Global sourcing

LIBO ZHU

*** ***** ***, ******* *****, NY *****

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

631-***-****

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CAREER OBJECTIVE

Strategic Purchasing Manager/Planner eager to contribute domestic and international expertise toward supporting the employer in optimizing bottom-line profits

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PROFILE

Offer numerous years of progressive procurement and supply chain management experience, with expertise in cost-effective purchasing, supplier relations, and contract administration

Utilize depth of knowledge in low cost country (LCC) sourcing to identify and capitalize on opportunities to increase corporate profitability, product quality, and merchandise availability

Develop and implement innovative sourcing, project management, and global supplier evaluation strategies resulting in superior levels of customer attraction, satisfaction, and retention

Create accurate forecasts, feasibility / contingency plans, optimized assortment plans, and lead time strategies to sustain cash flows and adjust inventory levels appropriately; proactively monitor industry and market trends and developments

Implement JIT and inventory management techniques to reduce warehousing needs; train and lead top-performing support teams

Maintain P/L responsibility for overseas and domestic operations; compile and analyze complex data to generate reports instrumental to senior management in assessing business performance

Dynamic communication, presentation, negotiation, and relationship management skills

Sharp technical proficiencies, including SAP, JDE, MRP, Crystal Report, Excel, PowerPoint, Access, Outlook

Fully bilingual in English / Chinese ( Mandarin & Cantonese ); US citizen

PROFESSIONAL EXPERIENCE

Commodity Director, Drive Medical Manufacturing, Port Washington, NY 2010 – Present

• Manage overseas vendors on the assigned commodities.

• Total ownership of commodity groups and maintain stock levels to support rapid growth.

• Direct buyers to manage purchase orders and projects with suppliers.

• Negotiate price with vendors and initiate vendor development to achieve price reduction target.

• Work with new vendors and achieve annualized saving of $300,000.00.

• Improve the on-time delivery from 75% to 90%.

• Cut category inventory by $500,000.00.

Geneva Watch Group, New York, NY 2008 – 2010

Senior Buyer / Planner (Brand Inventory Manager)

• Successfully supported $100M in annual sales through hands-on management of Kenneth Cole brand inventory

• Applied strong understanding of JIT inventory management and management of global inventories towards reducing inventory by $3M+ and improving turns to effectively position lines for fluctuating market conditions

• Worked closely with Hong Kong and China offices to effectively control deliveries and product levels, improved cash flow, and manage vendor relationships

• Issued P/Os to maintain optimum inventory flow with improved on-time deliveries

Continued…

Libo Zhu Page 2

Rocket Redbox, Inc., Bronx, NY 2005 – 2008

Purchasing Manager

• Built China sourcing operations from the ground up and effectively managed it to expand company’s horizon

• Identified, evaluated, and selected vendors offering best value, quality, and dependability to generate $500K in average annual cost savings

• Directed company-wide inventory planning and control functions – increased yearly turns from 1.2 to 4 and cut average inventory from $5M to less than $3.5M

• Led vendor management initiative to ensure quality product and improve on-time delivery

• Recruited and trained staff to effectively manage projects, vendor relations and implement innovative sourcing

J.J. Creation, Inc., Long Island City, NY 2000 – 2005

Buyer

• Instituted numerous process improvements and negotiated key global contracts to achieve across-the-board savings and increased order accuracy

• Reduced order cycle and average inventory by 25% to $7M through expertly managing vendor relations

• Negotiated key contracts with Far East-based suppliers resulting in $200K in product cost savings

• Consolidated shipping operations and cut shipping cost by 40%

M KM, Inc., Stamford, CT 1991 – 1999

Assistant Director, Finance

• Implemented and managed JIT inventory systems, resulting in $100K in cost savings

• Applied sharp business acumen toward steering full-scope U.S. operations, from strategic joint venture negotiations to business/marketing planning

• Worked with the Ministry of Science & Technology of China and other government agencies to successfully help 2 U.S. companies forming strategic joint ventures in China

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EDUCATION

New York Institute of Technology, New York, NY 1991

Master of Business Administration in Finance

Baruch College, CUNY, New York, NY 1988

Bachelor of Business Administration in Finance / Economics

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