Shay Reid
Chief Operating Officer at FFF Enterprises- Claim this Profile
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Bio
Experience
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FFF Enterprises
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United States
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Pharmaceutical Manufacturing
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700 & Above Employee
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Chief Operating Officer
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Jul 2019 - Present
Temecula, CA
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SVP Supply Chain & Operations Strategy
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Feb 2018 - Jul 2019
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enVista
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United States
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Business Consulting and Services
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400 - 500 Employee
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Vice President
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Jan 2016 - Jan 2018
Dallas/Fort Worth Area Oversee 2 business units with a $3M annual budget. Responsible for strategic planning, organizational development, process improvement, performance optimization, budgeting, forecasting, and P&L. Manage 10 FTEs. ✭ Developed operations practice; grew annual revenue from $0 to $3.5M over 12 months. ✭ Authored standard sales proposals; improved conversion rate from 30% to 80% in 6 months. ✭ Revamped standard project methodology; accelerated consulting service delivery by 20%. ✭… Show more Oversee 2 business units with a $3M annual budget. Responsible for strategic planning, organizational development, process improvement, performance optimization, budgeting, forecasting, and P&L. Manage 10 FTEs. ✭ Developed operations practice; grew annual revenue from $0 to $3.5M over 12 months. ✭ Authored standard sales proposals; improved conversion rate from 30% to 80% in 6 months. ✭ Revamped standard project methodology; accelerated consulting service delivery by 20%. ✭ Prospected 40 target clients and secured 28 accounts in 18 months; netted $5.4M revenue. ✭ Peer nominated as executive sponsor for corporate-wide standardization initiative Show less
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Remedi SeniorCare Pharmacy
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United States
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Pharmaceutical Manufacturing
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400 - 500 Employee
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President
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Oct 2012 - Jan 2015
Baltimore, Maryland Area Oversaw 6 pharmacies serving 275 LTC facilities and 32K beds. Responsible for strategic planning, operations management, sales enablement, account management, financial management, technology integration, and P&L. ✭ Pioneered operational and IT excellence; retained 4 high-risk clients, avoided $40M loss. ✭ Analyzed and streamlined P&L to link activity and cost; eliminated $800K in costs in 2 months. ✭ Engineered organizational KPIs; improved pharmacy operating efficiency by 25%… Show more Oversaw 6 pharmacies serving 275 LTC facilities and 32K beds. Responsible for strategic planning, operations management, sales enablement, account management, financial management, technology integration, and P&L. ✭ Pioneered operational and IT excellence; retained 4 high-risk clients, avoided $40M loss. ✭ Analyzed and streamlined P&L to link activity and cost; eliminated $800K in costs in 2 months. ✭ Engineered organizational KPIs; improved pharmacy operating efficiency by 25% over 12 mos. ✭ Optimized organizational efficiency; grew patient volume by 20%, revenue by 30% over 2 years. ✭ Championed client collaboration initiative; decreased stat delivery expense by $1.5M annually. ✭ Implemented profitability improvement plan; improved EBITDA by 194% over 12 months. ✭ Revamped sales onboarding cycle; reduced client training time from 3 months to 4 weeks. ✭ Launched Lean/Six-Sigma program and oversaw 30 projects; achieved $2M annual cost savings. ✭ Negotiated bad debt accounts; reduced past due receivables from $2.2M to $200K in 3 months. ✭ Planned and executed CEO transition; identified $6M in annual EBITDA gaps for 1st year agenda. ✭ Initiated organizational change management initiative across sales, HR and C-Suite. Show less
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AmerisourceBergen
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United States
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Hospitals and Health Care
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700 & Above Employee
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VP Operations
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Apr 2002 - Oct 2012
