SHERRY PRICE, MBA, CIA

**** ***** *******, **** *** Houston, Texas 77019 832-***-**** acw37t@r.postjobfree.com LinkedIn URL: http://www.linkedin.com/in/sherry-price-cia-mba-55690320 1 P a g e

SENIOR STRATEGIC SOURCING ANALYST

QUALIFICATIONS PROFILE

Highly organized, detailed-oriented, and self-motivated professional, with immense experience in leading full spectrum of business operations in highly competitive environments. Equipped with wide-ranging expertise in strategic sourcing analyses. Well-disciplined with verified ability in seamlessly executing multiple tasks under extreme pressure while maintaining high quality of work. Proficient with Microsoft Office Excel, Word, and PowerPoint. RELEVANT EXPERIENCE

The Boeing Company, BDS Home Office Saint Louis, MO and Houston, TX SENIOR PROCUREMENT FINANCIAL COST ANALYST & TRAINING INSTRUCTOR Oct 2009–Dec 2015

Prepared and implemented training courses including competitive bid analysis (including comparative analyses of supplier proposals, cost breakdown summaries, and financial information) and Procurement Cost Analysis Boot Camp Course.

Studied and assessed procurement cost analysis reports from various sites and program commodities; and collaborated with and mentored procurement cost analysts and managers regarding areas of improvement; established and kept metrics, which showed vast improvements in quality and content.

Developed, presided over, and instructed 44 Procurement Cost Analysis Boot Camp sessions to more than 800 persons; which included, Procurement Financial Cost Analysts, Supplier Management, Contracts, Engineering, Estimating and Pricing, Subsidiaries, DCAA, DCMA, Government Procurement Directors, other Government personnel, and a Joint Venture company. LEAD SENIOR PROCUREMENT FINANCIAL COST ANALYST Mar 2003–Oct 2009

Carried out procurement financial cost analysis functions on multi-million dollar supplier proposals for National Aeronautics and Space Administration (NASA) contracts, as well as V-22 and Chinook, Apache’, FA- 18, and C-17 programs for Boeing which included the following:

- Developing and Approving Requests for Proposals

(RFP’s) & Requests for Quotes (RFQ;s) - RFx

- Developing Pricing Instructions & SOW

- Competitive Bids Process / Optimization Analyses

- Planning, Sourcing, Negotiating Price and Terms

& Conditions, Schedules, Deliveries

- Purchase Contracts and Change Orders

Development and Approval

- Flexibly Priced and Firm Fixed Price Contracts

- Expediting Parts

- Make or Buy Decisions

- Fact Finding and Auditing

- Financial and Cost Elements Estimates

- Manufacturing Overhead, G&A, Direct Labor

Rates, and Direct Labor Hours Forecasts

- Extensive Market Research

- Cost and Schedule Risk Analysis

- MVA – Market Value – Price Analyses

- Developing Estimating Relationships, Models,

and Computing Systems (Advanced Excel)

- Cost and Financial Forecasts

- Performance Metrics Development

- TCOF (Direct and Indirect Labor Forecasts)

- Material Analyses and Forecasts – PBOM’s

- Financial Analyses/Budgets/Forecasts

- Cost Elements Estimates / Analyses & Cost

Reduction Analyses

- Cost Breakdown Summaries (TCO Models)

- WBS (Work Breakdown Structures)

- Direct Labor/Material/ODC/Indirect Rates

Estimates & Analyses

- Estimates to Complete

- Inventory Management

- E&O and Scrap Calculations

- Trend Analyses & Forecasts

- Cash Flow Analysis

- Variance Analyses

- Contingencies and Uncertainties

- Project Management

- Development of Negotiation Positions &

Strategies

- Results of Analyses Presentations (PowerPoint)

- Supplier Negotiations

- Documenting Results, Developing Cost Analysis

& Negotiations Reports showing

Proposal/Analysis/Negotiation Values and

Savings with Explanations

- Working with Cross-Functional Teams

(Engineering, Manufacturing, Finance, Supplier

Management/Contracts, Legal, Quality)

SHERRY PRICE, MBA, CIA

3333 Allen Parkway, Unit 910 Houston, Texas 77019 832-***-**** acw37t@r.postjobfree.com LinkedIn URL: http://www.linkedin.com/in/sherry-price-cia-mba-55690320 2 P a g e

Reviewed suppliers’ proposals to ensure they were current, accurate, and complete. Developed Requests for Information (RFI’s), and submitted to suppliers. Conducted fact finds of the suppliers’ proposals.

