Robert K. Herrick

About Robert K. Herrick

An experienced purchasing professional with 25 years in Procurement and Global Sourcing skills. Adding 9.5 Million Dollars in Cost Savings in 6 Years.

Experience

1. Sr Buyer, Strategic Sourcing Manager

   TrafFix Devices

   Jun 2018 — Present · San Clemente, CA, US

   Sr. Buyer, Strategic Sourcing ManagerTRAFFIX DEVICES, INC SAN CLEMENTE, CALIFORNIA. 2018-PRESENTLead a team responsible for $25M in annual spending, ensuring we are securing the supply meets quality, delivery, and cost targets.Develop and maintain a high-performance culture in the Team, resulting in continued success in meeting KPIs.Ensure that the Materials Management Department meets organizational performance/service and fiscal goals/targets.Manage the ongoing performance of suppliers to achieve best-in-class results including setting objectives, tracking, and reporting KPILeverage market insights, inflation mitigation techniques, and cost escalation/de-escalation to secure market competitive pricing.Drive continued total cost of ownership reductions through identifying, assessing, and developing business cases. Engage with key external manufacturing suppliers to ensure continuity of supply for an extraordinarily complex range of products.Oversee forecasting and demand planning functions to ensure optimal inventory levels while delivering excellent fill rates.Partner with the cross-functional groups to examine the current process and identify opportunities for improvement.Lead organizational change and drive change execution through leadership, relationships, and communication. Implemented MRP system to improve planning efficiency, enable lower levels of inventory, and reduction of costs.Scaled production capacity by 30% through contract manufacturers increasing annual revenue by $12.2M per year.Reduced product and raw material costs by $9.5M through fact-based negotiations with supply chain partners.Sustained complex global supply chain through pandemic ensuring daily revenue of $285K was secured.Implemented operational efficiencies increasing production capacity and reduced lead times by 25%.