Michael Petrecca
Baltimore
Summary
Strategic Sourcing Specialist with solid 37-year background in driving and coordinating sourcing efforts for material and service procurement. Focuses on cost savings and supplier development to support pre-procurement strategy and supply agreement negotiation. Collaborates with internal business units and supply chain stakeholders to achieve business goals.
Overview
36
36
years of professional experience
Work History
Strategic Sourcing Specialist SRM
Charmer Sunbelt Group/Breakthru Beverage Group
08.2012 - Current
- Developed and implemented strategic purchasing procedures and control systems to reduce direct costs and carrying costs.
- Developed requests for proposal and issued requests for quotes to support sourcing efforts.
- Calculated and reported actual and projected sourcing savings by spend categories.
- Collaborated with strategic partners to develop and manage key performance indicators and quality assurance processes.
- Liaised with internal and external stakeholders to identify and leverage contract value opportunities.
- Analyzed spend data to identify and execute cost-savings, cost-avoidance and value analysis opportunities.
- Analyzed spend data, identifying opportunities for cost reduction through consolidation or negotiation tactics.
- Managed vendor relationships effectively, ensuring timely communication and issue resolution for optimal partnership outcomes.
- Contributed to the development and implementation of procurement strategies across multiple categories, ensuring alignment with business objectives and industry best practices.
- Mentored junior team members to develop their strategic sourcing skills, fostering a high-performance work environment that encouraged continuous learning and growth.
- Collaborated with internal stakeholders to understand business needs and develop appropriate sourcing solutions accordingly.
- Increased supplier performance by implementing strategic sourcing initiatives and conducting comprehensive evaluations.
- Managed and developed relationships with suppliers to attain maximum cost efficiency and leverage buying power.
- Tracked contract performance metrics and reported issues or non-compliance with appropriate stakeholders.
- Developed and tracked metrics to measure supplier performance and cost savings.
Regional Purchasing Manager
Aggregate Industries Management
01.2004 - 04.2012
- Managed regional purchasing activities.
- Sourced vendors, built relationships, and negotiated prices.
- Purchased new products and oversaw inventory stocking and availability.
- Managed supplier relationships to ensure timely delivery of products and services.
- Achieved cost savings by negotiating contracts and pricing with suppliers.
- Performed monthly reconciliation of open purchasing orders.
- Implemented policies to reduce cost and eliminate waste.
- Implemented strategic sourcing initiatives, reducing overall purchasing costs.
- Established long-term agreements with strategic suppliers, securing favorable pricing and delivery terms.
- Trained junior staff members on best practices in purchasing management, contributing to their professional development and growth within the organization.
- Wrote standard operating procedures for department.
Regional Buyer/P2P Specialist
Aggregate Industries Management
06.2009 - 04.2012
- Managed procurement processes and procedures, including purchasing and payment activities.
Commodities Manager
Aggregate Industries Management
01.2004 - 01.2009
- Managed and optimized contracts for commodities procurement.
Equipment Division Admit. Supervisor & Purchasing Manager
Aggregate Industries Management
01.2001 - 01.2004
- Supervised equipment division administration and managed purchasing activities.
Purchasing Manager
The Driggs Corporation
01.1989 - 01.2001
- Managed procurement processes and procedures, including purchasing and negotiation.
Education
Associate of Arts - Business Administration
Strayer University
Baltimore, MD06.2014
No Degree - Business Management
Community College of Baltimore County
Essex, MD06.1976
Skills
- Project Management
- Negotiation skills
- TMT Administrator
- Windows XP, XP PRO, & Windows 7
- Excel
- Word
- Power Point
- Outlook
- Lotus Notes
- JD Edwards Purchasing and Accounting Modules JDE/E1 RSS
- Oracle
- SAP
- Procurement processes
- Supplier Relationship Management
- Strategic Business Relationships
- Spend Analysis
- Supplier Performance Metrics
- Data Analytics
- Total cost of ownership
- Supplier Performance
- Teamwork and Collaboration
- Customer Service
- Time Management
- Problem-solving abilities
- Multitasking
- Reliability
- Organizational Skills
- Decision-Making
- Relationship Building
- Team building
- Task Prioritization
- Account Management
- Vendor Sourcing
Accomplishments
- Achieved revenue objective by implementing cost-cutting measures with National Account Contracts.
- Managing and optimizing contracts
- Reduced Vendor Masters
- Reduced invoice flow into A/P
Training
- Dale Carnegie – Human Relations, Public Speaking
- Maryland Consulting Group – Stress Management, Drugs in the Workplace, Customer Relations, Time Management, Motivating Leadership, Effective Communications and Problem Solving, Basic Contract Negotiations, and Effective Writing
Timeline
Strategic Sourcing Specialist SRM
Charmer Sunbelt Group/Breakthru Beverage Group
08.2012 - Current
Regional Buyer/P2P Specialist
Aggregate Industries Management
06.2009 - 04.2012
Regional Purchasing Manager
Aggregate Industries Management
01.2004 - 04.2012
Commodities Manager
Aggregate Industries Management
01.2004 - 01.2009
Equipment Division Admit. Supervisor & Purchasing Manager
Aggregate Industries Management
01.2001 - 01.2004
Purchasing Manager
The Driggs Corporation
01.1989 - 01.2001
Associate of Arts - Business Administration
Strayer University
No Degree - Business Management
Community College of Baltimore County
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