Using historical data, engineering estimates, task descriptions, or independent estimates, analyzed direct labor hours utilizing learning curves and parametric estimates.

Utilized historical data, escalation and quantity adjustment factors, vendor quotes, and negotiations’ decrement history to analyze the supplier’s priced bill of materials (PBOM), and other direct costs.

Conducted “should cost” estimates and analyses, as well as cost/benefit analyses.

Analyzed direct and indirect rates and factors, utilizing the supplier’s financial data.

Developed profit/fee analyses.

Developed cost breakdown summaries (TCO models), in Excel, from the suppliers’ proposals.

Conducted Price Analyses, comparing prices to historical prices, market prices, or other methodologies.

Presented Proposals/Cost Analyses/Negotiation Targets and Strategies to the Procurement Review Board (PRB) to obtain authorization to negotiate with the suppliers.

Led the negotiation team (including Supplier Management, Manufacturing, and Engineering) in negotiations with suppliers.

Documented Proposal/Cost Analysis/Negotiations’ results in Cost Analysis and Negotiation Reports. Stored results in Electronic Data Management Systems (EDMS), and in Procost (a company-wide system, which collected Supplier Proposal, Cost Analysis, and Negotiation Information for metrics).

Audited suppliers for contract compliance during interim and close-out audits.

Mentored and conducted training for employees regarding procurement financial and cost analysis, and negotiations.

Developed procedures and training manuals.

Maintained active involvement with supplier competitive bid processes. SITE LEAD INTERNAL AUDITOR / EXTERNAL AUDIT FOCAL May 2000–Mar 2003

Conducted and led audit team on site internal financial, operations, and compliance audits.

Audit focal for all outside audits, including government agencies and Deloitte & Touché regarding audit issues.

Supervised and mentored auditors.

Researched details, conducted numerous interviews, and met daily with Legal Department on issues regarding customer alleged Cost Accounting Standards (CAS) violations. Saved the company several million dollars in litigation, based on findings.

Boeing Aerospace Operations Houston, TX

MANAGER, SUPPLIER FINANCIAL COST ANALYSIS Apr 1992-Jul 1998

Established supplier financial cost analysis function at subsidiary; effectively executed risk evaluations, source selections surveys, and source selections.

Executed the supplier financial analysis function as required by Boeing policies and procedures, which included reviewing supplier proposals for completeness and accuracy, fact finding, analyzing costs and profit margins, and negotiating, to guarantee the best value for the company.

Demonstrated efficiency in performing procurement financial and cost analysis and negotiation functions for the NASA contracts in Houston, thereby decreased supplier flexibly priced contracts by an average of 15 percent.

The Boeing Company Wichita, KS

LEAD SENIOR PROCUREMENT FINANCIAL COST ANALYST

Carried out various functions such as fact finds, cost and financial analyses, forecasting, computing systems, report writing, and negotiations, both nationally and internationally. SHERRY PRICE, MBA, CIA

3333 Allen Parkway, Unit 910 Houston, Texas 77019 832-***-**** acw37t@r.postjobfree.com LinkedIn URL: http://www.linkedin.com/in/sherry-price-cia-mba-55690320 3 P a g e

Utilized keen eye for details in organizing data for weekly and monthly reporting, as well as evaluating and signing purchase and change order agreements.

Performed key tasks such as developing, and approving RFQ’s (requests for quotes) and RFP’s (requests for proposals), and monitoring incoming proposals for adequacy.

Mentored and trained procurement analysts.

VENDOR FINANCIAL COST ANALYST

Earned the greatest negotiation reduction average of 20% for the division which saved the company several million dollars on supplier proposals.

Generated optimum schedule and inventory turn rates and procurement financial cost analysis studies, as well as cost and schedule risk analysis.

Proactively partook in exchanges and meetings with Boeing program management, engineering, manufacturing, supplier management, legal, and contracts.

Developed strong working relationships with, both, customers and vendors. SKILLS

Proficient in Microsoft Office Excel, Word, and PowerPoint.

SharePoint

ERP Systems (SAP, Deltek)

EDMS (Electronic Data Management System)

EDUCATION AND CREDENTIALS

MASTER OF BUSINESS ADMINISTRATION, WITH CONCENTRATION IN INTERNATIONAL BUSINESS University of Houston–Clear Lake Houston, TX May. 2000 BACHELOR OF BUSINESS ADMINISTRATION, MAJOR IN ACCOUNTING Missouri Southern State University Joplin, MO

CERTIFIED INTERNAL AUDITOR (CIA)

Institute of Internal Auditors (IIA) May 2002

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