Lawrence Velez
*******@*********.***
***** **** ****** *****, *******, TX 77429
PROFESSIONAL PROFILE
Distinguished career is showcased by continual promotions, expanding responsibilities, and a proven track record in delivering strong financial and operational results. In-depth knowledge of engineering, manufacturing. Maintains a strong presence in the factory and/or out in the field to assess situations, resolve problems, and move initiatives forward. Thrive in high-pressure environments and tenaciously do what it takes to get the job done.
CORE COMPETENCIES
Company Management
Leadership & Team Building
P&L and Operations Management
Revenue Growth
Market Insights
Research & Development
General Management
Gross Margin Improvement
Budget Management
Product Development
Quality Assurance Controls
Efficiency Improvement
PROFESSIONAL EXPERIENCE
Bearings Plus (Dover Corporation) Houston, TX
Director
2020 – Present
Brought in to provide visionary leadership for a struggling specialty aftermarket repair company.
Cultivated and strengthened relationships with customers, vendors and internal stakeholders.
Produced two record years in revenue back to back
Negotiated with suppliers to reduce raw material costs.
Redirected sales team to focus on core customers and short lead time jobs, responding to market demands.
Established and tracked key performance indicators to improve focus on non-conforming products and quality escapes.
Key Achievements
Increased operating profit 300% in six months.
Gross margin improvement from 33% to 42%.
Revitalized business plans and realigned company objectives resulting in revenue increase of 43%.
Reduction of scrap and warranty costs of over 50% year over year.
DXP Enterprises, Inc. Houston, TX
Operations Manager
2018 – 2020
Brought in to turn around failing industrial distribution company consisting of seven branches throughout Texas and Louisiana.
Maximized inventory value by exchanging slower moving items with higher turn products as well as re-allocating inventory between branches allowing for transfers between locations without overstocking.
Changed core business model from one of walk in trade to value added customer service focused on managed inventory.
Standardized operating procedures among all branches to maximize operating income.
Joined outside sales with inside sales to form teams to better serve customers as well as increase sales driven order entry.
Key Achievements
Reduced operating expenses resulting in gross profit growth from 22% to 26.5%.
Expanded market share from 30 percent to 45 percent in two years, and increased profit margins by 40 percent.
SUMNER MANUFACTURING CO., INC. Houston, TX
Plant Manager/Engineering Manager
2006 – 2018
Brought on board to eliminate warranty costs on a main product line of this 180 Employee Company that manufactures a range of oil field, welding and construction products.
Managed company operations with responsibility for profit and loss, scheduling, logistics and inventory control.
Travelled to China, sourced material and equipment for the plant, and redesigned several products so they could be manufactured in China and economically transported to Houston.
Established manufacturing standards for all products in the plant. Continually monitor costs and burden rates, and determine standard costs for all products produced.
Monitor the currency exchange rate and current economic conditions to determine the effects on costs of operation.
Directed a $2.5mil expansion of our Houston facility while simultaneously coordinating the relocation of our Chinese operation to a larger facility.
Reduced response time to customers on returned products by restructuring the Returned Goods Authorization procedure.
Key Achievements
Improved gross margin to 45% by coordinating a redesign of the main product line, which eliminated all warranty expense.
Led the development of new product lines that generated $2+ million per year in sales. Generated sales in excess of $4.5 million through introducing on average one new product every three months targeting new markets and growth opportunities.
Improved manufacturing efficiency from 62% to 85% by implementing work cells, improving manufacturing flow via rearranging the plant, and providing greater process documentation and planning; also reduced overtime through proper scheduling and forward planning on manufacturing/materials purchasing.
Reduced response time to customers on returned products by restructuring the Returned Goods Authorization procedure.
LONG REACH MANUFACTURING CO., INC. Houston, TX
Engineering Manager/Manufacturing Manager/Research and Development Manager
2000 – 2006
Fast-track promotion through increasingly responsible R&D, engineering, and manufacturing management positions at this heavy steel fabricator.
Appointed by the President as Manufacturing Manager to guide the consolidation of two plants after the company purchased a competitor.
Determined equipment to be moved from the Portland facility to the Houston facility, and the order in which each product line was moved. Recommended what pieces of equipment were required for the new facility.
Oversaw 275 hourly workers, seven supervisors, five maintenance personnel, two manufacturing engineers, two programmers, and two master routers.
Managed engineering department that was responsible for all new product design and product modifications.
As R&D Manager, directed new product development initiatives and supported manufacturing in increasing manufacturing efficiency and reducing waste thorough troubleshooting problem areas.
Key Achievements
Reduced overtime by $100,000 in the first year, and reduced closed work order variances by over 90% via proper schedule; also reduced manufacturing variances to negligible levels thorough proper budgeting and monitoring.
Increased efficiency and improved product flow by arranging manufacturing operation into focused factories. Developed individual manufacturing cells within the focus factories.
Saved the company over $350,000 a year by leading numerous design changes and improvements.
Expanded plant size by 20% and moved a 168,000 sq. ft. plant from Portland, Oregon, to Houston, Texas and Little Rock, Arkansas.
EDUCATION
PROFESSIONAL ACCOMPLISHMENTS
BS, Mechanical Engineering,
Ohio University, OH
Patents:
5,536,133; D828,706; 10,011,007; 8,517,365; 5,536,133