Michael Iovino 49 connections

Senior procurement specialist of assigned commodities, managing necessary tasks to complete purchase at best price and quality while meeting timelines. Maintain supplier relationships, prepare, and solicit quotations. Conduct business and competitive analyses, guiding efforts of business teams. Responsible for review of specifications and assessment of performance terms. Closely collaborate with legal department and risk management for contract obligations. Provide support to purchasing staff and serve as subject matter expert for all corporate purchasing.

Buyer with support for new purchasing policies, processes, and procedures. Established clear communication channels within company network to ensure all principals updated and informed. Demonstrated high proficiencies in use of SAP to handle purchasing logistics. Implemented lean/continuous improvement methods and practices. Worked with suppliers to improve lead time reduction, cost improvements, on-time delivery, and quality. Performed due diligence on all orders, confirming prices, verifying availability, and ensuring accuracy of specifications. Served as key liaison with requisition source establishing requirements and setting timelines.

Reported to Manager of Finance and Accounting, oversaw accounts payable and reconciled credits and disputes. Applied knowledge of SAP to processing and closeouts, purchase order invoices, data collection for charge backs to clients, and analysis of Construction in Progress. Collaborated with all levels of management to analyze IT processes against financial controls. Supervised accountants within Informational Technology Service Center Finance for SAP. Created customized and automated reporting from business warehouse module. Identified process improvements in procurement. Prepared annual and quarterly capital budget forecasts. In charge of special projects improving quality of financial data and providing enhanced protocols for meaningful analysis

In leadership role, provided guidance and support for all ITSC remote locations including Philip Morris Data Centers in North America. Guided activities for procurement support. Developed monthly management reports on capital approvals, service level agreements, and accounts payable processing. Managed purchasing logistics involving large scale projects. Reviewed purchase order claims and contracts for conformance to company policy. Evaluated and approved specs for issuing and awarding bids. Developed and implemented purchasing and contract management policies and procedures.

Tasked with managing monthly budget for capital projects set by Finance Department. Provided expertise on Y2K issues, hardware/software purchases, and potential impact on Philip Morris companies. Worked with compliance teams on financial policies and procedures, updating and allocating A/P invoices to all cost centers.