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Glenn Putnam is a seasoned supply chain and operations expert with over 20 years of experience in inventory management, forecasting, and strategic planning. He has held various leadership positions, including Vice President of Operations at Elbeco Inc. and Director of Purchasing at Alpha Shirt Company. With expertise in supply chain management, merchandising, and purchasing, Glenn has successfully improved inventory accuracy, reduced costs, and increased revenue growth. He holds a Bachelor of Science degree in Business Administration from Rutgers University.

Experience

  • Elbeco Inc.
    • Reading, PA
    • Vice President of Operations
      • Jun 2015 - Present
      • Reading, PA

    • SENIOR DIRECTOR SUPPLY CHAIN
      • Jan 2008 - Present

      Manufacturer of casual wear for imprinted sportswear market and private label such as Disney, Nike, Reebok, and Billabong for retail markets.Set all forecasting to drive production for knitting, cutting, and sewing plants. Oversaw purchasing of all sourced products from Far East.Reduced aged inventory greater than 12 months from 17% to 4.5%.Designed and implemented a mainframe based forecasting system to improve accuracy and reduce reliance on spreadsheets.Partnered with product development to merchandise line from a statistical analysis standpoint increasing sku efficiency.

    • Senior Director of Inventory
      • 2007 - 2008

    • PURCHASING/SUPPLY CHAIN CONSULTANT
      • Jun 2005 - Jul 2007

    • Vice President
      • Jan 2002 - Jan 2005

      Orchestrated purchasing, supply chain, and $230M inventory operations, contributing to organization’s successful competition within the $8B annual activewear industry (Brands: Hanes, Jerzees, Fruit of the Loom, Columbia Sportswear, Champion, Nike, Adidas, Devon & Jones, HYP, Chestnut Hill). Coordinated the performance of 24 staff members, including directors, managers, buyers, and support/clerical specialists charged with purchasing/inventory management across 3 divisions with 17 DCs, 250K sku locations, and an aggregate of 35K skus (13K commodity, 8K exclusive, and 14K sourced).Directed supply chain functions from 16+ countries, merchandising of annual catalogs for all divisions, and vendor negotiations. Monitored daily performance encompassing inventory, vendor, stock ratios, transactions, and competitor reviews as well as identification of new purchasing opportunities. Studied forecasts and ensured compliance with goals/objectives. Served as a key participant in all board meetings. Impacted purchasing operations by spearheading the successful implementation of the Alpha purchasing system, leading integration of Broder’s 11 DCs, 15K skus, and $100M inventory as well as NES’ 2 DCs, 15K skus, and $30M inventory.Slashed inventory by $25M (25%) within the Broder division while boosting stock rate from 78% to 91% and augmenting turns from 4.2 to 6.1 in 5 months.; Achieved $10M (30%) reductions in NES division inventory and enhanced turns from 3.4 to 6.5 in 3 months.Pioneered establishment of private label segment that currently generates 20% of corporate revenues. First year sales exceeded $22M, which boosted corporate EBITDA; after 2 years, sales exceeded $65M.Successfully maintained obsolete inventory at .39% of annual sales.Increased gross profits by up to 7% through implementation of vendor performance incentive programs.Captured exclusive distribution agreements with leading organizations such as Columbia Sportswear, Nike, Adidas, and Champion.

    • Director of Purchasing
      • Jan 1992 - Jan 2001

      Functioned as primary leadership force of purchasing and inventory management operations encompassing $75M wholesaler (1 location, 8K skus) and a $470M wholesaler (5 locations, 15K skus). Participated in the marketing of Alpha Shirt Company to Bain Capital. Generated major improvements in purchasing, increasing turns from 4.2 to 8.5 and reducing inventory by $15M through design and introduction of the purchasing module of the new ERP system (FDM4). The system has now been adopted by all major wholesalers industry-wide.Played a key role in groundbreaking achievement of the most successful brand launch in the industry’s history by contributing to the development and sourcing (Far East Asia, S.A.) of the Devon & Jones private label line.Spearheaded the successful opening of 2 green grass locations as well as the integration of 2 major competitors.Improved overall accuracy in the tracking of buyer/vendor performance through the creation of highly effective reporting systems.Enhanced overall margins within this commodity-driven business through expert negotiation of incentive programs with vendors.

Education

  • Rutgers University
  • Rutgers University
    Bachelor of Science, Business Administration

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Industry Focus. “Logistics and Supply Chain.”

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