MICHAEL PRITCHARD, MBA

**** **** ****** ****

TAMARAC, FL 33319

954-***-****

adf9jb@r.postjobfree.com

PROFESSIONAL SUMMARY

Results oriented, accomplishments in Procurement, Inventory Management, Strategic Sourcing, Materials Management, Cost Control and Contract Negotiations. Successful reducing operating costs 10-30 percent annually through Strategic Sourcing.

QUALIFICATIONS

PURCHASING PROCESSES

SUPPLIER MANAGEMENT

LOGISTICS/MATERIALS MANAGEMENT

FORECASTING

INVENTORY CONTROL

CONTRACT NEGOTIATION

COST CONTROL

STRATEGIC SOURCING

STAFF MANAGEMENT/DEVELOPMENT

Association Memberships

Institute for Supply Management and American Production Inventory Control Member.

ACCOMPLISHMENTS

Achieved budgeted monthly raw material and inventory turn goals for Taurus, improving cash flow 20%.

Improved packaging distribution channels to achieve required production levels in the most cost-effective manner, reducing operations costs 23%.

Negotiated multi-million-dollar corporate purchase contracts. Established guidelines, evaluated and negotiated supplier stocking programs, payment terms, price, freight and rebates. Reduced operating costs 13%.

Identified deficiencies in supply chain metrics, established a base measurement. Improved inventory turns, carrying costs and inventory accuracy. Increased customer service levels to 98%.

EXPERIENCE

06/2018-PRESENT

SCHROTH SAFETY PRODUCTS

Schroth Safety Products develops and manufactures a large variety of restraint systems for the aviation industry.

PURCHASING MANAGER

Executed Production Plan using MRP system to plan Master Production schedules based on sales forecasts, production capacities, inventory and lead times.

Launched a sourcing project due to poor quality and market conditions. Sourced steel housings, improving quality and reducing cost of materials $200,000.

Reduced to defects of raw and pre-assembled materials from 18% to 5%, through collaborative root cause analysis and the implementation of a ‘Supplier Corrective Action Reporting System.

Developed dual source for restraint hardware, reduced dependency on single source, consolidated 3rd tier sources reducing costs 12% and improving quality.

12/2012-06/2018

TAURUS INTERNATIONAL MANUFACTURING COMPANY

Forjas Taurus is a diversified, international company and one of the largest small arms manufacturers in the world.

MATERIALS MANAGER

Managed/Trained/Developed warehouse personnel to perform cycle counts, FIFO inventory control and manage serialized inventory. Developed metrics and KPI’s aligned with corporate goals.

Integrated new 3PL Logistics software, identifying the most economical routing for small package and LTL, reducing logistics costs; 2%

Sourced, negotiated and strategized cost savings initiatives resulting in over 1M in cost savings in 2018 enabling Tauris to invest in long term strategic growth.

Reduced raw material costs 72% for forged firearm frames and receivers, consolidated supply base resulting in $431,000 cost savings.

Consolidated supply base for revolver packaging, reduced logistics and material costs; 40%.

Developed inventory and production reports, classifying inventory, identifying and reducing slow moving inventory 18%.

09/2009-12/2012

ELKAY MANUFACTURING COMPANY

Manufacturer of Stainless-Steel commercial sinks, water coolers and restaurant equipment.

PURCHASING/SOURCING SPECIALIST

Improved overall service levels for raw materials from 88% to 94.5%, identified unacceptable supplier OTD, initiated metrics and standards for all suppliers.

Identified deficiencies in the demand planning forecast model, through the analysis of Time series, Linear Prediction and Trend estimation, reduced the gap between forecast and demand from 20% to 3%.

Reduced top defects of raw materials from 18% to 5%, through collaborative root cause analysis and implementing a Supplier Corrective Action Reporting system.

08/2005-09/2009

ADHESIVES TECHNOLOGY CORPORATION

Specialize in construction related adhesives, coatings, joint fillers, specialty cementations, grouts and repair products.

MATERIALS RESOURCE PLANNER

Created production schedules based on monthly sales forecasts, streamlined operations, minimized machine set-up times and managed off-site labeling operations.

Launched quarterly physical inventories due to a 20% physical inventory variance at year-end, reduced inventory variances to 1% quarterly.

Trained staff to utilize FIFO inventory system, eliminating excess inventories 26%.

EARLIER WORK EXPERIENCE

Graymills Corporation

Production planner/Buyer

McMaster-Carr Industrial Supply Company

Inventory Control Analyst, Buyer

EDUCATION

NORTHEASTERN ILLINOIS UNIVERSITY Chicago, IL

Bachelor of Science, Business Management Major with Marketing Minor.

Certified Professional in Supply Management

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