Matthew S. Rice

adwkv0@r.postjobfree.com – Email www.linkedin.com/in/matthewrice72 – LinkedIn

Cell-704-***-****

QUALIFICATIONS SUMMARY

** ***** ** ********** ** Procurement, Sourcing & Supply Chain Management. Results driven professional with proven track record of success in roles with increasing levels of responsibility Strength in communicating with Executive Leadership, Engineering, and Finance, using both my experience and a 7 Step Strategic Sourcing and Procurement process to produce maximum results. BUSINESS EXPERIENCE:

Karma Automotive – Irvine, CA

Senior Director of Procurement & Supply Chain

01/22 – Current

Managing all the Global Supply Chain end to end, while leading the Procurement & Supply Chain for Karma Automotive with a spend of $750 Million and establishing techniques, Supplier Town Halls, Supplier Summits and bringing back the supply base after 2 years. Managing 1 Director of Total Quality, 1 Sr. Manager of Supplier Quality, 4 Supplier Quality Engineers, 1 Procurement Manager and 6 Procurement Specialists. Activities and Results:

● Created the first ever Supplier Summit bringing back over 200 supplier that have walked away, due to lack of production due to Covid and or lack of Payments.

● Negotiated new Payment structure for top 50 critical suppliers while reducing suppliers claims from

$175 Million to $110 Million, While holding the business integrity for current and new platform builds in 2022 -2025.

● Re-sourced over 30 suppliers due to Geo-Political climate while driving down cost in R&D, Tooling, VAT, Duties, and most of all Global Shipping cost with an overall current BOM reduction from $125K to $105K.

● Improved business plan Q3 -Q4 2022 Current and New Platform launches for 2023 -2025, 2 % to 7.5% Vs. Sales with a reduced overall 2022 - 2025 target by more than 100% of goal. Faraday Future – Garden, CA

Senior Procurement Manager FF91 Electric Vehicle

01/21 – 11/21

Managing & leveraging the latest technologies, using a user-centric approach for Procurement within Supply Chain. Leading the Supply Chain Department for Faraday Future Electric Vehicle manufacturing with a spend of $2.5 Billion and establishing a new supply base. Supervising 7 Procurement Specialists and 4 SQE’s. Activities and Results:

● Leading the benchmarking process for a competitive cost structure through market analysis, TCO & Should Cost Modeling. Identified inefficiencies and cost gaps in already sourced commodities. This resulted in total bottom-line savings of $650MM over the next 5 years.

● Developed material cost forecasts and estimates for commodities based on engineering design and specifications. Leveraging long term agreements for Raw materials. Total cost reduction impact of

$100MM over next 5 years.

● Negotiated improvement in payment terms with vendors resulting in 2021 cash flow improvement of

$65MM.

● Improved previous business plan Q1 and Q2 2021 material cost savings target from 10% to 20% and reduced overall 2021 target by more than 100% of goal. SSAB – Northport, AL

Senior Procurement Manager

06/19 – 12/20

Leading the Northport facility in a new procurement process with results for 2019 in inventory turns from 3 to 5.9, with cost saving of $1.6MM, payment terms improvements from 30 to 65 days with a selected supply base and cash flow improvements in excess of $250K YOY. Activities and Results:

● Implemented new oversea drop shipment program from China to Chile, South Africa, Canada, and Australia, with over $5MM in Sales and 5% unbudgeted EBIT.

● Managing inbound and outbound shipments, domestically and internationally, while reducing shipping cost per container from $3k to $2K with annual saving of $250k.

● Overseeing and managing all vendor contracts and supply agreements for raw materials and indirect spend, with a cost saving of $4436K.

● Improved previous business plan material cost savings target from $1.5MM to $5MM and improved over 2019 actual by more than 200% of targeted goal. Wingu Trade Solutions – Cape-Town, South Africa

Senior Director of Procurement

01/17 – 01/19

Managing Consultant for ACOM and The Republic of South Africa in a highly risk averse, compliance driven environment. Conducting research and analyzing the supply marketplace, maintaining working knowledge of business trends including industry issues, cost drivers, pricing, market conditions, and economic indicators. Activities and Results:

● Providing guidance to the Government of the Republic of South Africa for establishing policies and processes for the Procurement of all Government vehicles and office equipment. Resulted in a savings of $40MM, representing a reduction of 10% for Vehicle purchases and 15% for office Equipment.

● Assisting in the analysis, design, build-out and automation of sourcing events.

● Lead the Market Intelligence analysis to set the stage for category profiling and sourcing events. Total cost reduction of 5% YOY during Sourcing events with Regional and Local suppliers.

● Contributing to post-contract sourcing delivery success in savings, compliance, and buying channel optimization.

● Leading efforts to redesign strategic sourcing and procurement team alignment for improved work processing.

