Jim Yau

Strategic Sourcing & Supplier Management: Managed sourcing activities for motors, mechanical parts, wiresets, and packaging materials. Developed new supplier relationships and conducted thorough supplier evaluations, successfully identifying and onboarding new suppliers that contributed to the successful launch of new products. New Product Development Support: Actively supported new product development initiatives by collaborating with cross-functional teams, ensuring timely procurement of necessary components and materials. Quality Assurance Collaboration: Worked closely with the QA team to ensure compliance with PPAP standards, enhancing product quality and reliability. Documentation Coordination: Coordinated with the product engineering team to obtain essential documents such as drawings, specifications, datasheets, and certifications, streamlining the product development process. Financial Improvements: Negotiated improved payment terms with major suppliers, resulting in enhanced cash flow and better financial management. Project Success: Played a pivotal role in securing project awards through strategic sourcing and supplier management, driving the company's growth and innovation.

Comprehensive Sourcing Management: Managed sourcing activities for mechanical parts, batteries, and various items such as power banks, NFC cards, and adhesives. Actively sought and developed new supplier relationships, successfully identifying alternative suppliers in Asia for the medical division. New Product Development Support: Contributed to new product development initiatives by ensuring the timely procurement of necessary components and materials. Quality Assurance Partnership: Collaborated with the QA team to ensure adherence to PPAP standards, maintaining high product quality and reliability. Cross-Functional Coordination: Worked closely with the engineering team in Lithuania to obtain essential documents, including specifications, datasheets, and certifications, facilitating smooth project execution. Financial Negotiations: Successfully negotiated credit terms with suppliers, resulting in improved cash flow and better financial management.

Cost Management & BOM Control: Managed costed bill of materials (BOM) to ensure accurate pricing and effective cost control, contributing to a 30% increase in sales by implementing strategic cost reduction during the bidding stage. Supplier Development: Expanded the supplier base by developing new relationships, enhancing sourcing options and mitigating supply chain risks. Inventory & Shortage Management: Addressed shortage issues and implemented effective inventory management strategies, ensuring smooth operations and minimizing disruptions. New Product Development Support: Collaborated with cross-functional teams to support new product development initiatives, facilitating timely and efficient project execution. Quality Assurance Partnership: Worked closely with quality assurance teams to ensure compliance with PPAP standards, upholding high product quality and reliability. PCB Management: Managed pricing, delivery, and engineering queries related to PCBs, optimizing procurement processes and achieving cost savings. Vendor Consolidation: Streamlined procurement processes by consolidating vendors, resulting in improved operational efficiency and cost savings. Financial Improvements: Negotiated favorable credit terms equivalent to 30% of spending, significantly improving cash flow and financial stability. Customer Acquisition: Successfully won two new customers through effective BOM cost reduction strategies, driving business growth and market expansion.

Budget & Cost Management: Managed an annual spending budget of US$10M, ensuring cost-effective procurement practices and accurate pricing through meticulous management of costed bill of materials (BOM). Strategic Sourcing & Negotiation: Drove significant cost savings by effectively negotiating with suppliers and implementing strategic sourcing initiatives, contributing to a 20% increase in margin. Team Leadership: Led the purchasing team in the China factory, fostering a collaborative environment focused on optimizing procurement processes and achieving operational excellence. Cost Analysis & Optimization: Analyzed material cost trends and managed customer requests to propose and implement cost reduction solutions, enhancing profitability and supporting company growth. New Product Development Support: Assisted in new product development initiatives, facilitating the successful launch of own design products through a strategic partnership with a main supplier. Supplier Management & Quotation Review: Managed sourcing activities for electronic components, electro-mechanical parts, mechanical parts, and packaging. Reviewed supplier quotations to make informed purchasing decisions, ensuring cost-effective procurement. Transformation to ODM: Played a pivotal role in transforming the company's product delivery from OEM to ODM, significantly improving margins and driving business growth.

