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Richard Trace

@richardtrace

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Executive global sourcing leader delivering enterprise savings through AI-enabled spend analytics.

United States

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What I'm looking for

I’m looking to lead global sourcing and procurement transformation—using AI-enabled spend analytics, strong governance, and contract discipline—to deliver measurable savings, sustainable procurement outcomes, and stronger supplier performance in complex enterprises.

I’m a VP Consultant in Global Sourcing with 15+ years leading enterprise-wide spend strategy, complex supplier negotiations, and cross-functional procurement governance. I manage multi-billion-dollar category portfolios across Transportation, Logistics, and Technology Procurement in highly regulated, high-growth environments.

I focus on Strategic Sourcing and Contract Lifecycle Management—combining cost modeling, supplier performance programs, and AI-enabled spend analytics to surface cost reduction opportunities and strengthen enterprise risk management. In my current role, I lead strategic sourcing and vendor management for Transportation and Logistics categories, overseeing $1.4B+ in annual spend with a focus on cost optimization and Sustainable Procurement.

Across my leadership roles, I’ve standardized procurement SOPs across 124 locations, driven a 13% category expense reduction, and built supply continuity and supplier scorecards to reduce operational downtime. From Procure-to-Pay execution in SAP Ariba to supply chain operations for $2.8B+ annual spend, I consistently deliver measurable savings, improved cycle times, and stronger supplier accountability.

Experience

Work history, roles, and key accomplishments

Current

VP Consultant, Global Sourcing

Current

JP Morgan Chase & Co.

Jan 2026 - Present (5 months)

Led strategic sourcing and vendor management for Transportation and Logistics categories, overseeing $1.4B+ in annual spend with focus on cost optimization and sustainable procurement. Drove AI-enabled spend analytics and predictive sourcing intelligence while managing contract lifecycle and enterprise risk governance across Legal, Finance, and Security.

Strategic Sourcing Vendor Management Predictive Sourcing Intelligence Contract Lifecycle Management Risk Management

Senior Procurement Manager

OnTrac

Apr 2023 - Dec 2025 (2 years 8 months)

Developed and executed enterprise sourcing strategies for MRO and logistics commodities, achieving a 13% reduction in category expenses using cost modeling. Standardized purchasing SOPs across 124 locations, supporting $486M in projected spend savings and reducing procurement cycle times.

Strategic Sourcing Spend Management AI Assisted Spend Classification Supply Continuity Programs

Procurement & AP Coordinator

Driver Pipeline

Mar 2022 - Apr 2023 (1 year 1 month)

Managed $98M in category spend for specialized construction materials, using cost modeling to validate specifications and ensure budget compliance. Negotiated supplier delivery for critical components and integrated spend management best practices into AP invoice validation to streamline resolution and improve payment accuracy.

Spend Management Invoice Validation Risk Management Vendor coordination

Supply Chain Coordinator

EMBED

Feb 2020 - Mar 2022 (2 years 1 month)

Directed end-to-end technology procurement for hardware and kiosk components, achieving 98% availability through data-driven demand forecasting and supplier collaboration. Built demand planning models and generated performance reporting to optimize procurement efficiency and reduce lead times.

Technology Procurement Demand Forecasting Supplier Management Vendor Quality Issue Resolution demand planning Process Improvement

Procurement Operator

Edmentum

Apr 2019 - Mar 2020 (11 months)

Sourced and executed purchasing for a $77M annual spend portfolio, using contract drafting and redlining to secure favorable vendor terms and reduce total cost of ownership. Managed RFP/RFQ processes in SAP Ariba and administered procure-to-pay controls to ensure budget alignment and contractual compliance.

Strategic Sourcing Contract Drafting Redlining SAP Ariba Procure To Pay Spend Management Supplier Management

Supply Chain Manager

Welspun Tubular

Dec 2015 - Apr 2019 (3 years 4 months)

Directed end-to-end supply chain operations for a multinational manufacturing environment, overseeing $2.8B+ in annual spend across raw materials and indirect categories. Applied cost modeling and strategic sourcing, led lean process improvements to reduce lead times, and implemented supplier scorecards and governance frameworks to improve vendor due diligence outcomes.

Strategic Sourcing Due Diligence Governance