Procurement, Logistics, Materials management, strategic sourcing.
Resume:
MICHAEL PRITCHARD, MBA
TAMARAC, FL 33319
*************@*****.***
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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