Biography: Mike Smith
Mr. Smith is a recognized expert in Procurement and Spend Analytics. He has earned his reputation as an industry leader and innovator by helping large companies transform their procurement organization from a tactical operation to one that is a valued business partner on a strategic level. During the past 20 years, he has held various leadership roles within several Fortune 500 firms and has focused extensively in procurement organizational transformations. He has delivered millions of dollars of savings by implementing new ways to achieve procurement excellence through the use of innovative procurement tools.
Prior to joining Lexington Analytics, Mr. Smith was the Chief Procurement Officer of The Hanover Insurance Group, Inc., a regional property and casualty insurer. In this capacity, Mr. Smith led the spend activities for all direct and indirect spend categories, and introduced a comprehensive strategy that transformed the organization into a world class operation with leading edge technological capabilities. He has extensive experience in the integration of Spend Analytics in conjunction with Sourcing, Contracting and Procure-to-Pay applications, and is considered a leading expert in advanced procurement tools.
Previous to his role at The Hanover, Mr. Smith led several procurement technology initiatives including: development and implementation of CIGNA Corporation's sourcing, procurement and spend analysis infrastructure; ADP's eProcurement and Software Asset Management initiatives; and AT&T's initial foray into eProcurement. In additional to his experience in procurement technologies, Mr. Smith has led a multitude of sourcing initiatives in both direct and indirect spend categories for products and services within service based industries.
Mr. Smith received his Masters of Business Administration (international Business) from Fairleigh Dickinson University, Madison, New Jersey, and holds a Bachelors of Science degree (Business Logistics) from The Pennsylvania State University, University Park, Pennsylvania.