Subject Matter Expertise
With an Industrial Engineering degree and an MBA from the Rochester Institute of Technology, Alec Schneggenburger has built a career implementing change to Financial Analysis methods in manufacturing, telecommunications, headquarters, sales, and small business environments. Specific areas of expertise include manufacturing standard costs and variance reporting, Budgeting and Forecasting improvements, database development and implementation, Excel spreadsheet tool development and modeling, capital budget development and optimization, and performance measurement tracking systems.
- In one case, Alec more than doubled the accuracy of financial performance forecasting by applying advanced statistical techniques.
- Another project entailed the creation of a menu-driven database that sales people used to track their performance.
- Alec also developed a method and model to measure the progress of project executions using project milestones and project spending as parameters.
- Finally, Alec developed a customized standard cost model for a high-volume manufacturer, enabling the company to track actual costs versus the budget costs, understand variances, and identify cost-reduction opportunities.