Larry Magnus - Contracts/Supply Chain/Cost Analysis
Resume:
LARRY MAGNUS________________________________________
*** ********** ***** • Mansfield, Texas 76063
817-***-**** • *****.******@***.***
PROCUREMENT, COST / PRICE ANALYST, AND SUPPLY CHAIN MANAGER
Financial analyst and supply chain manager with 20+ years experience. Expertise in contract and subcontract administration, ISO 9001 and AS9100, statistical analysis, budgeting and forecasting, and regulatory compliance. Proven ability to manage multi-million dollar outsourcing procurement contract with international suppliers to reduce production costs. Solicit, analyze, and negotiate contracts based on proposals that lead to production contract. Ensure fulfillment of contractual requirements, including costs, schedules, and quality requirements.
Contract Negotiations • Cost Analysis • Price Analysis • Operations Management
Process Improvement •Product Development • Project Management • Purchasing
Financial Analysis • Forecasting •Regulation Compliance • Research / Development
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CAREER ACHIEVEMENTS
Maintained 99.77% acceptance rate of all materials receipts passing customer receiving and inspection.
Trimmed defective materials from 50% to 3%.
Stabilized price growth through long term pricing agreement.
Reduced inspection / shipping span from 4 weeks to 5 days.
Built bid analysis tools to improve decision making and reduce costs for supplier selection.
Implemented new analytical tools for decision-making and to aid in contract negotiations.
Created additional tools that evaluated supplier bids based on cost, technical capability, management, past performance, and schedule.
Incorporated use of learning curves to negotiate pricing based on anticipated production cost savings over time.
Evaluated and recommended implementation of WebEx tool at BAE Systems, cutting travel costs 25%.
Maintained contract signing authority for new contracts and change contracts up to $1,000,000.
Negotiated 15-20% costs savings on major dollar subcontracts.
Increased inventory turnover rate from 3 to 5 times.
Coordinated Just-In-Time (JIT) and Kanban processes for procurement.
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PROFESSIONAL EXPERIENCE
Vought Aircraft, Inc. Grand Prairie, Texas. 2008 – Present.
Material Support Team Member 4
• Manage global sourcing efforts to provide international suppliers with material and parts, technical experience and expertise to become aircraft manufacturer providing services, parts, subassemblies, and assemblies for the Boeing 747 passenger and freighter configurations.
• Support on-going material sales to international customers with supplier sourcing, pricing, engineering, quality, logistics and import/export control so they can provide quality finished products to Vought.
• Provide orientation for international suppliers to new strategies and business practices.
• Provide project management support for a team-based material organization, coordinating activities in a variety of cross-functional areas including material planning, procurement, supplier quality assurance, production, finance, materials systems, and customer service.
Selected Accomplishments
Developed and implemented operating procedures.
Maintained 99.77% acceptance rate of all materials receipts passing customer receiving and inspection.
Trimmed defective materials from 50% to 3%.
Stabilized price growth through long term pricing agreement.
Reduced inspection / shipping span from 4 weeks to 5 days.
L-3 Communications, Link. Arlington, Texas. 2006 – 2008.
Senior Subcontract Administrator
• Supervised subcontract administration of major dollar DOD commercial and development subcontracts with domestic and international suppliers.
• Identified potential supplier sources and issued RFQ/RFP bid packages to qualified sources.
• Analyzed supplier proposals, developed and executed negotiation plans, resolved terms and conditions, and formalized subcontracts.
• Performed contract changes, resolved supplier issues, insured the suppler met quality requirements and delivery schedules, insured on time supplier invoice payments, and closed subcontracts.
• Worked fixed price, time and material, IDIQ, and labor hour subcontracts.
Selected Accomplishments
Built bid analysis tools to improve decision making and reduce costs.
Implemented new analytical tools for decision-making and to aid in negotiations.
Created additional tools that evaluated supplier bids based on cost, technical capability, management, past performance, and schedule. Incorporated use of learning curves to negotiate pricing based on anticipated production cost savings over time.
Taught cost analysis and subcontract documentation.
BAE Systems, Inc. Austin, Texas. 1998 – 2006.
Subcontract Administrator
• Administered subcontracts for major dollar DOD commercial and development subcontracts with domestic and international suppliers.
• Assisted in clearly defining the SOW requirements, identifying potential supplier sources, and issued RFQs/RFPs to qualified sources while working within an ITP environment.
• Developed and executed negotiation plans, resolved terms and conditions, and formalized subcontracts.
• Performed contract changes, resolved supplier issues, conducted monthly earned value financial reviews, insured suppliers met quality requirements and delivery schedules, insured on-time supplier invoice payments, and closed subcontracts.
• Supported prime negotiations as required.
• Worked fixed price, cost-plus-fixed-fee, cost-plus-incentive-fee, cost-plus-award- fee, time and material, IDIQ, and labor hour services subcontracts.
Selected Accomplishments
Evaluated and recommended implementation of WebEx tool at BAE Systems, cutting travel costs 25%.
Managed multi-million dollar subcontracts on a DOD development contract to provide quality products within contract price and scheduled delivery requirements.
Maintained contract signing authority for new contracts and change contracts up to $1,000,000.
Negotiated 15-20% costs savings on major dollar subcontracts.
Taught contract negotiations, cost & price analysis, parametric pricing, correlation and regression analysis for subcontract administrators and buyers.
Siemens Rolm. Austin, Texas. 1996 – 1998.
Buyer
• Purchased telephone and video conferencing components / equipment.
• Processed first article qualifications, established economic order quantities, streamlined delivery schedules, and negotiated unit prices.
• Insured compliance with ISO 9000.
Selected Accomplishments
Increased inventory turnover rate from 3 to 5 times.
Decreased product acquisition costs by instituting standard pricing and reducing unit prices order processing cost.
Coordinated Just-In-Time (JIT) and Kanban processes for procurement.
Northrop Corporation. Pico Rivera, California. 1988 – 1993.
Senior Cost Analyst
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EDUCATION
B.A. in Business Administration. Oklahoma State University. Stillwater, Oklahoma.
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