About
Allen Pratt is a senior executive with over 30 years of management experience providing…
Articles by Allen
Activity
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A special shout out to all colleagues and volunteering members behind the Chamber of Engineers and many other VOs working within society!…
A special shout out to all colleagues and volunteering members behind the Chamber of Engineers and many other VOs working within society!…
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Engineering is also driving more sustainability into our traditions and cultural activities such as the Maltese Village Festa, which is inscribed…
Engineering is also driving more sustainability into our traditions and cultural activities such as the Maltese Village Festa, which is inscribed…
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Last few days to RSVP for The Engineering Christmas Gathering 2024: https://lnkd.in/es-FdbJT #engineering #profession #students #social #events
Last few days to RSVP for The Engineering Christmas Gathering 2024: https://lnkd.in/es-FdbJT #engineering #profession #students #social #events
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Experience
Education
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University of Iowa - Henry B. Tippie College of Business
Activities and Societies: Iowa Hawkeye Athletic Department tutor and Small Business Development Center consultant
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Activities and Societies: Alpha Kappa Psi
Licenses & Certifications
Volunteer Experience
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Religious Education Instructor
St. Cyril and St. Methodius Catholic Parish
- Present 2 years 4 months
Education
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Board Of Directors
Turnaround Management Association
Economic Empowerment
The Turnaround Management Association (TMA) is the most professionally diverse organization in the corporate restructuring and renewal, and corporate health space. Established in 1988, TMA has nearly 10,000 members in 52 chapters worldwide, including 32 North American chapters. Members include turnaround practitioners, attorneys, accountants, advisors, liquidators, consultants, as well as academic, government employees, and members of the judiciary.
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Certification Committee Co-Chair
Turnaround Management Association
- 6 years
Economic Empowerment
The Certified Turnaround Professional (CTP) is intended for seasoned practitioners. CTPs:
• Have a proven track record and years of experience in working with companies or large business units that are in financial crisis
• Must be or must have held positions such as, but not limited to, Chief Restructuring Officer, Turnaround Team Leader, or Interim Manager
• Must demonstrate knowledge in the legal, financial, and management aspects of a turnaround. -
President
Conquest Lemont Father/Son Club
- 13 years
Children
Conquest is a national network of leadership programs, clubs, and camps for boys and young men 5 - 16 years of age. Conquest trains boys to become self-disciplined and confident young men, Catholic leaders who posses moral integrity and are committed to improving the communities in which they live. I'm in my second term as club president.
Publications
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5 Steps to Continuous Improvement (Step #5)
FGMK LLC
Over the next 20 years, I have practiced this improvement process with positive results at different companies; large and small, domestic and international, serving various industry segments for sales and operations issues. The key benefit for me was finding a process of ongoing improvement that could be applied in most situations and provided a focus to help me and the organization do what’s right for the business at the right time.
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5 Steps to Continuous Improvement (Step #4)
FGMK LLC
Step #4: Elevate the performance of the bottleneck. In many cases, when the organization reaches this step the constraint is overcome. But if the constraint remains, now is when the organization can bring additional resources to the constraint.
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5 Steps to Continuous Improvement (Step #3)
FGMK LLC
Step #3: Subordinate and Synchronize Everything Else to the Above Decisions
This step is often overlooked or undervalued. The rest of the organization must participate in the improvement process. Management must ensure each part of the organization contributes to the solution. -
5 Steps to Continuous Improvement (Step #2)
FGMK LLC
Step #2: Decide How to Exploit the Bottleneck Constraint. Exploit means to maximize output. At this stage in the process of ongoing improvement, determine how to squeeze the most effectiveness from the constraint. At this point, it’s too early to spend money to break the constraint. Don’t spend money to solve the bottleneck yet since other more cost-effective measures have not been exhausted yet.
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TMA Chicago Chapter Elects Three FGMK Professionals to Co-Chair and Director Roles for 2016
FGMK LLC
FGMK Director Allen Pratt was selected as co-chair of the TMA Chicago/Midwest’s Certification committee.
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Performance Improvement – A Five-Step Process Begins with the Bottleneck
FGMK LLC
Productive and effective operating systems within your business contribute to bottom-line results and financial success for the company. A firm’s financial results are constrained by the limiting bottlenecks. Anything that restricts the flow of productive work threatens profitability. Therefore, identifying and managing bottlenecks is key to business sustainability.
