Purchasing Specialist

MICHAEL PRITCHARD

**** ** **** ******, *******, Florida 954-***-****

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

PROFESSIONAL SUMMARY

Innovative, results oriented leader who has consistently delivered benchmark results for global manufacturing and distribution enterprises. Broad functional experience in Purchasing, Strategic Sourcing, Cost Control, Contract Negotiations, Inventory Control and Supply Chain processes. 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, improving cash flow 20%.

Improved packaging distribution channels to achieve required production levels in the most cost-effective manner, reducing operations costs 23%.

Negotiated 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

2019-PRESENT

GHOSTBED/NATURES SLEEP

Ghostbed by Natures Sleep designs, develops, and manufactures quality sleep products for the Bedding industry.

PURCHASING/QUALITY COMPLIANCE ANALYST

Launched an innovative “Supplier Evaluation Program”, established processes and procedures, measuring suppliers Serviceability, Quality and Cost Saving initiatives. Classified suppliers; Elite, Developing, High Risk and Probationary.

Reduced defect rates from 15% to 1.5% for all adjustable base frames by reducing and redesigning the carton to minimize handling, total annualized savings; $600,000.

Identified and managed compliance risks and regulations assessed their impact and developed strategies to mitigate the risks.

2018-2019

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 inferior quality and market conditions, improving quality and reducing material cost $200,000.

Reduced defective 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, reduced dependency on sole source, consolidated third tier sources reducing costs 12% and improving quality.

2012-2018

TAURUS INTERNATIONAL MANUFACTURING COMPANY

Forjas Taurus is a diversified, international company and one of the largest small arms manufacturers in the world.

MATERIALS SPECIALIST

Sourced, negotiated, and strategized cost savings initiatives resulting in over 1M in cost savings in 2018 enabling long term strategic growth.

Reduced raw material costs 72%, consolidated supply base resulting in $431,000 cost savings.

Developed inventory and production reports, classifying inventory, identifying, and reducing slow moving inventory 18%.

Trained, developed, and managed material handlers to perform cycle counts, FIFO inventory control and manage serialized inventory. Consistently achieved monthly departmental metrics and KPI’s.

Integrated new 3PL Logistics software, identifying the most economical routing for small package and LTL, reducing freight costs; 2%

2009-2012

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 forecasting, reduced the gap between forecast and demand from 20% to 3%.

EARLIER WORK EXPERIENCE

Adhesives Technology Corporation, Materials Resource Planner.

Graymills Corporation, Production planner/Buyer.

McMaster-Carr Industrial Supply Company, Inventory Control Analyst/Buyer.

EDUCATION

ROOSEVELT UNIVERSITY Chicago, IL

Master of Business Administration, Operations/Economics

NORTHEASTERN ILLINOIS UNIVERSITY Chicago, IL

Bachelor of Science, Business Management Major with Marketing Minor

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