● Managing and negotiating supply agreements across a range of commodities and complexity resulting in cost saving of 9.3% YOY with total spend of $40MM. SMR Automotive – Detroit, MI

Senior Director of Procurement South/North America 01/16 – 01/17

Contributor to key business strategic and development plans for the America’s, and active member of the North

& South America executive committee. Developed and maintained the purchasing strategy for the America’s to minimize total cost to the business relating to the procurement of external goods and services. This has been achieved through leading the development and improvement of a world-class Automotive Purchasing Team. Managing a team of 31.

Activities and Results:

● Head of the Business Unit’s in the Purchasing organization: 3 operating companies throughout the America’s (Mexico, Brazil, and USA). With cost reductions in the USA 10%, Mexico 9% & Brazil 4% YOY.

● Management of Production & Non-Production spend. - Lead development and implementation of global and regional Purchasing strategies and processes with the objective of minimizing total business costs, resulting in improvement in EBITDA of 22% year over year.

● Develop and execute regional and strategic sourcing initiatives in co-operation with global cross- functional executive teams for the optimal procurement of external goods and services.

● Lead the process of annual purchase price reduction by setting clear targets (business planning), providing training and development opportunities to purchasing staff, and closely monitoring and reporting results. Reducing overall costs by 3.1 % YOY beating targeted budget.

● Identify global savings performance for commodities, develop a subsequent regional commodity strategy and drive its execution.

● Lead the development and growth of suppliers, monitor troubled supplier exits and resourcing plans and ensure the optimization of the region’s inbound supply chain. Reduced supply base from a more central approach and achieved cost saving of $5MM in Logistics and SKU reductions. Federal Mogul – Chicago, IL

Director of Procurement, Direct & Indirect Materials 06/11– 12/15

Responsible for objectives realization, purchasing index, quality level and raw materials cost reductions. Setting up and implementing Purchasing Best class’s process and procedures. Drawing up and managing the annual global purchasing budget. Managing and ensuring effective systems of material and service supply according to all plants business needs. Supervising a global staff of 3 Purchasing Managers in South Africa, Argentina, and Mexico with 2 Purchasing Specialists in North America with a global spend in steel $129MM, rubber $98MM, purchased components $152MM and Indirect $56MM. Activities and Results:

● Deploying the division purchasing strategy in four purchasing processes: build a supplier base, enhance suppliers’ progress, integrate suppliers into projects, and integrate suppliers into day-to-day operations. With results of payment term improvements that have affected cash flow and balance sheet by $1.9MM in 2013.

● Effectively managing sourcing strategies from beginning to end, this includes interface with specific commodity teams and plant stakeholders by creating cross-functional teams. Resulted in direct material cost saving year over year of $6.7MM.

● Analyzing trends and market conditions for the present and future pricing, availability, lead-time, and capacity of goods and services. With effective results in inventory turns from 15 to 8 days on direct material, with improved cash flow of $516K.

● Capitalizing on all purchasing opportunities, future & current, to create the highest leverage across all commodities. Setting negotiation strategy and direction for commodity negotiation settings include appropriate staff and executive team members. With improvements to the EBITDA 6% year over year.

● Participate and lead operations strategy development through yearly Business Plan, strategy focus and Top Plant Priorities definition. With indirect cost saving year over year of $1.5MM.

● Exceeded previous business plan material cost savings target by more than 100% for Q1 2011 and exceeded 2012 by more than 150% of targeted goal, leading the division in this metric year over year. PREVIOUS EXPERIENCE:

Electrolux Major Appliance, Springfield, TN & Montréal, Canada Divisional Purchasing Agent & Advanced Purchasing Agent “Electronics” 02/09– 06/11

Moduslink, Raleigh, NC

Global Commodity Manager

10/07– 10/08

PT Systems, Mexicali / Tijuana, Mexico

Global Sourcing Manager

11/01– 05/07

EDUCATION

Campbell University

● Bachelors in business administration

● Associates in Administration

CERTIFICATIONS

● Certification in Supply Chain Management “Massachusetts Institute of Technology, Sloan University”.

● Certification in Negations for Executives “Massachusetts Institute of Technology, Sloan University”.

● Certification in Strategic Procurement & Sourcing “AT Kearney”.

● Certification of Achievement SMR Automotive “Targeted Saving 2.69% Vs Actual 3.1% over Sales”.

● Certification in TS & ISO 16949 “Certified Internal Auditor”. LANGUAGE SKILLS

● Proficient in Spanish and Portuguese at a level of 90% Verbal, 70% Reading and Writing.

● Proficient in English at a level of 100% Verbal, 100% Reading and Writing. COMPUTER SKILLS

● Proficient in MS office applications including Word, Excel, PowerPoint and Access.

● APICS

● SAP ERP & S4 Hana

● SAP ARIBA

● ORACLE ERP & MRP

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