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5 Steps to Continuous Improvement
Kindle Direct
Eliyahu Goldratt has described a five step improvement process based on the premise that each profit-seeking organization is driven by the goal to make more money “now and in the future”. Different companies will define this goal using their own industry jargon. Effective company management will make increasing bottom-line net earnings one of a few primary goals for the company.
Read an account of how one process improvement professional applied this 5 step continuous improvement…Eliyahu Goldratt has described a five step improvement process based on the premise that each profit-seeking organization is driven by the goal to make more money “now and in the future”. Different companies will define this goal using their own industry jargon. Effective company management will make increasing bottom-line net earnings one of a few primary goals for the company.
Read an account of how one process improvement professional applied this 5 step continuous improvement process for breakthrough results. See how this same process can work for your organization.
Courses
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Accounting & Finance CTP Body of Knowledge - Turnaround Management Association
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Consumer Behavior - Teikyo Marycrest University
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Law CTP Body of Knowledge - Turnaround Management Association
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Management CTP Body of Knowledge - Turnaround Management Association
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New Products Management - Teikyo Marycrest University
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Quality: The Basic Tool Kit. ASQ Illiana Section #1213 at Calumet College, St. Joseph (American Society of Quality)
Process Analysis 102
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Sales Force Management - Teikyo Marycrest University
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Strategic Management - Teikyo Marycrest University
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The Management and Control of Quality - Teikyo Marycrest University
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Projects
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One America, Sr. Program Manager
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Rocky Mountain Foods, CRO
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Beaver-Visitec International, Lead Consultant
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Medical Device client was experiencing more than $3 million in past due customer orders, high product quality defects, and delays getting their products from Mexico through US Customs, FDA approval, and outsourced sterilization to their US distribution center. Delivered 80% bottleneck throughput yield improvements, 75% outbound logistics time reduction, and 70% quality defects improvements.
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Eilers Machine and Welding. CEO
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Fabricated Metal Products company was found using non-approved materials leading to an 89% loss of government contracts. Turned negative cash flow to 10% profit by implementing operational effectiveness program and doubling the new business pipeline. Established quality credentials with ISO 9001:2008 registration and penetrated new market channels.
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Fluence Automation. Senior Consultant
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Equipment manufacturer seeking operational excellence strategies in an engineered to order environment. Implement Infor ERP system utilization to second plant.
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IFSCO Industries. Senior Consultant
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Chicago distributor experiencing P&L leakage. Introduced e-Commerce solution and increased revenues to increase profitability.
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International Seafoods of Alaska. Senior Consultant
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Seafood Processor client needed financial analysis calculating actual product costs and understanding why operations were not profitable. Identified product cost improvement and profit contribution strategies leading to increased profitability.
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Little River Healthcare. Senior Consultant
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Rural Texas healthcare company experiencing financial difficulty. Prepare for a structured wind-down.
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Patterson Companies, Senior Consultant. MDSAP quality systems upgrade
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Fortune 500 company adopting medical device quality systems upgrade. Ensured proper QMS enhancement.
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Quantum Foods Inc. Senior Consultant
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Food Processor retail division not generating sufficient profits. Developed, implemented initiatives leading to retail division 28% revenues increase following marketing and operational improvements. Evaluated strategic partnership with leading Canadian franchiser.
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Se-Kure Domes and Mirrors. COO, Senior Consultant
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Warehouse Products company signed a sole-source contract with major distributor doubling new business but leading to significant past due deliveries. Developed turnaround plan and launched processes to create positive cash flow within the current operating company.
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Seidel Diesel Group. Senior Consultant
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Automotive Components Re-manufacturer facing annual operating losses. Sales increased 25% and net income improved to 10% profit to sales ratio compared to declining profits in prior year by 80/20 customer and product focus, 23% technician productivity improvements, and 12% inventory reduction.
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ShopperTrak (Johnson Controls). Senior ERP Project Manager
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Fortune 500 firm upgrading their ERP system to the latest cloud-based solution.
