Raw Materials Procurement Manager

Megan Holman

Marlboro, NJ

Cell: 732-***-**** Email: ***********@***.***

SUMMARY: 20 years extensive experience in purchasing and sourcing i.e.: Chemicals, Raw Materials, Components and Secondary Packaging, Equipment, Food and Pharmaceutical ingredients, MRO, and Office Supplies.

Microsoft Office (Proficient All Programs),

APICS, MRP, ERP, GMPs, 5S Lean Manufacturing Principles

EMPLOYMENT

ASPIRE PHARMACUETICALS Manufacturer Soft gels, Somerset NJ (Hybrid as needed)

Procurement Manager: Raw Materials, Components & MRO January 2024 – August 2024

●Leveraged ERP and operational systems to negotiate contracts, securing improved pricing and terms with suppliers. Conducted thorough reviews of new business opportunities, employing negotiation and procurement best practices to achieve cost savings.

●Monitored and analyzed market trends, providing monthly reports on market conditions to ensure compliance and drive proactive cost reductions in response to market fluctuations.

●Delivered regular briefs, updates, and reports to sales and management on anticipated price changes, enabling proactive adjustments to maintain profitability.

●Developed and implemented a strategic buying approach aligned with budget constraints, optimizing vendor selection for essential supplies.

●Managed contracts for raw materials, negotiating terms with both current and potential suppliers to ensure continuous supply of critical materials.

●Conducted detailed reviews of Purchase Price Variance (PPV) reports and consistently assessed financial risks associated with purchases.

●Achieved recognized savings of $539,000 within seven months, positively impacting the bottom line.

●Sourced and onboarded new suppliers for innovative raw materials, collaborating closely with R&D to align with product development initiatives.

●Oversaw both international and domestic sourcing efforts for raw materials, addressing both current and future purchasing demands.

●Partnered with Finance to ensure adherence to budgetary constraints, optimizing purchasing processes for fiscal efficiency.

SUITE-K VALUE ADDED SERVICES Contract Manufacturer/Filler, Personal Care, Cosmetics, & Hair Care, Edison, NJ (6 Years Remote, 1 Year Hybrid Schedule – In office as needed)

Purchasing Manager: Raw Materials, Components & MRO July 2017 – September 2023

●Reviewed and processed all requisitions for raw materials and components, based on daily MRP report for over 400 items with an annual spend of $12.5MM.

●Introduced several raw materials with new manufacturers and distributors resulting in year-over-year savings ranging from $30,000 - $50,000.

●Renegotiated new copier leases and office supply pricing agreements for an annual saving over $8,000.

●Created a new pallet contract with a new supplier for an annual savings of $4,400.

●Completed blanket orders for high volume raw materials for an annual saving of $30,000.

●Secured additional tanker loads through new suppliers of Alcohol (SDA 40 proof) during the pandemic to continue to produce alcohol sanitizers and gels for hospitals, grocery stores, and distribution centers for various customers.

●Worked closely with Lab to secure alternate/substitute materials to avoid lengthy lead times. and at times, avoid cost increases.

●Reviewed and costed all new and reformulated Bills of Materials for accuracy once entered into the operating system.

●Worked closely with Finance to maintain accurate current standard costs due to rising costs during the pandemic.

●Reviewed and resolved all invoice discrepancies with Finance as well as weekly review of vendor payment schedule.

●Completed all required GMP’s as directed.

●Established terms with over 60 vendors. All vendors were on COD/CIA in 2017.

COSMETIC ESSENCE INNOVATIONS Contract Manufacturer/Filler, Fragrances, Cosmetics, & Hair Care, Holmdel, NJ

Senior Purchasing Agent: Raw Materials & Components January 2005 – March 2017

●Managed the planning and purchasing for all raw materials with an annual spend of over $55.9MM

●Managed component purchases for all turnkey customers with an annual spend of $45MM.

●Negotiated blanket orders, and contracts securing cost savings of $1.2MM in 2016.

●Negotiated a successful cost savings program for 50+ new forklift contracts in 2016/2017.

●Completed a successful RFQ for 53 new copiers with a new vendor resulting in $60,000 in cost savings for 2016.

●Maintained full knowledge of current market conditions for all commodities – resins, PP, PE, crops, edible oils, newsprint, lumber, metals, energy, natural gas, etc.

●Created and adhered to an annual purchasing budget based on future market indices and market reports. (CMAI, CDI, farmers’ crop reports, etc.)

●Based on monthly market analysis for all commodities, cost fluctuations were anticipated and purchases were adjusted and renegotiated accordingly.

●Effectively costed Bills of Material, for both packaging components and bulk formulas, by means of an aggressive, pre-negotiated tiered pricing structure with various vendors resulting in over $1.5MM in new and existing business.

●Managed and reported monthly PPV for all purchases to ensure purchasing costs aligned with COGS and operating budgets.

●Reported monthly KPI's and cost savings reports.

●Renegotiated freight in contract for reduced freight in rates for all inbound purchases.

●Monitored and evaluated vendor performance in accordance with contracts, terms and purchasing policies.

●Coordinated with R&D Lab to reduce and maintain E&O raw materials through item and vendor consolidation.

●Developed full cycle strategic sourcing and procurement strategies.

●Created an extensive GMP library of practices. Trained purchasing staff accordingly to ensure compliance.

●Created an improved cross-functional communication process in order to meet customer and management expectations in a timely fashion.

KETO FOODS & SNACKS Manufacturer low carb foods and snacks and vitamin supplements Neptune, NJ

Purchasing Manager/Inventory Control February 1999 – October 2004

●Placing, processing, and expediting of all purchase orders for raw materials, packaging supplies, and office supplies.

●Evaluated production usage and waste to insure accuracy of COGS and production yields.

EDUCATION

Tampa University, Tampa, FL Business, Finance

The Stuart School of Business Administration. Wall, NJ Certified Legal Program

●Maintained all Bills of Material: data entry, costing and verification of accuracy.

EDUCATION

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