Member Team Precious Metals

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Michael Hubbard resume.docx

MIcHAEL HUBBARD 808-***-****

*********@*****.***

PURCHASING DIRECTOR

An accomplished buyer and purchasing leader who offers track record of achievement in astutely managing

inventory levels for both perishable and non-perishable commodities, ensuring operations are properly supplied

to achieve operational and financial objectives. Demonstrates excellence in recruiting, training, and managing

teams in procurement activities while directing projects and initiatives that lead to cost savings and efficiency

gains. Experience includes working with suppliers and vendors across the US, Europe, and Latin/South America.

CORE STRENGTHS: TEAM LEADERSHIP — OPERATIONS MANAGEMENT — PROCUREMENT/BUYING ~ SUPPLIER RELATIONS.

INVENTORY MANAGEMENT ~ SOURCING ~ TRAINING & DEVELOPMENT ~ STRATEGIC PLANNING ~ COST CONTROLS

PRoFiT OPTIMIZATION — NEGOTIATIONS ~ COMMUNICATIONS ~ CUSTOMS RELATIONS — DOCUMENTING/REPORTING

SELECT CAREER HIGHUGHTS

‘* Managed a team of six buyers at Young's Market Company of Hawaii, overseeing the procurement of wine

and spirits from dozens of US and international suppliers with total on-hand inventory valued at $20M.

* Conceived and implemented strategies for cost savings and efficiencies, lowering logistics/freight expense

by as muchas $90K per year while achieving goals of 9% to 12% profit margin,

* Provided training and strategicleadership for team members, developing their product knowledge as welll

as negotiations, communications, and portfolio management skills.

* Oversaw sourcing and procurement of a range of commodities, including wine, spirits, and beverages as

well as lumber, building equipment, containers, and precious metals (gold and silver)

PROFESSIONAL OVERVIEW

YOUNG'S MARKET COMPANY OF HAWAII 1998-2019

Director OF PURCHASING (2013-2019)

* Leda six-member team, overseeing buyersin managing multimillion dollar portfolios ($3Mto $SM each),

working with 30 to 40 domesticand international suppliers for wine and spirit purchases.

‘* Managed a $20M on-hand inventory foritems with 45-day to 120-day stock time.

‘* Devised and implemented strategies and action plans to reduce logistics costs by as much as $90K while

achieving 9% to 12% brand profitability margins.

‘+ Headed projectto eliminate excess inventory, working with internal partners to ell product at other

locations and negotiating reduced prices for third-party bulk sales; prevented $700k in waste as a result

* Hired, trained, and developed team members in negotiations and buying strategies.

‘* Administered projects, operation targets, product demand, and supplier performance fiscal goals.

* Collaborated with customs brokers to ensure international shipments clearand fees are paid

* Prepared service level reports forthe executive management team

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