THOMAS J. CONWAY, MBA
Address: **** ******** ******* ***, *******, GA 30040
Phone: 404-***-**** Email: adjnkd@r.postjobfree.com
LinkedIn: www.linkedin.com/in/Tom-Conway03
SOURCING / PROCUREMENT, PURCHASING, SUPPLY CHAIN
Professional Summary: Strategic and tactical Sourcing / Procurement Leader with 20+ years of progressive experience in Purchasing and Supply Chain Management, including international experience in low-cost countries; adept at spend management in excess of $350M
Skills and Expertise:
Sourcing / Procurement Business Strategy Operations Leadership
Purchasing / Production Departmental Liaison Contracts Team Development
Supply Chain Management Negotiations Metrics / Data Mentor / Coach
Suppliers / Vendors Cash Flow / Reports Cost Reduction Hiring / Retention
Raw Material Management Business Reviews Budgets Systems Analysis
Lean Initiatives Cost Modeling Kaizen Method Domestic / Global
Inventory Management Pay Cycle Process Kan Ban System Process / Policies
Career Highlights:
Delivered Year-Over-Year raw material cost savings: ‘14=$16M, ‘15=$21M, ‘16=$28M
Managed and led raw material RFP process that resulted in $25M savings
Strategically reduced supplier base 50% and leveraged business volume = $15M savings
Reduced supplier(s) lead-time 50% and improved service levels to manufacturing plants
Software and Systems: Oracle Enterprise One, JD Edwards, Microsoft Dynamics GP, Syteline, and Microsoft Office: Word, Excel, PowerPoint, Outlook
PROFESSIONAL EXPERIENCE
Price Industries Inc. 4/2019 – 1/2021
Director of Corporate Purchasing
Directed sourcing of Raw Materials, MRO, and Indirect with annual spend of $150M+
Led sourcing activity for copper, aluminum, steel, and motors worldwide
Developed vision and long-term planning of supply strategy to achieve goals
Led sourcing team of 9 people overseeing multiple factories in the United States
Provided scope, conducted risk mitigation, oversaw negotiation of contracts, and developed vendor relationships for strategic sourcing and indirect purchasing
Collaborated with Engineers and Product Development on cost reduction opportunities
Key Results:
Achieved $9 - $11M in cost reductions annually by executing RFP / category strategies
Negotiated new discount terms with strategic suppliers resulting in $700K opportunity
Increased on-time delivery of supply based to 98% by developing strategic supplier relationships to proactively address shortages and improve material availability
Price Industries Inc. 8/2018 – 4/2019
Purchasing Manager
Led purchasing team negotiations product development strategies in line with corporate initiatives to improve supply chain efficiencies, and to reduce the total cost of supply chain management, utilizing cost models to validate commodity strategies
Provided strategic direction and developed the Category Plan via leadership through coaching, involvement, and mentoring the team conducting the business administration
Tracked markets for base metals and precious metals to ensure best pricing; measured market trends to forecast supply chain management to finance and key leaders
Oversaw hedging of copper and fixed forward contracts on steel and aluminum
Created and presented quarterly commodity reviews updating management / business leaders of developments with current suppliers and competitive market trends that affected company’s short-term and long-term business strategy
Key Results:
Implemented new PPE vendor management system across the network and saved $300K
Reduced material shortages by 50% by ensuring safety stock levels were maintained and reflected business conditions; improved cycle count accuracy
Reduced steel and aluminum inventory days on hand by 45% or $900K by implementing new supply chain process
Independent Consultant 2/2018 – 7/2018
Assisted clients with ongoing Strategic Sourcing transition needs, which included aggregating and analyzing client spend information and contracts as part of the transition of new customers into host company's systems, and preparing Strategic Sourcing strategy recommendations to Account partners for execution
Comfort Revolution LLC 6/2017 – 1/2018
Director of Sourcing
Develop and implement overall global sourcing strategy
Negotiate supplier agreements that align with short/long term strategies of the company
Oversee daily purchasing activities
Work collaboratively with Product Development, Sales, Operations, and Suppliers to reduce cost, time to market and improve lead-times/quality/service level(s)
Renegotiate new payment terms to help improve cash flow
Implemented and manage supplier score cards and quarterly business reviews
Key Results:
Reduced PE film packaging costs by 30%
Reduced corrugated supplier base by 45% and saved $1.3M
Reduced lead-time with strategic supplier(s) by 50% for critical raw material components
Streamlined purchasing function improving service levels for internal/external customers
Developed and implemented new process for qualifying new suppliers and raw materials
Developed total cost of ownership analysis and cost modeling
Serta Simmons Bedding Company (Corporate) 9/2014 – 6/2017
Senior Sourcing Operations Manager
Ensured daily continuity for raw materials at 34 Just-In-Time plants for commodities
Supported implementation of new plant(s) layout and lean initiative
Led Best Practice Standardization team accountable to collaborate, identify, and enhance procure to pay cycle and to leverage the ERP system
Key Results:
Led Kaizen events with suppliers to improve service levels = $1.7M annual savings
Delivered Year-Over-Year raw material cost savings: ‘14=$16M, ‘15=$21M, ‘16=$28M
Reduced supplier(s) lead-time 50% and improved service levels to manufacturing plants
Serta Simmons Bedding Company (Corporate) 7/2011 – 9/2014
Commodity Manager
Managed company’s polyurethane and specialty foam commodities: annual spend $350M
Negotiated cost plus agreements with strategic suppliers
Key Results:
Managed raw material RFP process that resulted in $25M savings
Strategically reduced supplier base 50% and leveraged business volume = $15M savings
Sourced new domestic and international suppliers resulting in $5M savings
Established third-party distribution center to support the company’s strategic plan to expand its specialty business
Reduced supplier(s) lead-time from four days to one resulting in $2.1M inventory savings
Developed 2nd and 3rd tier supplier relationships to identify and reduce supply chain costs
Serta Simmons Bedding Company (Corporate) 2/2005 – 7/2011
National Purchasing Manager
Negotiated and administered National Supply Agreements for assigned commodities
Engaged as the SME lead for Oracle E1 implementation and successful launch of Manage Materials and Procure to Pay modules across the organization
Key Results:
Achieved $3.5M in cost savings for Simmons Juvenile Bedding business through analyzing and evaluating current supplier base
Worked on cross-functional projects with Marketing, Sales, Supplier Quality and R&D resulting in product innovations and cost savings of $2.5M
Successfully reduced FR fiber solution cost resulting in $2.1M savings
Re-bid PE film business resulting in $750K savings
Identified new domestic and international suppliers resulting in $2.7M savings
Launched e-invoicing with raw material suppliers to secure payment terms discounts
Created and deployed materials management “best practices” for Purchasing Managers
EDUCATION AND TRAINING
MBA: Global Operations & Supply Chain Management, Capella University, Online 2013
BS Degree in Industrial Management, Purdue University, West Lafayette, IN 1993
Certification Professional in Supply Management (CPSM) (In progress)
Negotiation class through Harvard Law School