Nick Soriano

Commodities Risk Management & Procurement Analytics Manager @Restaurant Supply Chain Solutions, LLC - A Yum! Brands Co-op

Louisville, KY, US

Commodity Risk Management- Manage order entry, monitor order execution, and manage the reporting of commodity risk management positions with suppliers for accuracy- Manage/maintain updated risk management position summary tables and prepare monthly financial reports that are distributed to the executive team and others as requested- Regularly verify hedged positions are flowing through to the final item pricing in cost bars- Facilitate the development and implementation of various risk management tools by proactively assessing price risk by building analytical models based on fundamental supply and demand variables for all key commodities- Facilitate the development of strategic hedge plans, which includes thoroughly studying correlations and risk associated with hedging in various markets- Communicate internally and externally on commodity activities to all members- Develop high quality reporting and updates for the Board of Directors and RSCS Executive Team.Procurement- Create and update Category Profiles, category segmentation, support strategy development and contract negotiations- Create and assess total cost of ownership models to help analyze alternative, Best Alternative to Negotiating Agreement generating sourcing scenarios- Provide key insights, including industry and supplier capacity analysis, for short and long-term business continuity planning- Track and communicate team restaurant margin initiatives to ensure projects are on track and appropriately reported to RSCS Finance Team- Develop and maintain category spend databases- Conduct relevant spend analytics to support overall category sourcing and optimization activities- Support development of RFx pricing models, conduct supplier bid analyses, and recommend award decisions- Develop/administer robust cost of goods models that accurately forecast key SKUs- Analyze pricing across suppliers to ensure pricing is consistent for raw materials.

Hunterdon Central Regional High School

High School

Bellarmine University

Bachelor of Business Administration (B.B.A.), Business Administration

Bellarmine University

Master of Business Administration - MBA, Finance, General