Supply Chain Management

LARRY OTT

847-***-**** (Home) E-mail: *******@*****.*** 847-***-**** (Cell)

Supply Chain • Procurement • Logistics • Inventory Management Supply Chain professional with experience in building and leading teams within global organizations for Aerospace, Automotive/Truck, and Consumer Products & Technology. Adept in cost optimization, streamlining processes, and building high performing Supply Chain teams. Core Competencies

Commodity Market Analysis

Budgeting/ Performance Metrics

Cost Optimization

Process improvements

Contract Negotiations

Lean /Six Sigma

Inventory/Asset Management

Strategic Sourcing/ Planning

Global Logistics/Warehousing

Supplier Development

Vendor Management

People Development/Mentoring

Employment Summary

MERCURY PRODUCTS – Schaumburg, Illinois (Automotive/Truck) 2013 - present Custom-engineered and manufacturer of high volume low mix stamping and fabricated products serving automotive and Class 6 – 8 truck industries. Manufacturing facilities in Illinois, Colorado, Mexico, Canada and a Procurement office in China.

Executive Vice President Supply Chain

Reporting to the CEO, responsible for aligning core strategies and strategic initiatives with tactical execution toward corporate objectives in areas of Procurement, Inventory Management, and Logistics/Warehousing throughout company manufacturing facilities and sourcing office in China. Develop and manage team with four direct reports and a corporate direct/indirect spend. Selected Accomplishments

Negotiated 2016 corporate wide stainless pricing locking in highly competitive advantage. Net Savings $2.3Mil.

Reduced material costs (stainless steel, carbon steel, and aluminum) by 15% by driving category management strategies and cost reduction programs through supplier negotiations, realignment and corporate consolidation.

Achieved inventory reduction thru safety stock and lead time reductions for two facilities.Net savings thru improved cash flow $1.8 Mil

Centralized procurement process to leverage category spend and control purchasing duplication resulting in a reduced headcount by 10%.

Developed and implemented China sourcing initiatives reducing component and material cost by 25%.

Introduced inventory and Vendor Managed inventory strategies reducing on-hand raw material while pushing inventory up-stream towards supplier - net savings reduction of 30%.

Implemented Global 3rd party logistics solution (Traffic Management System) reducing less than truck- load cost over 10% providing KPI’S (key performance indicators, and lane visibility real-time. GUIDE POINT GLOBAL, US Technicians, New York, NY 2012 - 2013 Supply Chain Advisor / Consultant - Chicago, IL

Provided subject matter expert insight for aerospace, commercial aviation institutional investors, and corporate clients. This included critical insight thru qualitative research and on-demand interaction. Focus: Operations, procurement services (aviation components, MRO), inventory, distribution trends and outsourcing opportunities.

Developed upcoming MRO startup to handle supply chain, logistics and distribution of aircraft maintenance services in seven states serving Northwest Airlines fleet 250 aircraft Net income $15M. LARRY OTT PAGE 2

WMS INDUSTRIES – Waukegan, Illinois 2009 - 2012

A leading gaming slot machine and video lottery terminal manufacturer with sales exceeding $980M.

Executive Director - Supply Chain

Oversight of $330M of direct/ indirect spend. Managed $86M of raw material inventory supporting for sale and asset deployment including product warranty and support. Managed five direct and 10 indirect reports. Responsibilities included:

Development and execution of strategic sourcing initiatives

Aligning category strategies to improve supplier’s performance, and analyze cost drivers to optimize value and improve cash flow.

Develop supplier’s conformance programs with KPI’s for all spend categories including weekly target reports to senior management.

Create and institutionalize policy and managed business units.

Developed and implemented supplier warranty process by monitoring quality of our supplier’s upstream, including reverse logistics of defective components and NCR/DMR process. Selected Accomplishments

Reduced procurement cost by $12M YOY driving category management cost reduction programs through supplier negotiations supply re-alignment and second source opportunities. Increased product sales gross margin to 55%.

Directed and implemented global strategies to support decoupling of domestic fulfillment center. Analyzed and developed consolidation hub options to reduce supply chain cost $3.5M and decrease lead times 20% improving margins by 6%.

