Joe Ricco
@joericco
Dynamic procurement executive with a decade of strategic sourcing success.
What I'm looking for
I am a dynamic and data-driven procurement executive with over a decade of experience in delivering multi-million-dollar savings and transforming sourcing strategies across global organizations. My expertise lies in leading substantial indirect and direct spend portfolios, driving supplier innovation, and embedding operational excellence through Lean Six Sigma methodologies.
Throughout my career, I have successfully negotiated high-impact contracts and modernized procurement infrastructures, resulting in sustainable cost reductions through strategic supplier partnerships and robust category management. My leadership experience includes managing cross-functional teams across multiple countries, consistently achieving significant annual cost savings and enhancing procurement processes.
Experience
Work history, roles, and key accomplishments
Head of Sourcing & Procurement, Americas
Smiths Group
Jan 2021 - Present (4 years 6 months)
Led a cross-functional procurement team across the U.S., Mexico, and Brazil, overseeing over $300M in annual indirect spend. Designed and executed a multi-year strategic sourcing roadmap that consistently delivered $12M
–$15M in annual cost savings.
Senior Sourcing Manager, Americas
Smiths Detection
Nov 2018 - Jan 2021 (2 years 2 months)
Managed $160M in spend across direct/indirect materials and services, supporting three North American manufacturing plants. Delivered year-over-year cost reductions of 2–5% through strategic sourcing, supplier requalification, and payment term renegotiations.
Supply Chain Planning Manager
Northrop Grumman Corporation
Mar 2017 - Nov 2018 (1 year 8 months)
Directed a team managing $450M in spend for the F-16 Scalable Agile Beam Radar (SABR) Program, ensuring on-time, under-budget material delivery. Drove supplier collaboration initiatives to resolve capacity bottlenecks, achieving 98% on-time delivery rates.
Senior Procurement Contracting Official
Northrop Grumman Corporation
Mar 2015 - Mar 2017 (2 years)
Co-led an eight-person team in complex procurement projects with full cradle-to-grave purchasing responsibilities. Negotiated strategic agreements with suppliers for mechanical assemblies, software, and outsourced services, generating over $2M in savings.
Contract Specialist
Bay Technologies Consulting Group
Apr 2012 - Feb 2015 (2 years 10 months)
Functioned as liaison between Army technical leads and contracting officials, managing large-scale federal acquisitions. Conducted detailed cost/price analyses on contractor proposals and supported pre-negotiation strategies to mitigate risk and ensure value for government investments.
Education
Degrees, certifications, and relevant coursework
Loyola University Maryland, Sellinger School of Business
MBA, Management
Pursued advanced studies in management principles and business strategy. Focused on leadership, organizational behavior, and decision-making processes.
University of Maryland, Robert H. Smith School of Business
BS, Finance
Completed a comprehensive curriculum in finance, covering investment analysis, corporate finance, and financial markets. Gained foundational knowledge in economic principles and quantitative methods.
Availability
Location
Authorized to work in
Job categories
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