Experience

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  University of South Africa

  • Member of the Board of Advisors

    • May 2024 - Present

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  Parry, Murphy and Associates - Vendor Price Reduction Specialists

  • President

    • Jan 2006 - Present

    Sellers generally quote the price that they want.....not the price they will accept. How do you know that your firm is getting the best price from its suppliers? Our unique process, that works in any industry and anywhere in the world, guarantees that you will get better pricing, mainly from your existing suppliers, otherwise we do not earn a fee. Some of the savings we have been able to help clients obtain include:- Waste Disposal - up to 85%- Raw material pricing - up to 40%- Fasteners - up to 35%- Capital Equipment - up to 33%- Temporary labor rates - up to 33%- Freight - up to 30%- Software licensing - up to 50%, - Packaging supplies - up to 15%- Printing Costs - up to 15%- Building leases - up to 10%, 3 years prior to expiration, with no extensionAll of the above reductions were price related with no change in quality, service or specifications. Nearly all were obtained from existing suppliers, often with improvements in terms, warranties and credit limits.Does your company spend a significant amount on temporary labor? Are you aware that almost all temporary labor providers have a flaw in their pricing structure that results in their clients paying significantly too much for their temporary labor needs?To learn if your temporary labor providers have a flaw in their billing rates, you can request a free assessment at www.parrymurphy.biz

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  Durr, Inc

  • Plymouth Michigan

  • President and CFO and only US based member of the Board of Directors

    • Sep 1997 - Dec 2005
    • Plymouth Michigan

    Chairman of the Board of Directors:Durr Robotics, Inc.Durr Sigma Systems, Inc.Durr AIS, Inc.Member of the Board of Directors:Durr, Inc.Durr Industries, Inc.Durr (Canada), IncBehr Systems, Inc.Durr Environmental, Inc.Acco Systems, Inc.Durr Ecoclean, Inc.Durr Automation, Inc.Henry Filters, Inc.H.R. Black, Inc.In 1997 Durr asked me to come back as they were about to embark on a significant acquisition run and the President of the US parent company, Durr Inc (who I followed from South Africa in 1985) was going to retire in 1999. In about two years we acquired 15 companies and by the time I left in 2005, annual sales were in excess of $1 billion, with very substantial profits and healthy positive cash flow.

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  Parry and Associates - Turnaround Specialists.

  • President

    • Nov 1988 - Sep 1997

    Turnaround and Management Consulting.During 9 years of operating, Parry and Associates had the distinct achievement of not having any clients that filed for bankruptcy.

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  Durr Industries, Inc.

  • Plymouth, Michigan USA

  • VP - CFO

    • Apr 1985 - Oct 1988
    • Plymouth, Michigan USA

    At this time Durr Industries, Inc. was the only Durr entity in North America. In 1984 Durr industries suffered some major losses that was threatening the entire world wide group. The President of Durr South Africa (Pty) Ltd was transferred to the USA to turn the ship around. He brought his own team with him, of which I was one. When I arrived in April 1985 the bank borrowings were $23 million, the line of credit was only $20 million and the projection over the next few months was showing a negative $26 million in borrowings. The projected loss for 1985 was $3 million. Total revenue at the time was about $100 million.1985 ended up with a $2 million profit and in the 51st week after arriving in April 1985, all bank debt was paid off. This was achieved solely through improved operating and cash management efficiencies.

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  Durr South Africa (Pty) Ltd

  • Johannesburg, South Africa

  • Financial Director (CFO) and member of the Board of Directors

    • Nov 1982 - Apr 1985
    • Johannesburg, South Africa

    I was hired the day after I was interviewed by the German Chairman of the Board. The company had been operating for 10 years in South Africa and had never made a profit. A few months before I was hired, the company brought in a new Managing Director (President) who hired a new team of which I was a part of. In 1983 and 1984 Durr South Africa (Pty) Ltd had the best of the measured world wide performance indices in most categories.

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  Ferrovorm - Industrial Foundry

  • Alberton, South Africa

  • Financial Director - CFO

    • May 1982 - Nov 1982
    • Alberton, South Africa

    Steel foundry for the military, automotive and industrial markets. Ferrovorm had gone into bankruptcy and the government had taken over the business due to their strategic importance. Murray and Roberts (a construction conglomerate) purchased Ferrovorm as part of their diversification strategy. I was hired by Ferrovorm after the Murray and Roberts acquisition. I played a leading role in quickly returning the company to profitability and within 3 months, the cash flow (cash was cleared on a daily basis to Murray and Roberts) generated back to Murray and Roberts exceed the purchase price that they had paid to acquire Ferrovorm.

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  Festive Farms (Pty) Ltd

  • Olifantsfontein, South Africa

  • CFO

    • May 1977 - May 1982
    • Olifantsfontein, South Africa

    Festive Farms (Pty) Ltd was part of Imperial Cold Storage Supply Company (ICS). As CFO I initiated a strategy that resulted in an already very profitable company quadrupling its profits.

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  Alex Aiken and Carter (now part of KPMG)

  • Welkom and Johannesburg, South Africa

  • Articled Clerk and Audit Manager

    • Jan 1972 - May 1977
    • Welkom and Johannesburg, South Africa

    Served my 5 years of articles in the Welkom office and then moved to Johannesburg.By the time I finished my articles I was the audit manager, reporting to the audit partner, for 2 of the largest gold mines in the world, a large savings and loan institution, the largest casino, including hotel, in Southern Africa, large manufacturers, a large hospital and many others

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  South African Air Force

  • Airman

    • Jan 1971 - Dec 1971

    Completed my 12 month compulsory military service in the SAAF. Was a witness to the 3 Hawker Siddeley SAAF jets that unfortunately crashed into Devil's Peak in Cape Town on May 26, 1971, with the tragic loss of all on board. RIP