Professional Summary
Professional Overview
Richard Thurston is a seasoned procurement executive with over 20 years of experience in the high-tech manufacturing industry. As the Senior Director - Head of AGS Procurement at Applied Materials, he oversees the strategic sourcing and procurement operations for the company's Automation, Genomics, and Services (AGS) business unit.
Experience Summary
Current Role
In his current role, Richard is responsible for aligning the AGS procurement strategy with the overall business objectives of Applied Materials. He leads a team of procurement professionals in managing supplier relationships, negotiating contracts, and implementing cost-saving initiatives to optimize the AGS supply chain. Under his leadership, the AGS Procurement team has achieved significant cost savings and improved supplier performance, contributing to the division's overall profitability and market competitiveness.
Career Progression
Prior to his current role, Richard served as the Director, Head of AGS Procurement at Applied Materials, where he successfully managed the transition of the procurement function to a more strategic and proactive approach. Before that, he held the position of Head of Volume Supply Chain - FEP, where he leveraged his expertise in materials management and supplier relationship management to enhance the company's supply chain efficiency.
Earlier in his career, Richard held procurement and materials management roles at Flextronics and Applied Materials, where he developed a deep understanding of the high-tech manufacturing industry and honed his skills in commodity management, project management, and supplier collaboration.
Academic Background
Richard holds a Bachelor's degree in Industrial Engineering from the University of Texas at Austin, where he graduated with honors.
Areas of Expertise
- Strategic sourcing and procurement
- Supply chain optimization
- Supplier relationship management
- Cost reduction and cost savings initiatives
- Project management and process improvement
- Materials management and inventory control
Professional Impact
During his tenure at Applied Materials, Richard has led several strategic initiatives that have had a significant impact on the company's operational and financial performance. He has spearheaded the implementation of advanced analytics and data-driven decision-making in the procurement function, resulting in improved visibility and more effective decision-making. Additionally, he has played a key role in strengthening supplier partnerships, leading to enhanced supply chain resilience and improved product quality.
Conclusion
With his extensive experience, strategic mindset, and demonstrated track record of success, Richard Thurston is a respected leader in the high-tech procurement field. He is committed to driving innovation, optimizing supply chain operations, and contributing to the overall growth and profitability of Applied Materials' AGS business unit.
