About

Chief Procurement Officer

Meet Dave Stowe

Dave is the Founding Partner at Adventus Consulting. With more than 25 years of experience, he helps rapidly growing companies harness supplier value. By recognizing each client’s unique culture and objectives, he works with leaders and teams to help them grow within their organization by clarifying issues and objectives. Through this approach, their sourcing and procurement processes are transformed to improve their costs, risks, and growth goals.

 

Prior to founding Adventus, Dave was the Head of Sourcing and Procurement at Horizon Therapeutics and Purdue Pharma, where he transformed the procurement and sourcing functions in rapidly changing environments. His consulting experience includes roles at PwC and Oliver Wyman where he led sourcing and operational engagements for private, public and private equity midsized clients. He works with small to mid-sized companies across industries in life sciences, industrial products, oil and gas and plastics packaging.

 

Dave earned his MBA and a MS Industrial Engineering from the University of Michigan and a BS Industrial Management from Purdue University.

 

In his leisure time, you can find Dave with his family hiking, swimming, golfing, skiing and playing hockey. Life is an adventure!

Prior Leadership Roles

  • Horizon Therapeutics, Sr. Director Procurement & Supplier Management
  • Purdue Pharma, Director Procurement
  • PwC, Director Life Sciences, Supply Chain Practice
  • Oliver Wyman, Strategic Consulting

Education

  • MBA, University of Michigan
  • MS Industrial Engineering, University of Michigan
  • BS Industrial Management, Purdue University

Select Experience

  • Developed and launched procurement department for a midsized pharmaceutical company to efficiently purchase services and goods. Defined the Source-to-Pay (S2P) process and operating model necessary to support company’s continued growth. Developed business case and secured support of CFO, CEO and Executive Committee members to launch department.
  • Conducted Request-for-Proposal (RFP) for Source-to-Pay software solution for a global oil and gas client. Worked with cross-functional groups from procurement, legal, finance and IT to define requirements, conduct demonstrations, solicit input from stakeholders and solution providers. Supported evaluation of 3 software providers, developing analysis, socializing program, soliciting best and final offers and securing CFO and executive approval for contract signature.
  • Implemented corporate-wide supplier cost reduction strategy for medical diagnostic manufacturer acquired by a private equity firm. Generated run rate savings of 4-10% across direct and indirect categories to meet aggressive run rate and EBITDA savings goals.
  • Supported Enterprise Risk Management Committee (ERMC) development for midsized pharmaceutical company; identified supply risks with potential to materially impact financial, compliance, operational and strategy goals; developed and prioritized solutions with ERMC to present to Executive Committee and Board of Directors.
  • Executed sourcing and category management strategy to drive 7.7% in annual savings for $3B industrial products client. Deployed category management process for logistics, MRO and service categories. Supported monthly Executive Steering Committee meetings with framework to align cost reduction and supplier management processes.

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