Fred Schachter

Independent Consultant at Various Clients`
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Contact Information
us****@****om
(386) 825-5501
Location
Matthews, North Carolina, United States, US

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5.0

/5.0
/ Based on 2 ratings
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Troy Hoover

Fred is a seasoned supply chain leader with exemplary skills and talent in the procurement space. Fred negotiates with passion and recognizes when compromise is necessary to balance risk with business timing and deliverables. Fred is a pleasure to work with, fully engages with the business and was a key contributor in delivering significant supply chain savings year over year.

Robert Steen

I have had the opportunity to work with Fred on several projects. Fred brings an in-depth knowledge of the ‘procure to pay process’ to the table and approaches his projects with end to end solutions in mind. Fred can navigate through the data-dump minefields, drive to root cause analysis, and produce executive summaries that offer opportunities for improvement and/or operational efficiencies. To cite on example, Fred assisted with an Accounts Payable project that included settlement analysis with detailed optimization recommendations, workload assessments and a recommended solution for Shared Services personnel including A/P Processing and Call Center Support. Fred always brings a positive and can-do attitude to his work and strives to deliver ahead of schedule and exceed expectations.

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Experience

    • IT Services and IT Consulting
    • 100 - 200 Employee
    • Independent Consultant
      • Jun 2016 - Present

      Engagments include Hospitality and Financial Services Industries. Engagments include Hospitality and Financial Services Industries.

    • United States
    • Retail
    • 700 & Above Employee
    • Global Procurement Manager
      • May 2011 - Apr 2016

      Global Supply Chain Team - During Starbucks tenure, roles included: • Capital Sourcing for Starbucks Plant Network - Led teams comprising representatives of Engineering, Finance, Legal, Plant/Distribution Operations and others in fulfilling various projects to enhance manufacturing capabilities from project conceptualization through execution with on-going supplier management. - This encompassed documenting specifications with extensive analysis, issuing RFI's/RFP's, achieving internal consensus, negotiating contracts, with seven figure cumulative savings resulting. - Projects ranged from individual pieces of equipment, production lines, through entire sites along with related professional services and technology support (hardware and a wide variety of plant software including procurement system and controls). • MRO and General Plant Supplier Management: - Using a variety of analytical tools and entrepreneurial spirit, brought cohesion and a sense of network consciousness to initially independent operations utilizing hundreds of suppliers to concentrate spending offering enhanced pricing and services under a national procurement system. - This consolidated over $10MM of MRO inventory comprising thousands of SKUs, divesting company of unneeded assets with innovative approaches, while forging formerly independent buyers, planners, and plant/distribution partners into a team. • Global Loyalty Card Program Sourcing Lead: - Coordinated global card manufacturing with associated commercial printing and distribution to support a world-wide program generating billions of annual revenue. - Led team of marketing, Starbucks creative studio, technology (for print & distribution), logistics, tax/tariff, finance, and their opposite numbers within the supplier network to meet the program's quantity and quality demands while achieving almost 20% savings. The preceding included business travel to Asia and Europe. Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • VP, Sourcing & Procurement
      • Jan 2006 - May 2011

      As part of Finance Dept. accomplishments include: • Prof. Services & ASP’s: Achieved cumulative TCO eight figure annual savings from : - eDocumentation & legal review services, - HR Background Checks & Payroll, - Credit & Collections, - Travel & Travel-Related Services, - Logistics (trucking, small parcel delivery, & warehousing), - Corp Real Estate Project Management - Includes a wide range of other Professional Services. • Consulting Services Supplier Rationalization, Rate Card & Contract Standardization: "Put pieces together" for multi-faceted task force. - Negotiated rates for 10% - 33% cost savings depending on supplier and contract personnel class, against a nine figure annual spend - Executed supplier base assessment, establishing consistent consultant skill descriptions, & rate cards with vendor management structure - Obtained LOB client & supplier input to assure “buy in” • I.T. Print Management: SCM leader for a multi-faceted task force: - Result: 9,000 staff pilot site reconfigured & updated equipment (e.g. MFD's) to increase device ratio from avgr of 1 per 3 staff to 1 device per 10. - Annual 30% cost savings ($783,000). Program extended for eventual enterprise-wide deployment. • Spend and Sourcing Opportunity Analysis: Led M&A data assessment for four Wachovia / Wells acquisitions by: - Conceiving analytical tools and guiding resources to merge diverse, formerly independent records of supplier spend, contract, bank client, and MWBE data into a cohesive format - Results used by the Merger Team & Leadership. This approach adopted for regular Lines of Business Cost Efficiency Initiatives. - Assessed & recommended actions based on that data. The company saved millions of dollars with rationalization of the supplier base and their offered products/services: e.g. I.T. hardware, software, & maintenance Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • VP of Strategic Sourcing for Professional Services and Business Aligned Technology
      • Nov 2004 - Jan 2006

