SRINIVAS PINAPATI

**** ***** ***** **, *-mail: acx20o@r.postjobfree.com

Collierville, TN-38017 Cell: 949-***-****

QUALIFICATIONS SUMMARY

Dynamic Supply Chain leader with solid background managing Global Operations, providing positive and results-oriented leadership. Excellent record of successfully restructuring work processes to significantly increase quality and productivity. Demonstrated ability to supervise and coach staff members and peers while developing a positive team environment. Strong background collaborating with departmental managers to advance company initiatives and lead significant change.

● Leadership ● Strategic Sourcing ● Project Management

● Lean Manufacturing ● Supplier Qualification ● Regulated Industry Experience

● Inventory Management ● Operations Planning ● Operated in Matrix Organizations

● New Product Introductions ● Acquisitions ● Managed Cross Functional Teams

PROFESSIONAL EXPERIENCE

Wright Medical, Memphis, TN / Tornier, Minneapolis MN

Global Director of Strategic Sourcing: July 2012 – September 2016

Established Global Sourcing function at Tornier. Centralized & Streamlined Sourcing Operations from seven regions to Minneapolis and integrated processes to add significant value to Tornier. Managed $250 Mil in Spend & over 500 Suppliers Worldwide and directly supervised Direct & Indirect Sourcing Managers and US Planning Managers.

oDeveloped & Executed an Objective & Multi-Factored Global Sourcing Scorecard Program.

oIdentified & Analyzed Spend to effectively Segment Supply Base.

oTrained Team to Develop Commodity Strategies and Implement Global Supplier Relationship Management.

oEstablished ‘Purchase Price Variance’ Tracking and generated an average 5% Savings YOY.

oImplemented Supplier Rebate Program to Consolidate & Leverage Tornier Instrument Spend

oEstablished Key, Strategic Suppliers as an ‘Extended Manufacturing’ unit to facilitate Flexibility in Internal Manufacturing to cope with Demand / Capacity Fluctuations

oConsolidated all ‘Sports Medicine’ Sub-Contracting to Strategic Suppliers and decreased cost by 30%

oEstablished ‘Project Management’ function in Global Sourcing to efficiently support Make Vs Buy Decisions and ‘In / Out’ Sourcing Projects.

oLed the Data Management Team to support ERP (JD Edwards) Implementation at Tornier

oTransferred all Planning, Sourcing & Distributions Operations from Tornier Acquired OrthoHelix to Minneapolis.

oDeveloped ‘US Planning’ Function to Implement S&OP in Minneapolis. Consolidated Global Demand Planning to Increase Forecast Accuracy & Service Levels.

Covidien / ev3, Irvine CA

Sourcing Manager: August 2009 – July 2012

Planning Manager: February 2007 – August 2009

Developed Sourcing Strategies to leverage Spend and minimize Risk. Negotiated multi-year contracts with Suppliers to reduce cost. Managed Commodity teams to implement Sourcing Strategies, Cost Improvement Projects and achieve Purchase Price Variance goals. Managed Cross functional teams and achieved significant results under tight timelines. Nominated for ‘ev3 Impact’ Award in 2011 for Sourcing Excellence.

oManaged $43 Mil in Spend and directly supervised a team of Commodity Managers, Buyer/Planners, Warehouse Manager, MRO Buyer, R&D Buyer and Demand Planner

oSuccessfully developed Sourcing strategies to align with the Corporate strategy of increasing gross margins from 73% to 90%

oNegotiated multi-year Supply agreements to bring over 80% of Spend under Management

oDeveloped & Implemented an Inventory Management Program to bring 57% of Spend under kanbans. Negotiated Kanban agreements to minimize stock outs and reduce raw material inventory levels from $16 Mil to $9 Mil increasing Inventory Turns from 1.8 to 4.0

oReduced Material Standard Costs by 7% YOY and consistently achieved PPV targets in excess of $1 Mil every year by effectively managing all available Strategic Sourcing Levers

oNegotiated with Supply Base to change Payment Terms from N30 or N45 to N60. Converted 50% of Spend to N60 in less than a year

