Warwick, RI 02886
Mobile: (781) 795-2619
Peter.Manni@Outlook.com www.linkedin.com/in/petermanni
CAREER HISTORY
PTC-Needham, MA August 2013- Present
Vice President, Global Strategic Sourcing/Procurement
A $1.6b, industry leading CAD, PLM, SLM and ALM global software provider for fortune 500 Corporations
Staff: 7 Direct Reports-Commodity Directors, Cluster Directors, Software Royalty Director-Indirect Reports-28 Employees (Annual budget $2.5M)
Responsible for $400M+ in direct and indirect purchasing spend. Categories included, IT-Hardware/software, Marketing, Travel, HR,
Real Estate, Professional Services and Subscriptions. Recruited by the PTC Executive Staff and the Board of Directors to build a
World-Class-Strategic Sourcing Organization.
Major Accomplishments:
Through diligent Leadership, achieved $11M in 2014 savings, despite a year of global change and reorganization
Completed data mining, reduced the number of vendors from 22k to 5k, increasing rationalization with $2M in savings
Spearheaded the first company e-Bid for IT Products, resulting in $1M in annual savings
To maintain global financial visibility, created the organizations Strategic Sourcing financial saving methodology
Implemented a delegation of authority for all global vendor contracts and created a database for contract storage
Established the highest company internal employee survey score and improved employee satisfaction by 25%
Created internal stakeholder relationships by attending staff meetings and conducting joint vendor reviews
As a member of the Operations Council, implemented processes for internal spend control, reducing spend by $3M
Vice President of Strategic Sourcing for the Chemical, Automation, Immunoassay and Information Management business unit with
$1.5B+ in annual direct purchasing spend. Categories included; IT, Electronics, Chemicals, Metals, Packaging, Plastics, and Molding.
Major Accomplishments:
Established global Vendor Cost saving initiatives utilizing e-bid, should cost analysis, make vs. buy, renegotiations and other
major strategic levers all contributing to annual savings of $68M
Spearheaded a $300M major e-bidding/ negotiation project for the Chemical Commodity with annual savings of $10M
Lead major vendor negotiations at the C level resulting in multi-year savings of $25M
Instituted a vendor freeze on price increases previously common plane in the organization, reducing annual costs by $11M
To reduce risk, initiated a Contract Management program inclusive of standard MSAs and SOWs for all strategic vendors
Overhauled the P2P Process improving operational visibility and decreased PO processing time by 50%
Implemented a negotiation program to address previously neglected B&C suppliers with $3M in annual savings
Atos IT Solutions & Services Canton, MA July 2011-February 2012 (Atos purchased Siemens IT in July 2011)
Vice President, Strategic Sourcing/Procurement-Americas
A $8 billion, international French-based information technology provider to Fortune 500 corporations
Staff: 5 Direct Reports 1 IT Category Director, 1 Controller/ Director, 1 Director Deal Support, 2 Country Heads- Indirect Reports 22
Employees.(Annual budget $1.9m)
Responsible for the Americas Sourcing Organization, including direct and indirect spend. Annual purchasing volume of $500 million
and $200M in non-personal expenses. Categories included; IT, Professional Services, Marketing, Real Estate and Legal.
Major Contributions:
Structured a Strategic Procurement focus for the new combined organization, with $7m in financial synergies realized
within the first six months of the new company operations
Implemented a Contingent Labor-Managed Service Provider Program with improved process, eliminated complexity,
reduced risk and lowered annual operating costs by $4m
Eliminated 50% of the annual operating budget costs through an in-depth analysis of each function within the organization
Siemens IT Solutions & Services Canton/Needham MA 1999-July 2011 (Full Company Career)
Vice President, Strategic Sourcing/Procurement-Americas (2007-2011)
A $3.6 billion, international German-based information technology provider to Fortune 500 corporations
Staff: 7 Direct Reports 1Global Commodity Director, 1 Controller/ Director, 1 Director SAP Implementation, 1 Director Deal Support, 1 Senior
Director-Cost Control, 2 Country Heads- Indirect Reports 40 Employees.(Annual budget $3.9M)
Tapped by the Chief Financial and Procurement Officers to fulfill a newly created executive position, and immediately executed
strategies to turnaround an organization that missed its cost saving target by 80%. Directed a 40-person Americas Sourcing
Organization with $300 million in annual direct and indirect spend. Categories included; IT, Professional Services, Real Estate,
Marketing, HR and Legal.
Major Contributions:
Through vision and leadership, mobilized and energized the purchasing team executing strategies to save $13m against a
$7.1m budget in 2009. In 2010 saved $14m with a budget of $10m. In 2011 saved $15m with a budget of $12m
Led efforts to improve overall company non-Sourcing efficiencies, saving $72 million in 2010 with a budget of $64m
Leveraged Six Sigma principles and reengineered the entire P2P function, drastically reduced order timing by 50%,
eliminated errors and improved internal customer satisfaction ratings by 25%
Improved the Siemens AG World Class Procurement Assessment from sub-standard in 2008 (lowest position on a 1-5
th
scale) to Professional status in 2010 (4 position out of 5)
Built team relationships to provide early Procurement Involvement on all projects/ increasing the metric by 75%
Restored the Procurement reputation in the organization as being a valued, strategic function within the company
Promoted based on excellent strengths in navigating organizations through operations and financial challenges and an out-of-box
thinking style. As a Transformational Leader, spearheaded a North American IT Customer Service Organization with more than 70
locations and 1,700 employees.
Major Contributions:
Delivered $70 million in 3 years, by reengineering the business as required by growing competitive threats. Success included
shifting the organization to a centralized model, integrating Six Sigma practices, and defining core business goals/objectives
Served as an IT Outsourcing SME supporting sales. Key executive who repositioned the end user business for growth,
increased revenue by $300m TCV by architecting new methods to deliver cost-effective solutions to attract potential clients
Realized a $9 million bottom-line improvement for an underperforming UNIX support business and doubled profit margins
from 20% to 40%. In concert, restructured the management tier, customer service, and outsourced third party markets
Initiated an operational SWAT Team to turnaround profit deteriorating accounts. Reengineered operations at multiple
accounts which produced a $3.5 million annual savings
Vice President, Supply Chain Logistics -Service Materials ProcurementNorth America (1999-2003)
Staff: 4 Direct Reports Director of Service Materials Purchasing, Director of Field Logistics, Director of Central Operations, and Director of Central
Warehouse; Indirect Reports-200 (Annual budget $50m)
As an organizational change agent selected to rein in out-of-control costs, as the supply chain function was outsourced to a third party
vendor. Spearheaded a total overhaul of the supply chain organization to slash operational costs and drive quality improvements.
Major Contributions:
Lowered annual operating expenses by $20 million through total reengineering of the logistics supply chain organization
[Major business initiatives involved the following]:
Dropped annual operational costs by $4 million by in-sourcing the central warehouse and repair facility functions and
terminating relationships with third party logistics organizations
Reduced costs by $4.5 million per year by downsizing 100 employees and establishing a 25 person centralized helpdesk to
handle materials processing functions
Decreased costs by $1.5 million per year by ending relationships with the majority of third party labor providers (30 to 4) and
boosting SLA compliance performance from 60% to 95%
Acknowledged for achieving the lowest logistics costs as a percentage of revenue in the companys history @9%
Reduced 80% of company-owned inventory by forging tight partnerships with parts suppliers and establishing solid
approaches to service parts optimization-reduced on hand inventory value by $3.2m