Timothy Luksetich

About Timothy Luksetich

Executive with 25+ years of experience in Procurement Management and Quality Control Management. Expert in leading growth with aggressive expansion modes. Uniquely qualified in designing operations from start-up stage to market leadership. Proficient in leading quality and productivity through continuous process improvement programs. Most recent accomplishments include:• Recruited, trained, and led a growing team (from 7 to 20) of Buyers for New Product Development team, both in US and Mexico. This team successfully negotiated/managed $775M in annual spend to support new product launches in North America.• Managed Supply Chain Finance program for North American region, increasing payment terms for top $350M spend suppliers to 90 days +, resulting in $32M increased annual cash flow for the company. Negotiated with CEO/CFO of top suppliers to improve payment terms to maximum benefit of the region.• Led global Busway and Equipment Purchasing team in managing $850M annual supplier spend to support New Product Development teams in 3 continents. Provided leadership for team members to create a high performing global team culture.• Conduct Landed Cost Analysis, ensured data was analyzed to decide the best value stream for new product launches, resulting in higher margin contribution levels, streamlining of logistics, and favorable payment and logistics terms.• Trained teams in improving negotiating tactics and contract implementation, launching Retail Breaker program in 1 year from initial Engineering concepts to market launch, resulting in being first to market with a specific breaker product. This increased market share, forcing competitors to go to market more quickly – risking releasing their product with defects and failures.

Experience

1. Sr Manager, Strategic Sourcing, Metals and Electronics

   Integer Holdings Corporation

   May 2024 — Present

   Lead global team of Strategic Commodity Managers responsible for driving successful supplier relationships, negotiating contracts and delivering significant savings within scope of all metal and electronics spend worldwide. Align with site leadership across 13 global manufacturing and design locations to secure successful supply strategy.

Education

• ITT Industries

  Project Management

• University of Phoenix

  Bachelor of Science - BS, Management Science

• The University of Iowa Tippie College of Business

  Master of Business Administration - MBA

  2012