington
10.2004 - 06.2018
Accountant
Honor Services, Inc.
01.2003 - 08.2004
Bachelor of Science - Accounting And Finance
University of The East
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