CMF Launches Procurement Offering, Names Sourcing Manager
CMF Associates, a provider of financial, operational, and human capital solutions to private equity, middle market and small cap public companies, announced the launch of The Return Accelerator™, a procurement services offering designed to capture quantifiable savings for public and privately held companies and portfolio companies within private equity firms.
CMF also named Steven DelCarlino, manager, Strategic Sourcing, to direct all engagements and projects for the Return Accelerator Program.
The Return Accelerator™ program applies proven sourcing strategies and best practices to areas of “indirect spend,” such as selling, general & administrative expenses and manufacturing overhead, in support of middle-market companies looking to continually improve the cost and quality attributes of spending. This offering is integrated with CMF’s interim and full-time CFO services, systems and office conversions, and transaction & transition-related consulting products to enhance “one-stop-shopping” offering to middle-market finance departments.
DelCarlino comes to CMF with more than six years of experience working with corporations, international businesses and private equity portfolio companies in the strategic sourcing and supply chain fields. He also brings a diverse knowledge of spending categories and project delivery experience to his new role.
Previously, DelCarlino managed supply chain and strategic sourcing projects as a project manager with boutique strategic sourcing consulting firms and other companies, with concentrations on the logistics, packaging, raw materials, finished goods, facilities services, MRO and IT sectors.
“Steven’s leadership in strategic sourcing will enable CMF to innovate in an area that provides quantifiable savings to our client’s, which will positively impact their profitability and a private equity fund’s return,” said Thomas Bonney, founder and managing director at CMF Associates. “We look forward to providing a deeper level of support for portfolio company growth plans that vitally impacts valuations and returns.”