Vice President Global Strategic Sourcing | Global Sourcing @ JBT
Vice President, Business Systems | Director Global Supply Chain @ Dover Corporation
University of Illinois at Chicago
Executive Leader of Strategic Sourcing, Global Manufacturing and Supply Chain Organizations across North America, Europe and Asia. Extensive experience operationalizing global businesses in the Industrial, Electronics and Automotive industries. Proven record of cost reduction and supply chain optimization in direct and indirect procurement roles. Broad management experience in large multibillion dollar organizations as well as smaller companies
Executive Leader of Strategic Sourcing, Global Manufacturing and Supply Chain Organizations across North America, Europe and Asia. Extensive experience operationalizing global businesses in the Industrial, Electronics and Automotive industries. Proven record of cost reduction and supply chain optimization in direct and indirect procurement roles. Broad management experience in large multibillion dollar organizations as well as smaller companies and start ups.
Currently responsible for $1.0B in direct and indirect spend for Dover Fluids at Dover Corporation, an $9.0 billion diversified global manufacturer focused on innovative equipment and components, specialty systems and support services through its four major operating segments.
Masters in Engineering Management from Northwestern University, Masters in Mechanical Engineering from University of Illinois and an MBA from DePaul University. Specialties include International Business Operations, Global Strategic Sourcing and Supply Chain Management, Acquisition Due Diligence and integration of supply chain and manufacturing operations, Best Cost country sourcing, Industrial and Mechanical Engineering, Business Development, Procurement, and Negotiations
Director of Sourcing, Dover Fluids @ $8.0 Billion diversified global manufacturer focused on innovative equipment and components, specialty systems and support services through its four major operating segments.
Currently responsible for direct and indirect procurement spend for Dover Fluids $1.5B Operating Segment of Dover Corporation. Driving $24M savings utilizing negotiations, contracting, lean and continuous improvement tools Liason to Dover's India Innovation Center. Member of Dover's Sourcing, Castings and Sustainability councils.
Director Global Sourcing, Machining and Electronics: June 2011 - June 2014
Previously responsible for Driving Strategic Sourcing for $1.0 Billion spend across Dover Corporation's 33 Operating Companies and 200+ locations. Lead integrated global teams in India, Malaysia, China, Mexico and Europe in a global roll out of machining, fabrications and electronics category strategies. Champion supplier development activities and worked with incumbent suppliers to create value through continuous improvement and value engineering processes. From June 2011 to Present (4 years 5 months) Greater Chicago AreaDirector of Strategic Sourcing @ $1.0 + Billion Sydney based manufacturer of electronic gaming machines, interactive video terminal systems and complete gaming solutions.
Created New Product Development sourcing strategies that enhanced speed to market while minimizing end of life and obsolescence costs for Aristocrat's fast paced product life cycle products and ground-breaking technologies. Drove supply chain performance and risk mitigation with global supply base while managing new suppler identification and qualification. Led internal teams to develop technology roadmaps aligned with key supplier technologies in more than 200 global gaming jurisdictions worldwide. From January 2010 to March 2011 (1 year 3 months) Las Vegas, Nevada AreaVP, Strategic Sourcing and Supply Chain @ Semiconductor Startup created to operationalize a carveout of a $2.0 Billion major electronics manufacturer.
Integrated IT and business process platforms across Europe, Asia and the Americas. Negotiated contract manufacturing and service relationships while implementing key supply chain metrics. Executed strategic plan and developed supply strategies to mitigate risk for a successful and uninterrupted supply chain. Developed new wafer fabrication and packaging manufacturing suppliers. From 2008 to 2009 (1 year) Director of Strategic Sourcing @ Healthcare Services Association representing 39 independent BlueCross and Blue Shield licensees with revenues exceeding $288 Billion:
Drove key sourcing engagements and implemented category management strategies, total cost improvements and SLA enhancements. Negotiated contracts across all indirect category spends including facilities, freight, travel and select IT categories. Spearheaded business development efforts to expand spend under management with Health Plans by 20% to $500 Million in 2008. Expanded Strategic Sourcing Council and Strengthened National Procurement Council through active participation as Board Director. From 2006 to 2008 (2 years) Director of Global Sourcing and President, Netcom China @ $50 Million cutting edge designer of RF components for Telecom and Military applications
Transitioned manufacturing operations from EU and US to operations in PRC. Established logistics hub in Hong Kong and developed sales and distribution network for new and existing customers in Suzhou, Shanghai, Tianjin, and Singapore. Directed Global Sourcing and Supply Chain teams US, China and Europe responsible for all direct spend including electronics, machining, and stamping. From 2004 to 2006 (2 years) Manager, Global Sourcing @ $13.0 Billion industry leading manufacturer of Heavy and Medium Duty Trucks and Diesel Engines:
Created and implemented the company’s global sourcing process and strategy. Led product development and program launch activities for V6 and V8 diesel engine platforms.
Identified, qualified, and selected globally competitive sources of engine components worldwide.Developed localization strategies for purchasing and manufacturing operations in Asia and Brazil. From 2000 to 2004 (4 years) Operations Manager - Distribution and Manufacturing @ $1.0 Billion manufacturer of Automotive and Industrial pump and sealing products. Now part of Smith's Group:
Streamlined and consolidted North American manufacturing and distribution operations. Directed supply chain and manufacturing operations for a $65 million business unit with 200 employees in Chihuahua, Mexico and 15 supply chain specialists in Morton Grove, IL. Led major outsourcing projects for the automotive and industrial business sectors. Consolidated steel distribution supply base and led cross-functional engineering and manufacturing rationalization teams responsible for reduction in overhead costs. From 1992 to 2000 (8 years) Financial Analyst @ Equities Exchange, Clearinghouse and Depository Trust Company based in Chicago, Il
Developed Forecasting techniques and monitored the impact of corporate reorganizations and capital structure changes on investors’ portfolios. Interpreted and analyzed data on mergers, acquisitions, and tender offers. From 1988 to 1992 (4 years) Greater Chicago Area
Masters, Engineering Managment @ Northwestern University From 2002 to 2006 Masters, Mechanical Engineering @ University of Illinois at Chicago From 1992 to 1995 MBA, Finance @ DePaul University From 1989 to 1991 Bachelors, Mathematics and Economics @ Northeastern Illinois University From 1986 to 1988 Tim Voortman is skilled in: Offshoring, Procurement, CRM