Until now I told you how much I like my fellow interns, Chicago and how much I like to come back in some of the weekends to Ann Arbor, I didn't tell you about my project.
Well it is about time I'll do so. Sears Holdings is divided to approximately 32 Business Units which each acts as a company with its own P&L. I am a proud member of the Brands business unit which is called KCD after the top three brands Sears Holdings holds- Kenmore, Craftsman and DieHard. I joined the Strategic Sourcing Group and I am working on one of the largest sourcing in the world - choosing the vendors that will manufacture the Kenmore home appliances for the next five years. Kenmore is the leading brand in terms of market share in the U.S but the manufactures who build it are Whirlpool, Frigidaire, Samsung, LG, etc. In total the result of this initiative will be almost $10B contracts, so I see many zeroes and trying not to make any errors while modeling their bids.
Although I am part of a very professional and experienced team I also have my own responsibilities that sometimes I am amazed that I own them. My team and I prepared the Request For Proposals (RFPs) for the different segments (refrigerators, laundry, cooking and dishwashers), evaluating the returning bids, meet the vendors who demonstrate the features and modeling the financial aspects of the bids in order that in the end of the process we will choose together with the buyers and the product managers which vendor will manufacture what. Because this process is very fast and occurring during the summer, I am very fortunate to be part of it.
I think it is enough information for one post, but I will keep you updated how it is evolving in the future.
Yoav.
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