Developed sourcing strategies to aggregate IT spend with direct channel partner realizing savings of 45% discount off list. Net savings $2.5M

Introduced expense reduction initiative saving $6M globally leveraging combined volumes of purchases and services in Telecom, IT, HR and MRO.

Reduced truckload cost by 10% moving products to LTL mode developing milk runs to suppliers. Net savings $2.1M

DISTRIBUTION TRANSPORTATION SERVICES – Fort Loramie, Ohio 2008 - 2009 Managed / distributed goods and services for airline and aerospace industries with gross revenues of

$25M.

Senior Supply Chain Manager - OEM & Aerospace

Responsible for the implementation of process improvement initiatives to increase efficiencies by integrating OEM and Aerospace customers.

Designed Supply Chain policy and procedures for Federal Aviation Administration with approved documentation and airworthiness.

Implemented Lean in the supply chain of critical aircraft components repair and teardown to improve efficiency and streamline cost. Net savings $1.2 Mil. Selected Accomplishments

Implemented Kan Bans delivery systems connecting inventory requirements for BF Goodrich Aerospace, Louisville manufacturing facility reducing on-hand inventory requirements by 20%.

Developed and integrated non-core airline support positions in facilities to manage spare parts and disassemble of critical aircraft components. Revenue generation $10M. LARRY OTT PAGE 3

UNITED AIRLINES -Business Services Operations – Elk Grove, Illinois 1989 - 2008 Aircraft purchasing products, services and procurement of a leading air-carrier with gross revenues of

$20B.

Supply Chain Manager - MRO (Maintenance, Repair, & Overhaul) Procurement & Shared Services Reported to Operations Director. Responsible for the development and execution of all supply chain responsibilities of products and services for leading air carrier provider with annual sales of $20B and 98K employees. Managed over 300 SKU’s and $180M in on-board product, supplies and services spend to meet customer demand. Worked cross functionally with multiple department heads in marketing, provisioning and engineering to meet new product launch timelines for new cabin upgrades. Directed and supervised corporate purchasing department of 14 with (buyers, commodity and logistics manager) and direct reports of 4.

• Managed 6 direct supervisors, with 22 service employees, and 41 vendors.

• Division leader supporting 12 manufacturing centers in procurement & distribution of $250M finish goods.

• Managed $500M in component and services procurement spend covering aircraft parts purchasing distribution centers, and provisioning centers.

• Maintained all regulatory guidelines for Federal Aviation Administration, ISO 9001 and OSHA standards.

Selected Accomplishments

• Leveraged $50M MRO spend across 32 stations driving cost out purchases and developed User interface single point for consumables spend globally. Net savings $2.8M.

• Spear-headed strategic sourcing events to consolidate twelve assembly plants worldwide resulting in the elimination of eleven facilities reducing manpower and additional equipment re-purchasing cost and exceeding all divisional cost savings goals. Designed and implemented aircraft safety and reliability programs that provided corrosion protection alternatives Net savings $65M in material process changes.

• Consolidated twelve assembly plants worldwide resulting in the elimination of eleven facilities reducing man-power and additional equipment re-purchasing cost and exceeding all divisional cost savings goals. Net savings $18.5M

• Outsourced non-core support positions and built strategic relationships with vendors to develop and implement an inventory provisioning tool. Reduced over purchasing costs by 20% over a 6-month period. Net savings $1.2M.

• Reduce procurement spend YOY by 25% leveraging innovative and leading edge programs power by the hour and lease buy back alternative.

Education/ Professional Development

DeVry University- Addison, Illinois

B.S. Business Management

Motorola- University, Schaumburg, Illinois Lake Forest Graduate School of Management Certified Six Sigma Green Belt (CSSGB) Coaching and Performance Lewis University- Romeoville, Illinois

A.S. Aviation Technology Management / Licensed (3656060) Computer Software: Oracle/Windows 7/MS Office, Visio U. S. Citizenship

Ability to Travel 35%

Willing to Relocate References Upon Request

Contact this candidate