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Larry Coffey, CPCPFeatured Member for January 2019

Regional Category Manager–Indirect, Linde North America Inc.

The NAPCP kicks off 2019 with Larry Coffey as Featured Member. Larry is the longest tenured member of the Purchasing Card Professional Credential Council (PCPCC), joining the Council in time to add some finishing touches to the popular Purchasing Card Essentials book, now on version 3. When the NAPCP set its sights on going global, Managing Director Diane McGuire considered Larry the "go-to" guy and someone who is always willing to share his expansive knowledge. Read more about Larry in his impressive professional bio and interview below:

Over 30 years of progressive procurement and management experience ranging from indirect materials and services, chemicals, electronic systems, component parts and strategic outsourcing. Proven abilities to lead cross-functional teams, negotiate contracts, develop long-term commodity strategies, utilize e-sourcing and e-commerce tools, manage working capital and develop total cost analysis.

Over 15 years of experience in Commercial Card programs for several large enterprise industrial and medical device companies. Instrumental in the early adoption of ePayables solutions as a significant savings tool. Experienced in development of a Global Commercial Card program with one of the largest programs in the manufacturing sector. Fifteen year membership in the NAPCP including 12 years as a Professional Certification Council member.

Career military officer serving 21 years in the United States Navy. Holds an MBA from University of Georgia.

1. What are you passionate about with your job?

I have always been passionate about being a procurement professional. There is no other profession that offers such opportunity to contribute to the success of the company, with the fruits of your efforts going directly to the bottom-line. I take great pride in being able to negotiate fairly with our vendors and try to always achieve a win-win scenario for both parties. I love being able to lead and develop younger procurement folks while at the same time learning new techniques and ideas from them.

2. What are you most proud of about your job? 

My pride in my job comes from many avenues. I have been very successful in achieving significant savings for the companies that employed me. I am well-respected at work by my colleagues who often see me as the go-to guy. I have employees who have complimented me to my wife and family as the best boss they ever had. Hard to not view that with pride.

3. Larry's current challenge:

The current challenge is that our company has been going through a divestiture and merger for the past 12 months. We are getting to the end of the process, but it has required us to remain focused on generating savings while at the same time splitting all of our systems in two. Our Commercial Credit Card program has become instrumental in getting us through the system shutdowns, but will have to be rebuilt after the merger into something even better.

4. What is your favorite part of being part of PCPCC?

I have been on the Council for 12 years. I learned a lot from my colleagues and fellow council members, specifically Dave Tyson, a mentor and the person who encouraged me to join the council. Our proudest moments were in developing Purchasing Card Essentials, where I was able to contribute a small part in its creation. My favorite part is often fielding various questions from those seeking the CPCP credential and trying to maintain the integrity of the credential program.

5. What advice do you have for those interested in pursuing the CPCP credential?

I learned more about Commercial Cards during my pursuit of the CPCP than any of my professional jobs would have afforded me. It gave me the knowledge to be viewed as an expert in the field with my own organizations and also with other companies who have called on me for reference calls, participation in conferences or speaker panels.

Click here to learn more about the Certified Purchasing Card Professional (CPCP) credential.

6. What are you passionate about outside of work?

Outside of work I have many passions, but primarily I have focused on two of these: 1) bike riding for charity and 2) woodworking. I have been riding in annual long-distance charity rides for Multiple Sclerosis (MS), Cancer, ALS and Juvenile Diabetes for over 15 years raising over $25,000 from colleagues and friends. Woodworking is a recent hobby-passion in the last few years starting with small DIY pieces to building furniture for our home and for others. I am continually taking classes to perfect my craft and see myself doing this for a very long time.

7. Fun fact: 

I am married to my high-school sweetheart after an absence of 28 years. I joined the U.S. Navy right out of high school, and after traveling all over the world, reunited with her post-9/11 through a website. We married about two years later and just celebrated our 15-year anniversary. She remains the love of my life! We raised two great kids, one who will follow in my footsteps in the Supply Chain & Procurement field after graduation from Penn State University. Probably a result of many dinner-table conversations.

Program details: 

Current program is with a large industrial gas manufacturer and includes approximately 2,000 P-Cards, Virtual Card program, Dedicated-Supplier Cards and customized HR candidate cards. We use an automated transaction monitoring system that monitors our P-Cards and our T&E cards with a different provider. Our T&E program has over 4,000 Travel Cards, Meeting Cards, and integrated Travel Management and Expense Tool. Total P-Card program is $110 million. JP Morgan is the provider. T&E program is with American Express and has a value of $120 million.

Click here to learn more about past Featured Members.

 


 

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Event Calendar

1/30/2019
Part I—Explore the RFP Process! Learn What Steps to Take Before Going Out for RFP

2/7/2019
MUFG Virtual Demo: Employee Application Process: Making it Efficient and Flexible

2/12/2019
Part II—Extra! Extra! Creating an Effective RFP Document Can Be Easy!

2/13/2019
Travel Card Advisory Team Presents Best Practices: Managing Delinquency

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