Management Sales

Joseph A. Adeleye

**-** ***** *******

Newark, NJ 07106

Cell Ph #: 973-***-****

Email: *************@*****.***

Computer Skills: SAP, Macola, J.D.Edwards, AS400, Advance Excel, advance Outlook and Lotus

Notes

Experience: Consulting assignments via Advance Technologies Solutions, Aerotek Staffing &

Kelly Services. 2010 to 2014

Johnson & Johnson, Skillman, NJ. CHC Consumer Health Care goods

August 2012 to August 2014, twenty five months assignment. Used SAP

Senior, Cost and Inventory Supply Chain Planner.

Costing

• Maintained accurate standard costs, material usage, direct labor, overhead and

yield.

• Assisted manufacturing plants to ensure that bill of materials in MRP reflected

the materials used & produced and correctly represents the manufacturing process of

the products.

• Monthly accounts reconciliation.

• Ensured accuracy of standards costs routings.

• Reported standard costs versus actual cost variance to the management.

• Reviewed yearly standard costs valuation methodologies for possible changes.

• Prepared and reported COGS to the management.

• Calculated, analyzed, and reported various variances (yield, PPV, productivity,

materials, labor, machine time etc.) and reported the root causes and resolution to the

management.

• Collaborated with plant manager to identify and corrected issues in a timely

manner.

• Conducted margin analysis to ensure company margin requirements are

maintained and provided feedback to the management.

• Identified opportunities for process and cost improvements, and. managed cost

reduction tracking and/ reporting.

• Performed top to bottom analyses of raw materials standard costs valuations and

rollups.

• Responsible for establishing standard costs for all finished goods produced.

• Prepared, analyzed and maintained direct materials, direct labor and factory

burden rates for the management.

• Performed various journal entries and ad hoc cost accounting project for the

management as required.

Inventory Control Supply Chain Planner

• Reviewed and published daily worldwide current finished goods

inventory levels to all users. Including inventory in-transit and consignment

inventory

• Reported daily unit fill rate (UFR) and sales and provided management

with sales variance.

• Monitored procedures to ensure global inventory levels are in

alignment pursuant to Johnson and Johnson global inventory guidelines at all

the distribution centers (DCs)

• Golden award winner for achieving 99.9% UFR. Monitored all key

functions relating to inventory including purchase order, receipts, work order

completions, returns and destruct compliance.

• Managed all inventory control adjustments and ensured proper valuation and

costing of inventory for financial reporting.

• Monitored Process Excellence that provides a powerful improvement

framework to increase efficiency and effectiveness while delivering sustainable

outcomes.

• Ensured that Perpetual Inventory and General Ledger are in sync.

• Performed wall to wall and top to bottom physical inventory with Warehouse

management and inventory overlay.

• Performed cycle counts and adjustments that reflect actual perpetual

Inventory on hand.

• Calculated, analyzed and reported inventory variances.

• Worked with operations & distribution center teams to identify anomalies

and corrected issues in a timely manner.

• Worked with operations and DCs teams to ensure timely recording of

inventory transactions.

• Reviewed monthly inventory transactions and reconciled to general ledger.

• Analyzed excess and obsolete inventories and maintained appropriate

reserves

• Provided support to operations, distribution centers and sourcing for

inventory management alignment.

• Daily high level review of current global inventory positions to ensure

Inventory guidelines are in alignment globally.

• Daily detailed analysis of inventory in distribution centers to ensure it

meets company safety stock and days of supply (DOS) levels strategies.

• Launched new product in collaboration with manufacturing plant, sales

group and federated owners.

• Prepared monthly MAPE, S&OP and KPI decks for management.

• Collaborated and supported demand planner and sales group’s

forecasts initiatives.

• Monitored daily outbound in-transits and file carrier claim on damaged

products by freighter.

• Monthly analysis of slow moving and obsolete Inventory SLOB and

projected global inventory obsolescence and provided management with

details.

• Partnered with distribution centers to ensure global inventory discrepancies

are investigated, root causes are identified and preventive measures are put in place.

• Monitored daily finished good, raw materials, work in process (wip). Bulk,

Packaging components and consignments across the globe.

• Maintained all materials in the system with the most current information for

MRP reliability.

