Strategic Sourcing Inventory Management

****.***********@*****.*** • 647-***-****

JEFF RUSSELL

Director of Purchasing & Strategic Sourcing

PROFESSIONAL SUMMARY

Director of Purchasing & Strategic Sourcing with 20+ years of experience, pioneering innovative procurement strategies that drive significant cost savings and operational efficiency. Expert in supplier relationship management, Six Sigma Lean Purchasing, and global logistics, consistently aligning purchasing strategies with organizational goals. Proven leader in mentoring teams and leveraging data-driven insights to forecast market trends and optimize inventory management. EMPLOYMENT HISTORY

DIRECTOR OF PURCHASING & STRATEGIC SOURCING Mar 2023 - Jun 2024 Merrithew International Inc. Scarborough

CORPORATE PURCHASING & INVENTORY MANAGER Mar 2020 - Mar 2023 Miller Waste Systems Inc. Markham

Managed a total spend of $25M, encompassing both direct material (aluminum, steel, fabrics/vinyl, industrial supplies) and indirect material (uniforms, office supplies, printed material). Led global sourcing, reducing costs by $600K, enhancing supplier performance. Negotiated contracts, reducing costs by 5-7%, improving cash flow and supplier relationships. Created and aligned purchasing strategies with organizational goals through cross-functional collaboration. Monitored $5-6M monthly inventory, resolving production shortages proactively. Developed and implemented a supplier diversity program, increasing the number of diverse suppliers by 20% and achieving a 10% increase in supplier diversity spend.

Negotiated global logistics contracts, reducing total freight costs to 12c/lb. on 75TEUs annually Identified VMI opportunities for industrial components, achieving significant savings in material costs and inventory reductions.

Researched and evaluated suppliers based on price, quality, selection, service, support, availability, reliability, production, and distribution capabilities

Conducted detailed market analysis to identify cost-saving opportunities, resulting in measurable improvements in procurement strategies.

Developed and implemented purchasing policies and procedures. Managed a total spend of $200M of direct material (automotive parts, fuel, shop supplies), indirect material of $5-7M (travel, facilities maintenance, rental program, uniforms) and a CAPEX spend of $15-20M Optimized inventory using data analytics, boosting financial performance and operational efficiency. Negotiated supplier partnerships, enhancing product quality and reducing costs. Developed and implemented a supplier diversity program, increasing the number of diverse suppliers by 20% and achieving a 10% increase in supplier diversity spend.

Monitored $2-3M monthly inventory, resolving part shortages to ensure fleet service within 24-48 hours. Implemented pCard program, improving purchasing efficiency and reducing costs by 60%. Identified VMI opportunities for industrial components, achieving significant savings in material costs and inventory reductions.

Secured supplier contracts, achieving $5M annual cost savings, representing 8% of total spend. Developed and implemented purchasing policies and procedures. PURCHASING MANAGER Sep 2019 - Feb 2020

ABS Machining Mississauga

DIRECTOR PROCUREMENT Aug 2018 - May 2019

Samuel, Son & Co. Hamilton

DIRECTOR PROCUREMENT Jul 2004 - Aug 2018

Crane Supply Vaughan

EDUCATION

BACHELOR OF ARTS HONOURS Jun 1995

Carleton University

BACHELOR OF ARTS LAW AND SOCIOLOGY/ANTHROPOLOGY Jun 1994 Carleton University

DIPLOMA IN BUSINESS ACCOUNTING Jun 1990

Algonquin College

SKILLS

Six Sigma Lean Purchasing, Global Sourcing, Strategic Development, Negotiation, Global Trade Compliance, Inventory Management, Spend Analytics, Project Management, Market Trend Analysis, Team Mentoring & Coaching, Policy Compliance, Forecasting & Scheduling, Capital Purchasing, Supplier Relationship Management, ERP Systems, Global Logistics, Freight Management, Social Procurement, Direct and Indirect Purchasing. Managed a total spend of $200M of direct material (fabricated steel and steel plate, industrial shop supplies) and indirect material of $5M (office supplies, printed material, facilities maitenance) Led global sourcing, saving $1.2M annually while ensuring product quality. Analyzed market trends and supply chain data, improving inventory management and reducing lead times. Monitored $2-3M in monthly inventory, identifying and resolving shortages proactively. Implemented VMI for critical components, enhancing purchasing efficiency and reducing stock-outs. Integrated advanced analytics for data-driven purchasing decisions, forecasting market trends effectively. Mentored team members, facilitating professional development and skill enhancement, while overseeing multi-million dollar monthly inventory management.

Researched and evaluated suppliers based on price, quality, selection, service, support, availability, reliability, production, and distribution capabilities

Developed and implemented purchasing policies and procedures. Managed a total spend of $3.1B across carbon steel products (coils, plates, structural). Led market analysis to identify cost-saving opportunities $1.1M, enhancing procurement efficiency. Analyzed carbon material trends, implementing strategies for improved procurement outcomes. Forecasted carbon material trends, implementing forward-thinking strategies to enhance procurement outcomes and maintain competitive advantage.

Managed a total spend of $250M of direct material (PVF (carbon, stainless, plastic), industrial supplies) and indirect material of $20K (office supplies, facilities maintenance)

Led global sourcing, achieving $3M annual savings while maintaining product quality. Optimized supply chain processes, improving supplier on-time delivery by 56%. Implemented e-procurement systems, enhancing vendor management and operational effectiveness. Monitored $32-35M in monthly inventory, resolving conflicts, improving customer fill rates to 98%. Conducted detailed market analysis to identify cost-saving opportunities, resulting in measurable improvements in procurement strategies.

Created and aligned purchasing strategies with organizational goals through cross-functional collaboration for 6-8% annual profit margin growth.

Researched and evaluated suppliers based on price, quality, selection, service, support, availability, reliability, production, and distribution capabilities

Negotiated global logistics contracts, reducing total freight costs to 2.1c/lb. on 600TEUs annually Developed and implemented purchasing policies and procedures. PROFESSIONAL CERTIFICATIONS

IFPSMP Feb 2016

International Federation of Purchasing & Supply Management MCIPS Jul 2011

Chartered Institute of Purchasing & Supply

CPSM Jul 2011

Institute of Supply Management

CSCMP Feb 2010

Supply Chain Management Association of Canada

CPM Jul 2002

Institute of Supply Management

CPP Dec 1999

Supply Chain Management Association of Canada

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