
Matthew Storti
Director of Procurement Technology @ CVS Health
United States
Smithfield
Health, Wellness & Fitness
Procurement, Strategic Sourcing, Lean Six Sigma, Cost Reduction, Social Media, Event Planning, Research, Accounting, Financial Accounting, Six Sigma, Sales, Data Analysis, Enterprise Resource Planning (ERP), Material Requirements Planning (MRP), Analytics, Big Data, Pivot Tables, Purchasing, Forecasting, Supply Chain Management
Experience

Senior Manager, Strategic Sourcing
Senior Procurement Category Manager for IT Labor, Marketing Services, HR Shared Services, and Legal. • Responsible for leading and delegating all sourcing activity (including RFPs & negotiations) for the above categories • Manage short & long-term category plans, spend profiles, and project pipelines • Developed strong working relationships with category stakeholders and executive leadership • Accountable for the delivery of savings goals

Category Manager, Strategic Sourcing
Category Manager for Marketing Services ($1B) • Responsible for all sourcing activity conducted within Marketing, Corporate Communications, and Market Research • Frequently relied on as the negotiation lead for high spend / leadership visibility special projects • Responsible for reviewing and approving all vendor contracts over $100K (prior to signature) • Accountable for the delivery of savings goals for category (Saved $14M in 2021)

Senior Consultant, Strategic Sourcing
Led a variety of RFPs and sourcing events with a focus in marketing and consulting categories • Complied scope of work and requirements, analyzed and evaluated vendors then negotiated final commercial terms • Developed and presented sourcing analysis to procurement and business leadership • Conducted market research that supported negotiation strategies and award decisions for each sourcing event • Strategically led projects to consolidate vendors and decrease spend (Saved $10M in 2020)

Buyer / Planner
Providence, Rhode Island
Managed inventory and suppliers for: Packaging, Embroidery, Challenge Coin Company, & Bear Forces of America • Reduced inventory 35% while improving stock out percentages • Completed three large cost reduction projects saving in excess of %10 Revenue in one year • Analyzed and presented information to leadership that was critical in two company acquisitions • Utilized analytical skills to improve modeling and simulation of inventory replenishment • Successfully converted Challenge Coin Company onto MRP platform in SYSPRO • Communicated with field sales and other internal teams to creatively address discontinued, obsolete, excess, and slow-moving inventory • Sourced and regularly challenged suppliers to provide better pricing, lead times, and quality

Strategic Sourcing Specialist
Warwick
• Negotiated service contracts with company vendors • Process mapping with recommendations on efficiencies in several areas of operations and purchasing • Performed Make vs. Buy and other strategic analysis • Assisted with the implementation of new ERP/MRP System

President
InFlight Images
West Warwick, Rhode Island
• Started and managed a successful drone photography business • Company footage was utilized on national TV commercials
Education
Matthew Storti's Contact Information
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