At present, Mr. Stanfield is leading a strategic sourcing project for a $6 billion global manufacturer that is focusing on lower costs across direct and indirect materials. In addition to the cost reduction work streams, Mr. Stanfield is assisting the client in operationalizing a global center led strategic sourcing organization.
Previously at A&M, Mr. Stanfield led a strategic sourcing project for an integrated $20 billion global packaging and consumer packaged goods (CPG) client with a focus on $100 million in spend across styrenics and olefins including polyethylene-based films. The results include savings in excess of five percent on commodity materials, increased competition and reduced supply chain risk.
Mr. Stanfield also led a $200 million resin and paper-based packaging strategic sourcing engagement for a $4 billion global food producer across 28 production facilities. This project included supplier identification, RFP deployment, negotiation, contracting and implementation. The results included savings in excess of 15 percent and developed cost models for future price management.
Additionally, Mr. Stanfield led the operational due diligence of a $100 million target company for a private equity client, as well as a strategic sourcing project for a $1.2 billion Hong Kong-based global electronics company. This sourcing project comprised $400 million in direct material spend of metals, semi-conductors, printed circuit boards and various mechanical components. The results included savings identified in excess of 10 percent of total spend, aligned global sourcing strategies and increased competition.
Prior to joining A&M, Mr. Stanfield held several senior leadership roles with AB Electrolux. As Senior Director, Global Chemicals & NA Commodities, he owned the strategic sourcing, global supplier relationships, operating budget and purchasing results of $1 billion in global chemical spend across operations in North America, Europe, the Middle East, Africa, South America and Asia-Pacific. He also oversaw $2 billion in North American-based commodities including $600 million in annual indirect spend.
As Total Cost Leader for Electrolux Major Appliances, he led a cross-functional team focused on design for manufacturing, best cost country sourcing, freight utilization, quality improvements and lean manufacturing improvements. The team was tasked with executing cost reduction initiatives equivalent to five percent across $3.8 billion in annual manufacturing cost. He reported to the SVP of Operations and was a member of the CEO’s Operating Committee.
Mr. Stanfield earned a bachelor’s degree in business from Southern Wesleyan University.