Colortrend LLC Piscataway NJ. Manufacturer and distributor of paints .

June 2011 to June 2012, Thirteen months assignment. The company was old.

Senior, Cost and Inventory Supply Chain Coordinator.

Performed similar functions as at Johnson and Johnson.

Supported Colortrend manufacturing plant. Logistics and warehouses and

provided cost accounting and inventory supports to all areas of the business .

Medicia Holdings, Dayton, NJ. Cosmetics Contract manufacturer

January 2011 to June 2011, six months assignment. Used Macola

Senior Cost and Inventory Accountant

• Responsible for periodic requirements of costing activities and analysis of Cost of

Goods Sold. Prepares detailed product costing analyses. Analyzed costs and

investigated issues and variances.

• Analyzed Purchase Price Variances (PPV) and highlights major changes. Analyzes

process order variances and provides transparency on issues / concerns to the

management. Ensures accuracy of standards compared to actual costs. Ensured

correct structure setup for cost centers. Analyzed gross profit of the sites and

investigates variances to company expected profit.

• Evaluated and analyzed discards and/ write offs and provides transparency on types

of write off transactions to the management. Supports Supply Chain Team

inventory forecasts initiatives.

• Supported monthly financial closings and integrity of the general ledger.

• Ensured accruals are correctly posted through in the system and reviewed

operations cost centers for accuracy.

• Worked with general accounting in resolving issues. Maintained inventory of fixed

assets. Supported the Controller on requirements associated with the development

of business plans, annual budget process, forecasts, ad hoc projects and analysis.

Virgin Mobile Warren NJ. Manufacturer and distributor of communication devices

including cell phones.

May 2010 October 2010, six months assignment.

Senior Cost and Inventory Accountant

Performed similar function as in Medicia Holdings

Thales Avionics Inc. Edison NJ 2007- April 2010 Used SAP

Senior Cost and Inventory Accountant

• Planned, studied and collected data of costs of material purchases.

• Performed back to back analyses of standard costs and costs of new product

design.

• Responsible for establishing standard costs for all finished goods produced.

• Monitored monthly operating results compared to forecasts and reported variance

back to the management.

• Reviewed bill of materials for accuracy, direct materials, direct labor and factory

burden.

• Conducted margin analysis to ensure company margin requirements are

maintained and provided feedback to the management.

• Analyzed and maintained labor and overhead rates.

• Analyzed and reported all manufacturing variances to the management.

• Performed analyses of change in material to determine the effects on costs and

actual manufacturing costs compare to standard.

• Monthly reconciliation and adjustments of perpetual Inventory to General Ledger.

• Compiled cost information to be used in operating budget preparation.

• Provided management with report detailing the root causes of purchase price

variance (PPV).

• Monthly review of raw materials, packaging and finished goods to identify

potential obsolete items.

• Prepared product profitability report for the management and performed analyses

of engineering BOM explosion of finished goods.

• Assisted in general ledger reconciliation, month end closing, financial reporting,

internal and external audit processes and monthly accruals.

• Validated and closed out all finished jobs in the system to be released for stocking

at the DCs.

• Supported supply chain team in working capital reduction initiative.

• Supported and provided engineers with the cost of a new design unit

(Equipment). Supported supply chain team in inventory forecast and sales team in

strategic business plan (SBP) and sales forecast.

• Corrected bill of materials in the system resulting in significant decrease in

unfavorable variances. Validated and processed all old and outstanding purchase

orders resulting in decrease in expected inventory outstanding.

• Corrected Avionics computers (TCT), SRS’s, LRU’s and IFE bill of materials in

the system (SAP) resulting in significant decrease in unfavorable variances. Validated

and processed all old and outstanding purchase orders resulting in decrease in

expected inventory outstanding.

• Established and customized special report in SAP query used for various projects

resulting in decrease labor hours-overtime.

• Eliminated finished goods (equipments) and parts located in wrong plants and

storage locations resulting in end of month accurate perpetual inventory reporting.

• Deep drive maintenance of finished goods and raw materials inventories, work in

process, in-transit, consignment, loaners, 12 outside warehouses and vendor managed

inventory (VMI), analyses of open purchase orders, track anticipated purchase prices

variances (PPV) of open orders. Perform inventory cycle counts and made stock

adjustments.

