Hilco Performance Solutions named Steve Savoy practice leader for its procurement, supply chain and materials handling practice.

“We are very excited to have Steve assume the leadership of our procurement, supply chain and materials handling practice,” Steven Tanzi, president of Hilco Performance Solutions, said. “Along with this lead position, Steve will continue to support his manufacturing client base. He is the ideal combination of an industry practitioner and advisor to be a highly effective hands-on client partner.”

With more than 25 years of both industry and consulting experience supporting companies with their transformational efforts leveraging his knowledge of supply chain, operations, manufacturing, procurement, program management and strategy, Savoy has led multiple lean implementation projects, PMO teams, operations strategies and strategic sourcing projects.

Savoy’s experience includes:

• Serving as interim vice president of procurement for a $4 billion electronics equipment manufacturer with $800 million in direct spend. In this role, Savoy hit savings targets for the first time in three years, with savings 40% above targets, and collaborated with IT and finance to track part savings to the P&L statement.
• Achieving up to a 20% reduction in cost of goods through strategic sourcing for clients in multiple industries.
• Developing a manufacturing strategy and footprint by evaluating processes and capabilities in each facility to determine logical manufacturing units to drive unbiased decision making. The new footprint and strategy generated $10 million in annual savings.
• Leading post-merger integration and execution of the value creation plan for private equity portfolio companies in industrial equipment and automotive aftermarkets.
• Leading a $1 billion division of a Tier 1 automotive supplier, organically growing revenue and turning around negative margins to industry average.

Savoy is a board member and chair of the committee for diversity, equity and inclusion for the Detroit chapter of the Association for Corporate Growth.

“All aspects of material procurement and handling are an important part of our suite of service offerings to our clients,” Tanzi said. “These are areas that every industry that produces a product has been plagued with in recent years. HPS is here to help. With Steve’s leadership, we have the team in place to meet the challenges of procurement, supply chain and materials handling to help our clients with the challenges of businesses processes and improve their operational efficiencies.”