vmg consulting, llc david m. vernon director indiana university scoop january 24, 2006
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VMG Consulting, LLC David M. Vernon Director Indiana University SCOOP January 24, 2006. VMG Consulting, LLC O: (312) 836-1155 F: (312) 836-1295 One IBM Plaza 330 N. Wabash Ave. Suite 3400 Chicago, IL 60611. David M. Vernon – Director. - PowerPoint PPT PresentationTRANSCRIPT
VMG Consulting, LLC
David M. VernonDirector
Indiana University SCOOPJanuary 24, 2006
VMG Consulting, LLCO: (312) 836-1155F: (312) 836-1295One IBM Plaza330 N. Wabash Ave.Suite 3400Chicago, IL 60611
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David M. Vernon – Director
• Earned Bachelor of Arts degree in Economics from Indiana University in 1997
• Led engagements targeting value enhancement in raw materials, manufacturing components, finished products, and corporate/value-added services
• Managed sourcing projects for clients facilities in North America, South America, Europe, Asia, and Africa
• Focused on international manufacturing and private equity portfolios
• Worked previously as a supply chain manager at Gibson & Associates, Alaris Consulting, and Eli Lilly and Company
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VMG Consulting Background
• Over 25 years in operational consulting focused on supply chain execution
– Strategic sourcing
– Low-cost country sourcing
– Logistics optimization
– Lean manufacturing
– Skill-based training
• Over 300 years of combined experience in the partner group
• Clientele ranging from $50 Million to $10 Billion + in sales
• Prompt results with a long term strategic approach
• Implementation-focused – committed until savings are delivered
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Operational Consulting: Eclectic Client Base$65MM
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Strategic Sourcing
• Leverage supplier base
• Obtain global market benchmark intelligence
• Realize annualized, quantifiable savings
• Reduce ongoing hidden operational costs
• Streamline processes to improve efficiency
• Support the implementation process
Increase client productivity by enhancing core assets,
improving business processes and building strategic relationships.
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Step 1Diagnostic
Review
Timeline
The Strategic Sourcing approach consists of the following Process Steps…
6 – 10 Month
Step 2
ConductSupplier Research
Step 3
Develop Supplier Profile
Step 4
Web-Cast / Supplier Communication
Step 5
Profile Analysis and/or Auction
Step 6
Supplier Negotiations
Step 7
Supplier Site Visits
Step 8
Final Selection
Steps for Strategic Sourcing Process
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Low - Cost Country Sourcing
• Provide all-inclusive approach
• Develop international procurement strategies
• Aid in implementation
• Work with local suppliers to eliminate surprises
• Identify areas for significant cost savings
• Ensure a streamlined and successful process
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Transportation and Logistics
• Analyze current strategies to discover weak points
• Realize significant savings in shipping and freight
• Differentiate market leaders by streamlining shipping process
• Optimize mode and distribution methods
• Identify low cost and high quality providers
• Gain a competitive edge by partnering with suppliers abroad
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Training• Executive training
– Build critical skills, create sustainable results – Introduce clients to methodology
• New hire training– Facilitate immersion training by creating real-world scenarios– Encourage strong, positive relationships among colleagues
• Career training– Allow consultants to become qualified instructors– Maintain and improve company-wide skill sets
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Consultant (Associate) Position
• Begin a career in a fast-paced industry
• Experience a variety of industries
• Earn a very competitive salary
• Manage data used in strategic analysis
• Generate savings figures and reports
• Research potential suppliers
• Gain expertise in a given commodity area
• Bridge the communication gap between clients and suppliers
• Facilitate commodity teams
• Work together with top management of client and suppliers
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Skills and Qualifications
• Bachelors in a business discipline
• Advanced analytical and quantitative skills
• Strong interpersonal and communications skills (verbal and written)
• Highly proficient computer skills (knowledge of databases is recommended)
• Research and problem solving skills
• Team-oriented
• Leadership ability or capability
• Willingness to travel 80 – 100% of the time
• Creativity, imagination, motivation, professionalism, and self-confidence
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Consulting Lifestyle
• Common Obstacles
– Travel away from “home base” each week
– Act in an unpredictable environment with a fluctuating schedule
– Work long hours to complete tasks during peak times
– Take ownership of possibly very ambiguous tasks
• Significant Advantages
– Work in several industries on a wide variety of stimulating tasks
– Interact in a young, fast-paced environment
– Realize perks associated with the travel schedule
– Gain the opportunity to travel internationally and to be exposed to unique business practices
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Typical Career Path
Associate
2-3 YearsIn Position
Senior
3-4 Years
In Position
Partner
Life TimeManager
5-8 Years
In Position
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Indiana University Recruiting Schedule
• Spring 2006 Recruiting Schedule (On-Campus)
– Roundtables Informational Sessions
January 24th – Finance and Accounting
January 25th – Marketing and Management
January 26th – Operations Management and ODT
– Interviews by Invitation Only (Summer 2006 Positions)
• Fall 2006 Recruiting Schedule (On-Campus)
– Full-time (Aug 2007) & Internship Positions (Jun – Aug 2007)
October 16th – Full-time First Round Interviews
October 17th – Internship First Round Interviews
October 18th and 19th – Second Round Interviews
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Contact Us
Please feel free to contact us if you have any questions regarding career opportunities.
We would be happy to hear from you.
Mailing Address:One IBM Plaza330 North Wabash AvenueSuite 3400Chicago, IL 60611
Phone:General: (312) 836-1155David Vernon: (312) 821-4519
Email:[email protected]@vmgconsulting.com