Alvarez & Marsal named Paul Fanella a managing director in supply chain services within its corporate performance improvement practice.

Fanella’s primary focus areas will be enterprise cost reduction, procurement transformation, inventory optimization, change management and enterprise resource planning (ERP) value delivery. During his three-decade management consulting career, Fanella has worked with clients across multiple industries, including consumer products, retail, healthcare, higher education and industrial products. He has established consulting practices from inception and led them through recruitment, opportunity generation, solution and team development, and client delivery.

Fanella’s notable achievements include leading a procurement transformation to reduce annual costs by up to $1 billion for a global logistics provider and delivering $250 million to a U.S. hospital system through end-to-end supply chain transformation. He also led enterprise cost reduction for a global products and retail company and the transformation of a supply chain workforce for an industrial manufacturer.

“In the past 15 months, the global economy has been shaken and supply chains have experienced disruptions of an unprecedented scale. Companies across multiple industries need strategic thinking as well as tested, proven leadership and guidance for recovery,” Cyndi Joiner, who leads Alvarez & Marsal’s corporate performance improvement practice’s east region, said. “Paul has designed and implemented transformations that position companies for growth and prosperity in a rapidly evolving global economy. His practical experience strengthens our ability to maximize value for clients and aligns with our leadership, action, results approach.”

Prior to joining A&M, Fanella spent nearly 10 years with EY, where he established and served as a principal leading the southeast supply chain and national health supply chain practices. Prior to EY, he spent more than 17 years with Accenture, serving as the supply chain partner responsible for building and leading the supply chain workforce practice and the operations partner responsible for leading the supply chain strategy practice. He also led the national Latin American diversity recruitment initiative.

Fanella is a member of the Institute for Supply Management, the Healthcare Executives Network and the Council of Supply Chain Management Professionals. He is also a member of United Way of Metro Atlanta.