Stephen Fecho, Jr

Flemington, New Jersey, United States Contact Info
4K followers 500+ connections

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About

I am an accomplished senior executive with over 20 years of experience in leading global…

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Experience & Education

  • Biocon Biologics

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Volunteer Experience

  • Board of Directors

    Greater Flemington Soccer Club

    - 8 years 8 months

    Children

  • National Interscholastic Cycling Association (NICA) Graphic

    Level 1 Coach

    National Interscholastic Cycling Association (NICA)

    - 3 years

    Children

  • United States Coast Guard Auxiliary Graphic

    Crew, Coxswain and Vessel Inspector Certified

    United States Coast Guard Auxiliary

    - 8 years

    Education

  • Member

    Supply Chain Risk Leadership Council

    - 5 years 6 months

    Science and Technology

    Subject Matter Expert (SME) to create best-practices, standards, processes, capabilities and metrics to be adopted across industries. Leverage this best practices effort to proactively initiate consistency across industries and their related organizations / councils. Enable standardization across industries where applicable and become “industry integrators” for the betterment of a more efficient and consistent risk management environment. https://scrlc.com

Publications

  • Supply Chain Risk Management - Overcoming Business Complexities

    NC State University - Supply Chain Resource Cooperative

  • Forecasting Insights and Methodologies

    SIG Summit

    Other authors
    • Mark Bjedov
    See publication
  • Leveraging Market Intelligence as a Competitive Advantage

    The Hackett Group, Inc.

    Nearly all procurement organizations have separated strategic sourcing processes from transactional purchase-to-pay (P2P) activities. Many have also established internal Centers of Excellence (COEs) for data-intensive activities such as spend
    analytics. However, there is no reason to limit COEs to spend analytics, given all the other standardized, data-intensive “strategic” sourcing activities. These include the gathering, aggregating, reporting and selected analyses of supplier/market data,…

    Nearly all procurement organizations have separated strategic sourcing processes from transactional purchase-to-pay (P2P) activities. Many have also established internal Centers of Excellence (COEs) for data-intensive activities such as spend
    analytics. However, there is no reason to limit COEs to spend analytics, given all the other standardized, data-intensive “strategic” sourcing activities. These include the gathering, aggregating, reporting and selected analyses of supplier/market data, such as trends and risks.
    In 2008, Merck sought to use this strategy to improve sourcing efficiency and effectiveness. Championed by Chief Procurement Officer Richard Spoor and spearheaded by Stephen Fecho, Merck had initially attempted this in 2005 by assigning responsibility to sourcing analysts. As Merck increased its access to spend and ventured into new and more complex categories and regions, it had a need for more detailed and forward-looking market intelligence to support its sourcing
    management process (SMP). Therefore, a new approach was needed, leading to the creation of the company’s Market Intelligence Center of Excellence (MI COE).

    Other authors
    See publication
  • Manufacturing & Competitive Intelligence: Cases, Tools and Talk

    Pharma Competitive Intelligence Conference & Exhibition

  • Leveraging Supply Market Intelligence as a Competitive Advantage

    NC State University - Supply Chain Resource Cooperative

    "Steve shares the origins of the Market Intelligence function, and how it has evolved to become a critical strategic weapon for leveraging supply chain relationships globally at Merck. Central to his discussion was the fact that good MI not only serves supply chain stakeholders, but can better inform customers and key business unit stakeholders on the trends in the market and how they shape the future."
    - Robert Handfield, Bank of America Distinguished Professor of Supply Chain…

    "Steve shares the origins of the Market Intelligence function, and how it has evolved to become a critical strategic weapon for leveraging supply chain relationships globally at Merck. Central to his discussion was the fact that good MI not only serves supply chain stakeholders, but can better inform customers and key business unit stakeholders on the trends in the market and how they shape the future."
    - Robert Handfield, Bank of America Distinguished Professor of Supply Chain Management at NC State

    Other authors
    See publication
  • Leveraging Supply Market Intelligence as a Competitive Advantage

    DCAT/ISM Sourcing Summit 2010

    Today's economy forces companies to evaluate their business models and seek new ways to drive competitive advantage. As a result, procurement organizations increase their access to spend and venture into new and more complex categories and regions of the world requiring the need for more detailed and forward-looking market intelligence to support strategic sourcing. Additionally, given the environment of limited resources and competing priorities, companies need to find a way to streamline…

    Today's economy forces companies to evaluate their business models and seek new ways to drive competitive advantage. As a result, procurement organizations increase their access to spend and venture into new and more complex categories and regions of the world requiring the need for more detailed and forward-looking market intelligence to support strategic sourcing. Additionally, given the environment of limited resources and competing priorities, companies need to find a way to streamline their processes and/or eliminate non-core work so that they can focus on optimizing sourcing strategies. Mr. Fecho will provide you with an overview of what market intelligence means at Merck, how it is gathered, and how to define the value generated by good market intelligence.

    See publication

Honors & Awards

  • Merck FOOTPRINT Award

    Merck & Co., Inc.

    Recipient of the annual CPO Footprint Award for demonstrated leadership, exceptional performance, outstanding level of spirit and superior level of dedication to further the Global Procurement & External Manufacturing Organization.

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