Budget & Cost Management: Managed an annual spending budget of US$20M, ensuring cost-effective procurement practices and generating accurate costed bill of materials (BOM) to maintain pricing accuracy. Strategic Sourcing & Negotiation: Led quarterly negotiations with suppliers, securing favorable terms and pricing, and achieving 2-3% annual savings through effective negotiation and supplier localization initiatives. Cost Analysis & Optimization: Conducted comprehensive cost analyses to identify savings opportunities and improve profitability. Proposed and implemented cost reduction solutions, contributing to significant financial improvements. Cross-Functional Collaboration: Coordinated with various business functions, including Marketing, Finance, Commodity Manager, Site Program Manager, and Business Units, to drive process improvement initiatives and enhance operational efficiency. Supplier Management: Managed sourcing activities for electronic components, electro-mechanical parts, mechanical parts, and packaging. Sent RFQs to suppliers and reviewed quotations to ensure competitive pricing and quality. Localization Projects: Led localization projects to diversify sourcing options and enhance supply chain resilience, mitigating risks and optimizing cost processes. Customer & Material Cost Management: Analyzed material cost trends and managed customer requests to optimize cost processes, ensuring alignment with business objectives and market demands. Technical Support: Assisted engineers in developing technical saving proposals, further optimizing costs and driving innovation.

Budget & Cost Management: Managed an annual spending budget of US$10M, ensuring cost-effective procurement practices and conducting comprehensive cost analyses to identify savings opportunities and improve profitability. Supplier Relationship Development: Developed and nurtured relationships with new suppliers, diversifying sourcing options and enhancing supplier capabilities to support business objectives. Supplier Compliance & Quality Assurance: Participated in plant visits and audits to ensure supplier compliance and quality standards, collaborating with the Supplier Quality Engineering (SQE) team to monitor performance. Strategic Negotiation: Led quarterly negotiations with suppliers, securing favorable terms and pricing, and achieving over 3% cost reduction year on year through strategic cost-saving initiatives. Localization Projects: Spearheaded successful localization projects in Brazil and China, involving global supplier consolidation and resulting in US$500K savings over three years. New Product Development Support: Assisted the project team in new product development initiatives, contributing to the successful launch of innovative products. Cost Reduction Solutions: Proactively proposed and implemented cost reduction solutions through effective supplier management and optimization of sourcing strategies. Sourcing Management: Managed sourcing activities for remote control units, batteries, and packaging, ensuring timely procurement and cost efficiency.

Budget & Cost Management: Managed an annual spending budget of US$1M, conducting cost analyses to identify savings opportunities and improve profitability. Achieved over 10% savings on material costs in the first year through effective cost negotiation and strategic sourcing initiatives. Costed Bill of Materials: Generated accurate costed bill of materials (BOM) to ensure pricing accuracy, supporting efficient procurement and cost control. Supplier Management: Sent RFQs to suppliers, reviewed quotations, and conducted quarterly negotiations to secure favorable terms and pricing. Developed and nurtured relationships with new suppliers to diversify sourcing options and enhance supply chain resilience. Purchase Order Management: Placed purchase orders efficiently, ensuring timely procurement and minimizing disruptions in the supply chain. Production Planning & Delivery: Oversaw production planning and closely monitored delivery schedules to meet customer demands, ensuring on-time delivery and customer satisfaction. Cross-Functional Collaboration: Collaborated with cross-functional teams to develop and implement budget plans, aligning procurement strategies with business objectives. New Product Development Support: Assisted hardware engineers in new product development initiatives, contributing to the successful deployment of over 40 new products within two years. Document Control: Implemented effective document control measures to ensure accuracy and compliance, maintaining high standards of quality and reliability. Sourcing Activities: Managed sourcing activities for electronic components, electro-mechanical parts, mechanical parts, and packaging, ensuring cost-effective and timely procurement.

Supplier Negotiation & Management: Conducted quarterly negotiations to secure favorable terms and pricing with suppliers, enhancing cost efficiency and supplier relationships. Supplier Development: Developed new supplier relationships to diversify the supplier base and enhance sourcing options, ensuring a resilient supply chain. Inventory Optimization: Implemented effective inventory control measures, optimizing stock levels and reducing inventory by 20% through just-in-time (JIT) and forecast improvement strategies in collaboration with the logistics team. Payment Management: Planned and managed timely payments to suppliers, maintaining strong financial relationships and ensuring smooth operations. Shortage Management: Handled and resolved shortage issues, minimizing disruptions in the supply chain and ensuring continuous production. Compliance & Quality Assurance: Oversaw product compliance with RoHS regulations and participated in plant visits and audits to ensure supplier compliance and quality standards. End-of-Life Management: Successfully initiated and managed an end-of-life management program, effectively handling end-of-life and last-time-buy programs for products and parts. R&D Support: Provided support to the R&D team in new product development initiatives, contributing to innovative product launches. Vendor Consolidation: Streamlined procurement processes by consolidating vendors, achieving cost savings and improving operational efficiency.