Sarah Yu
Global Procurement Associate Director @Terumo Neuro
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WORK HISTORY
Global Procurement Associate Director @Terumo Neuro
Responsible for strategically managing the sourcing, negotiation, and procurement of goods and services to ensure cost efficiency, quality, and timely delivery. Cultivate strong supplier relationships, optimize supply chain processes, and align procurement strategies with organizational goals to contribute to overall business success.•Established and led a high-performing Global Procurement team for both direct and indirect purchases, achieving an impressive 5%+ cost savings year-over-year.•Formulated and implemented procurement strategies to sustain a global enterprise with a consistent annual growth rate of 15-17%.•Optimized inventory management by skillfully negotiating delivery schedules, resulting in efficient material flow for production and resolution of shortage issues.•Developed and managed supplier relationships, negotiating improved terms, lead times, capacity increases, Kanban volume, and more efficient processes, leading to significant cost reductions.•Created and implemented robust Procedures, Policies, and Guidelines aligning with company procurement best practices to meet Quality, Regulatory, and Financial SOX audit requirements.•Initiated and led process improvement projects, consistently increasing efficiency within the procurement function.•Developed, implemented, managed, and maintained Key Performance Indicators (KPIs) to measure both team and supplier performance.•Built and transformed a localized procurement team of 2 buyers into a global team of 21, utilizing transformational leadership strategies.•Created new positions (Principal Buyer, Commodity Manager, Contract Specialist & Procurement Analyst) and successfully restructured the department while meeting budget constraints.•Led the team to consistently achieve business goals related to cost savings, inventory targets, quality, and service level improvements.
EDUCATION
UC Irvine
Executive MBA
Western Governors University
B.S. Business Management , Business Administration, Management and Operations
SKILLS
ABOUT SARAH YU
I am a global procurement, sourcing professional, and results-driven leader with a proven track record in surpassing corporate objectives. Recognized for expertise in cost optimization, inventory management, and transformative leadership. Specialized in spearheading multimillion-dollar projects encompassing supplier development, system implementation, negotiation, global transfer, and supply chain management. Adept at driving organizational change and fostering high-performing teams. Known for cultivating enduring, profitable business relationships through strategic approaches. Demonstrates exceptional time management, transformational leadership, coaching, business acumen, and emotional intelligence. I often strive to go above and beyond my manager\'s expectations. My philosophies are:\"Where there\'s a will, there\'s a way!\",\"Be proactive! To reach the top, you got to want it and make it happen!\",\"Plan, know your exit before you enter!\" and \"Don\'t linger over problems, but solve them\".Achievement Summary: •Established and cultivated a high-performance Procurement team, contributing to the organization\'s resilience and revenue optimization across diverse business conditions.•Implemented cost-saving strategies resulting in a substantial reduction in procurement expenses and a 5-10% in cost savings year-over-year.•Built and nurtured strategic relationships with key suppliers, leading to improved terms, reliability, and overall efficiency in the supply chain.•Spearheaded initiatives to streamline procurement processes, increasing efficiency and reducing lead times, resulting in enhanced productivity and timely delivery of goods and services.•Developed and implemented robust risk management strategies to mitigate supply chain disruptions, ensuring business continuity and minimizing the impact of unforeseen challenges.•Fostered collaboration with other departments, such as finance, operations, and legal, to align procurement strategies with overall organizational goals, contributing to a more integrated and synergized approach.Skills:• Market Analysis & Forecasting • Global Sourcing Strategies • Global Procurement Strategies• Supplier & Contract Negotiation• Cost Optimization • Supply Chain Management• Warehouse and Logistic Management • New Product Development• Organizational Transformation• Project Management• Risk Management • Regulatory Control Management • Quality Control Management• Resource & Process Development• Supplier Relationship Management
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