Non-Executive Advisor
for MyProcurement
MyProcurement is a start-up focused on increasing customers profits through cost reduction. In order to offer affordable supplier cost reduction programs to their customers, they are building a purchasing group for SMEs in the engineering sector.
Considering the average manufacturing company has a 3rd party spend accounting for 68% of their turnover, cost reduction can bring a real advantage to the sector’s competitivity. As a result, a 3% supplier cost cutting exercise would represent an EBIT increase of 34%.
MyProcurement’s business model is: ‘no savings, no payment’ by identifying and delivering savings against their clients’ current spend. The model is working and Phillipe has been listed among the 35 under 35 entrepreneurs to look out for in Wales in 2020. They are in the process of building a procurement platform and automate their services in order to increase their customers’ Return on Investment
The challenge
Philippe Mele, Founder of MyProcurement and a connection of Moon Executive Search through the 2020 NatWest Entrepreneur Accelerator programme, wanted to bring an experienced Non-Executive Director into the company to help streamline their processes and to help facilitate sustainable growth for the future.
Our approach
Moon Executive Search is in contact with NEDs and advisors that specialise in FMCG and supply chain management. We reached out to our network and spoke with individuals that matched the brief about the opportunity.
After lengthy discussions with candidates, we introduced Phillippe to Jerry Marwood, a knowledgeable Non-Exec with a strong understanding of consumer trends, multichannel, international markets and, crucially, developing profit generative strategies in both B2B and B2C markets. Jerry spoke to Moon Executive Search earlier this year about the challenges the FMCG industry has faced, and overcome, during the pandemic.
Philippe Mele, Founder of MyProcurement and connection of Moon Executive Search through the 2020 NatWest Entrepreneur Accelerator programme, was pleased with the appointment of Jerry, commenting:
“Vanessa knew the persona and experience that MyProcurement required and we are thrilled to have Jerry on board as an advisor. His deep understanding of the FMCG landscape and the difficulties of managing supply chains through a period of instability will be a huge asset to our company.”
“I have known Phillippe through the Natwest Accelerator programme. His entrepreneurship and vision are infectious and I am pleased that MyProcurement is already getting the recognition for the value they can bring to SME manufacturing businesses. Jerry is a fantastic Non-Exec and his wealth of experience and drive will only make the company more robust and I am excited to see where their journey takes them.”
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