James F. Goughenour

**** ********* ***** 336-***-**** cell

Greensboro, NC 27455 ad2yu0@r.postjobfree.com

CFO, Accountant, CIO, Project Manager, Supply Chain Director, Scrum Master, and Lean Six Sigma Black Belt

Seasoned leader in strategy, accounting, finance, supply chain, distribution, customer service, fleet management, procurement, IT, Lean process improvements, and project management. Superior results in developing, driving and managing high-performance business practices, processes and systems. Have solid record of developing people and managing them in a collaborative manner for results. Problem solver. Analytical, thoughtful, articulate, and good communicator, verbally and in writing.

Results achieved

Office Furniture Design and Distributor Startup. Selected and implemented the Acumatica business system. Chief accountant and CFO. Strategy counselor. CIO

Chief Accountant and CFO for High-end Furniture Manufacturing Company (San Francisco CA) – Engaged to turnaround the accounting and financial function. Uncovered then CFO looting the company. Recovered the stolen funds through insurance company. Resolved California sales tax screwups by then CFO. Raised working capital funds from various financial sources. Created innovative showroom inventory funding program, and raised the funds to execute successfully

Lean consultant for Oil and Gas Services Company. Streamlined critical processes to prevent loss of market share of Rhino product for drilling rigs. Reduced DSOs by 35% - $135 million cash generated. Reduced inventories by 28% - $90 million cash generated. Accelerated on-boarding of new hires by 45% to support business growth. Developed global Demand Planning process involving operations in 70 countries. Led project in Brazil to eliminate dock fees for holding mineral oil bladders costing $3 million per year. Cause was inventory system’s reordering logic; changed the programming to fix the EOQ formula.

International Consulting Business (180 consultants worldwide). Designed and developed strategy and internal business system for scheduling and tracking global customers, sites, consulting engagements, consultants, contracts, billings. Served as Lean and IT consultant to many different clients.

U.S. Air Force Division of Scientific Research – engaged to resolve IT issues between IT function and the scientists and Air Force officers

Window and Door Manufacturer – Thought leader and designer of solution to reduce lead times and inventories, and increase order shipment fulfillment variety from low 30%’s to high 90%’s.

U. S. Army Corps of Engineers – engaged to develop aggressive operating plan to upgrade 11,000 pc’s in an accelerated time frame.

Private-equity-owned latex manufacturer - Guided the development and implementation of a business plan for a private-equity company-owned, multi-site manufacturing business. Improve EBIT by 75%. Increased valuation by 60% resulting in improved sale-viability of the company. Led implementation of internal financial control system to substantially upgrade existing financial reporting, controls, compliance and continuous improvement

Engineering and custom-metal-fabrication manufacturer. Guided the development of an output increase in the same production capacity for a high-pressure, human-occupied deep-sea vessel production. 200% increase in output utilizing same production space, equipment and administrative support, with the addition of labor and materials. Guided contract cost over-run process improvement initiatives resulting in a complete reversal of EBIT to positive earnings for the first time in 2 quarters

Chief Strategy and Technology Officer, Sealy Mattress Company. Technology accountability was Information technology and manufacturing technology. Recruited by CEO to resolve $40 million Y2K business system project that was out of control. Resolved at savings of $25 million and sailed through Y2K without a glitch for 25 bedding plants in US, Canada, Mexico. Guided acquisitions in Italy and Argentina. Developed new mattress-border making technology to reduce border manufacturing costs by 40%. Initiated Lean Manufacturing effort to improve manufacturing productivity by 35% in 3-plant components operation, reduced inventories by 25%, reduced production floor space in pilot bedding plant by 50% square feet to expand business without additional investment in infrastructure.

Vice President, Customer Service, Distribution, Procurement, Fleet, Information Technology; also CFO and VP of Administration for office furniture manufacturer. Designed and implemented order processing system that increased Complete and OnTime shipment performance from low 20% to 99+%. Increased finished goods inventory turns from 8x to 22x. Reduced Accounting function costs of sale from 1.4% to 0.8%. Reduced Customer Service and Distribution cost of sale by 45%. Company had 17 plants and 40+ assembly lines in 9 states. Conceived and led the implementation of several initiatives that reduced customer lead times from 16 weeks to 10 business days. Conceived, designed and implemented processes and technology to eliminate shipping errors to customers.

Acquired office furniture business. CEO of corporation assigned me to go diagnose and fix perceived “purchasing problem.” Company manufactured office cubicle panels, which had chrome bars on three sides. They were missing deliveries to customers because of insufficient inventory of proper-size chrome bars on factory floor, despite the fact they had pallet after pallet of chrome bars. The problem was the inventory planning and procurement process used an invalid order-quantity/reorder point model. Designed and developed novel process and system to examine orders, compute the exact number and sizes of chrome bars needed for each delivery day’s needs, and then ordered the exact number of specific bars needed. Net result of six week project was lead times were reduced to 5 business days from 20 business days, and complete-and-on-time shipments zoomed to 99+% from 50%. New process also reduced raw material and WIP inventories by 75%, and reduced chroming vendors to one from three, with high COT performance by remaining vendor.

Education. MBA, Xavier University, Cincinnati, OH. BSBA, Accounting, Franklin University, Columbus. OH

Certifications. Scrum Master, Scrum Product Owner, Lean Six Sigma Black Belt, ITIL (Information Technology Infrastructure Library), DP Professional CDP

Military. US Marine Corps and US Air Force

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