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Representative
Activities |
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President/General
Manager of newly acquired rubber molding company that
had a long history of financial losses, labor problems
and quality issues. |
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Over
18 month period, restructured operations, and returned
business to profitability including: Obtained Asset
Based lines of credit to fund operations. Drastically
reduced costs through operations improvements, labor
and supply chain cost reductions. Implemented ISO-9002
and QS-9000 Quality Systems (ISO was implemented in
4 months). Recruited Nation-Wide Sales Rep Network
and implemented comprehensive industrial marketing
programs including sales literature, registry, catalogue
listings and Web page. Sold numerous new projects
for tooling and molded parts including a major new
customer to add 30% to sales volumes-included PPAP,
QS-9000 quality standards. Renegotiated very favorable
five-year labor contract. |
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On
recommendation from company's lender, became General
Manager and Senior Advisor of a major multi-plant
glass fabrication company with a history of financial
under performance, severe labor problems and operational
difficulties. |
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Phase-I.
Over a 10 month period made significant improvements
in operations and processes, solved labor shortage
problems by utilizing non-standard labor sourcing
techniques, implemented CAD design and layout capabilities
to streamline job set-up, implemented a complete marketing
literature package with special customer oriented
promotions, and developed full product line costing
capabilities for pricing/profitability management.
Phase-II. Shut
down and relocated all manufacturing facilities into
a new consolidated operation in a much larger leased
facility closer to the company’s markets. |
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Operations
in new facility included new high-speed glass CNC
machining capabilities that reduced manufacturing
labor content by over 50%, a free-standing quality
department and a “critical mass size” capable of attracting
and supporting vastly upgraded labor and management
personnel.
Significantly upgraded Company Sales and Marketing
Department capabilities through new hires, new products
and an expanded sales force.
Also implemented vastly improved systems of management
including standard costing, product line profitability
reporting and a comprehensive actual versus budget
P&L, Cash Flow and Balance Sheet for management
and lender use.
Also included expanded use of imported glass products
into product line to lower costs and broaden product
lines.
Company is now achieving materially improved and consistently
profitable operations. |
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Engaged
as Senior Advisor by a Financial Holding Company to
review several portfolio companies that had experienced
serious oversight and management difficulties. Reviews
included company operations, financial performance,
systems of management, business viability and dealt
heavily with fund oversight, reporting and management
issues. |
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President/CEO/Chairman
of a multi company, multi-plant North American equipment
manufacturer (Sales in excess of $125 mln.) facing
drastic cyclical declines in its served markets. |
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Over
a two year period, closed one plant, acquired and
implemented a major product line to return a second
plant to profitability, placed a third business in
Chapter 11/7 and subsequently liquidated it. Company
that was returned to profitability was subsequently
sold at a profit. |
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| | | W.C. Bultman & Co. | | P.O. Box
962 | | Fishers IN,
46038-0962 | | | | T:
908-451-3712 | | F:
317-219-5531 | | | | Email: bbult@aol.com |

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