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The Entrepreneurial Institute
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CHICAGO FOCUSED BREAKFAST SERIES: Riding the Tidal Wave of a Robust Economy: Are you Prepared? March 22, 2018
A tidal wave of business can be good or not based on the human capital, processes, tools and culture that are in place. Failure can come easily if a business cannot scale to meet demand and keep the service level consistent. This program will offer insights that will help you prepare as the economy continues to heat up. Participating member as manufacturing improvement subject…CHICAGO FOCUSED BREAKFAST SERIES: Riding the Tidal Wave of a Robust Economy: Are you Prepared? March 22, 2018
A tidal wave of business can be good or not based on the human capital, processes, tools and culture that are in place. Failure can come easily if a business cannot scale to meet demand and keep the service level consistent. This program will offer insights that will help you prepare as the economy continues to heat up. Participating member as manufacturing improvement subject matter expert. -
Worth Steel and Machine. Senior Consultant
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Steel components company experiencing declining revenue and negative cash flows. Implemented workforce productivity metrics and sales growth initiatives leading to improved profitability.
Honors & Awards
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CIRM Certified Integrated Resource Management
American Production and Inventory Control Society
Certified in Integrated Resource Management (CIRM) education integrates an understanding of organizational resources such as information technology, materials, human resources, production and supporting equipment, facilities, and capital to meet the goals of an organization. CIRM's gain an understanding of all the functions within a company.
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CPIM Certified Production & Inventory Control Management
American Production & Inventory Control Society
APICS CPIM designees learn essential terminology, concepts, and strategies related to demand management, procurement and supplier planning, material requirements planning, capacity requirements planning, sales and operations planning, master scheduling, performance measurements, supplier relationships, quality control, and continuous improvement.
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Certified Scrum Master
Scrum Alliance
Holding a Certified ScrumMaster® (CSM®) certification demonstrates knowledge and ability to support Scrum.
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Certified Turnaround Professional
Turnaround Management Association
CTPs have a proven track record and years of experience in working with companies or large business units that are in financial crisis. CTPs must be or must have held positions such as, but not limited to, turnaround practitioners, consultants, or emergency managers and must demonstrate knowledge in the legal, financial and management aspects of a turnaround. CTPs are comprised of the following groups of professionals:
• Turnaround practitioners
• Workout lenders
• Portfolio…CTPs have a proven track record and years of experience in working with companies or large business units that are in financial crisis. CTPs must be or must have held positions such as, but not limited to, turnaround practitioners, consultants, or emergency managers and must demonstrate knowledge in the legal, financial and management aspects of a turnaround. CTPs are comprised of the following groups of professionals:
• Turnaround practitioners
• Workout lenders
• Portfolio managers
• Corporate turnaround executives
• Industry veterans who have significantly contributed to the turnaround and corporate renewal industry and have demonstrated through their practice a high degree of technical and practical knowledge -
PMP
PMI
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Volunteer Award - Conquest Co-Founder
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13 year volunteer leadership award with Conquest Clubs.
Languages
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English
Native or bilingual proficiency
Organizations
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The Entrepreneurial Institute
Panel discussion manufacturing improvements subject matter expert
-CHICAGO FOCUSED BREAKFAST SERIES: Riding the Tidal Wave of a Robust Economy: Are you Prepared? March 22, 2018 A tidal wave of business can be good or not based on the human capital, processes, tools and culture that are in place. Failure can come easily if a business cannot scale to meet demand and keep the service level consistent. This program will offer insights that will help you prepare as the economy continues to heat up. Panel discussion member for TEI presentation at Wintrust Bank…
CHICAGO FOCUSED BREAKFAST SERIES: Riding the Tidal Wave of a Robust Economy: Are you Prepared? March 22, 2018 A tidal wave of business can be good or not based on the human capital, processes, tools and culture that are in place. Failure can come easily if a business cannot scale to meet demand and keep the service level consistent. This program will offer insights that will help you prepare as the economy continues to heat up. Panel discussion member for TEI presentation at Wintrust Bank of Rosemont, IL.
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Alpha Kappa Psi
Treasurer
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Turnaround Management Association
Certification Committee Co-Chair
> Law CTP Body of Knowledge > Management CTP Body of Knowledge > Accounting & Finance CTP Knowledge
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