      * I.T. Professional Services - Achieved $165MM (33%) savings from an annual $500MM+ spend by: - Reducing the number of suppliers from 100 to 12 through analysis and subsequent negotiations - Establishing better service levels via a Dashboard approach and increased stakeholder participation comprising well defined SLA's, contracts, and supplier report cards - Effective utilization of a "hybrid" model encompassing both USA domestic and off-shore resources for "best of both worlds" results. * SCM Leader for Applications Development Teams from project conceptualization through successful execution for: - Global e-Mail - T&E Management - Facilities Management - Calling Tree Applications - Legal Records and Contract Development (workflow) - Bank Lending Platforms and Investment Management - I.T. Risk Management - Sourcing Systems: Served as a valued team member, specializing in staff training program construction and delivery, once parameters agreed to, for transition of Bank One’s ARGIS System and JP Morgan Chase’s Emptoris System to ARIBA ($4B of managed spend). Successful implementation met the merged operations sourcing and contract management needs. * Other Sourcing Project leadership examples include delivering on time, with desired service levels, and at less than budgeted cost, projects including: - Videography - Streaming Media - A variety of company websites: Branding, Employee Volunteerism, Training Show less

    • Business Consulting and Services
    • 1 - 100 Employee
    • Senior Consultant
      • Dec 2001 - Oct 2004

      Consulted for a variety of Fortune 500 clients, most prominently the Intercontinental Hotel Group (IHG) out of Atlanta and its various properties and brands, leading projects whose successes resulted in substantial cost and operational efficiencies (and an on-going stream of engagements). Projects included: * Professional Services * Helpdesk/Deskside Support/Server Support Outsourcing * Deskop/Laptop Equipment Sourcing (with related Software) * Telecom/Cable & Wireless Services * Payroll / HR Administration Outsourcing * Electronic Invoice Presentment & Settlement for Client A/P * Commercial Print Management * Records Management * Composition, Dissemination, and Enforcement of Client Procurement Policy & Procedures (including Sarbanes-Oxley compliance) Show less

    • Senior Consultant
      • Nov 2000 - Nov 2001

      LeapSource provided a full range BPO Procure-to-Pay and Financial Shared Services. Successfully provided clients sourcing/procurement management consulting for added relationship value by finding substantial sourcing savings and operational efficiencies through analyzing their A/P data from both historical and forecast perspectives. Client Services provided for a wide variety of commodities & services including: * Spend Analytics * All types of RFP's. * Supplier Negotiations * Contract Formulation and Vendor Management * Sourcing/Procurement Policies & Procedures * Client Training to use reports, analytical tools, with related documentation to gain a measure of self-sufficiency (and participate in finding additional opportunities) Show less

    • United States
    • Financial Services
    • 700 & Above Employee
    • Manager
      • Nov 1996 - Oct 2000

      Was promoted into a role with global responsibilities through achieving cost savings and operational goals as a Commodity Manager for printing, direct mail, and credit card production/distribution. This expanded role included: * Being an individual project lead contributor while assisting internal customers and members of the Global Supply Chain Team with supplier analysis (e.g. spend histories), RFP and contract composition. All deadlines and project goals met. * Traveled throughout Latin America on special assignment to professionalize new procurement operations with emphasis on negotiating agreements for supplier base reduction under well defined enforceable SLA's. Salient Projects included: - Commercial print (forms management) - Records Management - Logistics - Corporate Fleet Show less

    • Luxury Goods & Jewelry
    • 100 - 200 Employee
    • General Manager
      • Jan 1979 - Oct 1996

      Earned significant TCO successes during a career whose achievement-driven promotion track was: Administrator, Assistant Manager, Manager, to General Manager. Established cohesive, systemic, and sustainable processes for a wide range of goods & services by negotiating supplier agreements and ensuring effective vendor management, These efforts included: * I.T. hardware, software, alternate print methods, BPO third party processing (on and offshore) * Facitilites Management and Construction (from concept to occupancy) - from large corporate office and/or warehousing sites to a national chain of "Seiko - The Company Store" * Logistics - domestic and international. Served as a key team member regarding the company advantageously using Bonded Warehousing and FTZ's to save millions of dollars and adhere to all pertinent regulatory requirements (e.g. environmental). These efforts involved travels to Asia and Latin America. * Led a wide array of successful bill of material driven sourcing projects including: printing, facility services, office products/equipment and services Show less

Education

  • City University of New York-Queens College
    BA, History Major, Minor in Education
    1970 - 1972
  • Bronx Community College
    Associates of Arts
    1967 - 1969

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