Oversaw 38 DCs across U.S. and Canada. Responsible for strategic planning, service development, distribution, facility design, labor management, transportation, client, vendor, and government relations. Managed 52 FTEs. ✭ Spearheaded network consolidation; reduced 52 DCs to 28 over 7 years, saving $450M annually. ✭ Revitalized underperforming greenfield project; avoided disruption of $450M in earnings. ✭ Created standard facility build tools; reduced consulting cost from $20M to $0… Show more Oversaw 38 DCs across U.S. and Canada. Responsible for strategic planning, service development, distribution, facility design, labor management, transportation, client, vendor, and government relations. Managed 52 FTEs. ✭ Spearheaded network consolidation; reduced 52 DCs to 28 over 7 years, saving $450M annually. ✭ Revitalized underperforming greenfield project; avoided disruption of $450M in earnings. ✭ Created standard facility build tools; reduced consulting cost from $20M to $0 in 6 months. ✭ Launched 1st large scale drug pedigree system; captured $6.5M revenue, with 80% margin. ✭ Facilitated Lean/Six-Sigma workshops; reduced resources by 30%, grew capacity by 100%. ✭ Segmented and differentiated client services; grew revenue by 70% ($50B) over 5 years. ✭ Assembled next generation operating systems; achieved $22M cost savings per year. ✭ Developed innovative contract delivery system; enabled annual cost savings of $8M. ✭ Cultivated relationships and influenced federal legislation; preserved $50M in assets. ✭ Formalized new supplier service model; grew revenue by $45M with 30% gross margin. ✭ Architected automated central fill pharmacy; grew revenue by $30M with 12% net margin. ✭ Authored customer acquisition strategy; facilitated acquisition of 10-year $30B account. Show less
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Sedlak Supply Chain Consultants
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United States
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Transportation, Logistics, Supply Chain and Storage
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1 - 100 Employee
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Consultant
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1999 - 2002
Performed supply chain network and operations analyses for companies in mass merchant and fashion retail, Internet sales fulfillment and pharmaceutical distribution while developing innovative computer model that analyzed core business data from multiple industries to output distribution center and operations design criteria.
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Avery Dennison
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United States
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Packaging and Containers Manufacturing
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700 & Above Employee
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Operations Manager
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1995 - 1999
Operations Manager – 1998 to 2000 Directed award winning team of eight direct reports and 30 leads who coordinated 500 full time and up to 600 temporary employees in a highly automated manufacturing and warehousing plant that operated 24/7 during peak season that was chosen as the Avery Dennison Plant of the Year in 1999. Lean Manufacturing Program Manager – 1997 to 1998 Pioneered Avery Dennison’s beta implementation of Lean Manufacturing that saved the Meridian, MS plant $3.6… Show more Operations Manager – 1998 to 2000 Directed award winning team of eight direct reports and 30 leads who coordinated 500 full time and up to 600 temporary employees in a highly automated manufacturing and warehousing plant that operated 24/7 during peak season that was chosen as the Avery Dennison Plant of the Year in 1999. Lean Manufacturing Program Manager – 1997 to 1998 Pioneered Avery Dennison’s beta implementation of Lean Manufacturing that saved the Meridian, MS plant $3.6 million in operating cost, cut average manufacturing processing time from 3 days to less than 24 hours, and reduced plant wide defects by 65%; all realized in the implementation year. Manufacturing Engineer – 1996 to 1997 Developed manufacturing processes and redesigned high-speed automated machinery to produce the industry’s first scratch free sheet protector. Show less
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Distribution Center Manager
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1992 - 1996
Distribution Center Manager – 1995 to 1996 Managed start-up, consolidation and operations activities of Sunbeam-Oster’s first automated distribution center of 150 full time employees. Project Manager – 1993 to 1995 Directed all aspects of building construction, equipment procurement, equipment and systems integration, staffing and operations start-up of automated $18M distribution center delivered one month ahead of schedule and $1.5 M under budget. Industrial Engineering… Show more Distribution Center Manager – 1995 to 1996 Managed start-up, consolidation and operations activities of Sunbeam-Oster’s first automated distribution center of 150 full time employees. Project Manager – 1993 to 1995 Directed all aspects of building construction, equipment procurement, equipment and systems integration, staffing and operations start-up of automated $18M distribution center delivered one month ahead of schedule and $1.5 M under budget. Industrial Engineering Supervisor - 1992 to 1993 Redesigned and line balanced bathroom scale manufacturing processes and electric blanket manufacturing processes that resulted in a complete re-layout of two manufacturing plants. Show less
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Education
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IE / MBA / Lean Six Sigma Black Belt
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Mississippi State University
BS, Industrial Engineering -
Western Governors University
MBA, Healthcare Management