oNegotiated existing Royalty agreements to reduce Royalty Rates saving $3.5 Mil

oDeveloped & Implemented Precious Metal Management Strategy to ‘lock-in’ fluctuating Platinum prices. Pegged fluctuating currencies to a fixed US Dollar exchange rate to eliminate unfavorable pricing impact

oConsolidated Supply Base to reduce the number of Suppliers from 147 to 82 thereby increasing leverage and reducing costs

oDeveloped & Implemented Supplier Segmentation, Business & Quality Risk tools to effectively segment the Supply Base for dispassionate decision making

oCreated & Published the ‘Global Sourcing Scorecard’ for Irvine

oDeveloped a Supplier Database for accurate MRP data collection

oManaged Overseas Suppliers in Europe and Asia to achieve cost targets, negotiate flexible capacity and improve delivery performance

oImplemented a Sub-Contract Strategy to effectively make ‘Make Vs Buy’ decisions to either In-Source or Out-Source Product to deliver positive NPV to the business.

oConducted Semi-Annual Business Reviews with Strategic Suppliers for Continuous Improvement

oDeveloped processes to generate a 12 month rolling production plan based on Distribution Center Reorder Points. The plan was then used to plan capacity & head count in Operations.

oImplemented Production Control processes to migrate to ‘Pull’ systems by developing tools such as ‘Perfect Build Mix’ and ‘Auto-Sequencers’ to significantly reduce Backorders and also reduce Finished Goods inventory levels

oImplemented an effective S&OP process by successfully collaborating with Marketing, Finance and Production which increased forecast accuracy by 8%

oIncreased MRP data accuracy by implementing procedural controls for Planners and reduced raw material E&O to near zero by implementing effective Planning & Purchasing Policies

Zimmer Spine

Inventory Control & Receiving Supervisor: August 2004 – February 2007

Logistics Analyst: December 2003 – August 2004

Set-up the Inventory Control department at Zimmer Spine. Restructured the Receiving department to increase efficiency. Developed and implemented the Cycle Count program that contributed to 15% increase in accuracy of inventory. Streamlined the stand-alone Biologics department into parts bank operations. Part of the management team that reduced headcount by 20% solely by increasing efficiencies in processes. Received the Zimmer individual ‘Outstanding Commitment to Quality’ award in for superior performance in 2005.

oLead Distribution Center Activities to develop and implement key systems and processes for the ongoing management of Excess and Obsolete product to include the recovery, rework and repackaging efforts of field based product.

oLed the ‘Process Mapping’ project team which successfully mapped all key processes within the organization. Subsequently this effort led to Zimmer Spine Distribution Center’s successful passage through a spotless FDA audit and identification as a “Best Practice” in the Zimmer Corporate internal audits.

oDeveloped, implemented and managed the highly efficient cycle count program, achieving 99.2% Gross and 99.7% net inventory accuracy for the entire FG warehouse.

oImplemented wholesale Process Improvements to address capacity concerns and improve response time in the Receiving Function. Specific activities included; advance inbound PO planning tool for work-loading/headcount staffing, process re-layout for labor efficiency and space savings, establishment of throughput goals and cycle time improvement, enhanced prioritization methods/systems to address pending service level issues, automating process for efficient inbound “put-away” activity, and implementation of fail-safe methods of error detection and correction.

EDUCATION & AFFILIATIONS

Master of Business Administration (MBA) – Finance

The University of Memphis, 2003

Master of Science (MS) – Engineering Technology

The University of Memphis, 2002

Bachelor of Engineering (BE) – Mechanical Engineering

Karnatak University, India, 1999

Post Graduate Diploma in Computer Applications (PGDCA)

JNTUC, India, 1995

Certified Supply Chain Professional (CSCP)

APICS, 2011

ISM – Contract Management, Commodity Teams & Excellence in Strategic Supply Management

Karrass – Effective Negotiating

PMI – Project Management Methodology & Leadership (14 Hours)

Member of APICS

Member of ISM

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