• Tracked and maintained inventory rotation and process, fixed assets, usage

analyzes, serialized and non-serialized inventory, inventory reserve for aircraft on

grand (AOG), inventories to support platforms Boeing, Airbus and Canadian

bombardier.

• Assisted Controller and upper management with ad-hoc projects.

Newark Housing Authority. Newark, NJ 2002-2006 Used Bayan

Manager Cost, Inventory & Distribution Center

• Implemented cost containment procedures resulting in saving of over $50,000;

job order costing resulting in savings of over $45,000.

• Established day to day cost accounting support for management, vendors and

annual materials projections and overhead determination.

• Maintained $3.75 million yearly inventory.

• Initiated cycle counts and stock adjustments resulting in inventory variance

reduction of over $45,000 annually and reduced physical inventory to once a year

resulting in savings of over $55,000.

• Established material location system resulting in savings of three hours per day.

• Improved receiving and shipping.

• Implemented vendor deliver scheduling, transactions history and related

materials/inventory aging reports.

• Created requisition process to replenish warehouse stock, purchase order process,

purchase price variance and inventory valuation, inventory reserves and reorder

levels of over 2.000 items.

• Conducted annual physical inventory.

• Implemented purchase order tracking system resulting in saving of $35,000

annually.

• Prepared annual material budget and maintained fixed assets.

• Oversaw year end audit.

Royal Lubricants and Anderol Co. East Hanover, NJ 1999-2002 used

Macola

Senior Cost and Inventory Accountant

• Analyzed standard cost of finished goods and variances for all jobs of 2

manufacturers/distributors.

• Performed daily cost analysis of new products, reviewed bill of materials,

variances, gross and contribution margins, PPV and monthly journal entries of

depreciation, good will, finished goods, cost of goods sold, use and sales tax.

• Examined changed in product design, raw materials and manufacturing methods

to determine effects on costs.

• Reconciled invoices of raw materials, fixed assets, A/P and A/R to G/L,

consignment inventories and invoicing, satellite inventories in USA and overseas.

• Performed month end closing and reconciled bank statements.

• Conducted annual physical inventory and assisted in year-end audit.

• Improved cycle counts, which reduced physical inventory to once a year,

increased accuracy of monthly inventory resulting in savings of $60,000 annually.

• Developed in transit inventory processes resulting in reduction of outside

warehouse write-off’s of $150,000.

• Conducted complete audit of sales and use tax.

• Corrected severe sales tax deficiencies in TX, CA and NC prior to state audits,

saving company up to $100,000.

• Discovered sales tax overcharges resulting in $25,750 in credit issued to

customers.

• Developed production variance, purchase price variance and other reports for

management.

• Reported and interpreted discrepancies directly to upper management.

• Instituted chargeback procedures, recouping $25,000 in overcharges.

• Corrected product item master in computer system.

• Improved communications with manufacturing department resulting in 8 hours

saving per month.

• Improved material usage by product resulting in savings of about 300 hours per

year.

Various Consulting Assignments: IBM and, TRI-Gas. 1997-1999

Bernard Chaus, Inc. Secaucus, NJ 1991-1997 used JD-Edwards.

Manager Cost and Inventory Accountant

• Assumed management responsibility to cost, inventory accounting for apparel

designer, manufacturer, with a staff of 3 accountants and 2 clerks.

• Analyzed standard cost, PPV, including pro forma and FOB invoices, letters of

credit, air, ocean and inland freight, US customs duties, insurance charges,

commission, brokerage fees and other chargeable cost of good sold.

• Reviewed purchase price variance of piece goods.

• Examined invoices for possible charge-backs and prepared mark-up and gross

margin reports.

• Reconciled inventory, int-transit and satellite inventories daily and performed

cycle counts.

• Compiled inventory again report and prepared weekly inventory valuation for

management.

• Conducted annual physical inventory and assisted in year end audit.

Pony Sports & Leisure, Inc. East Rutherford, NJ 1987-1990 used AS 400

Cost and Inventory Accountant

Education: Rutgers University

BS, Accounting 1987

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