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About Joseph Coniker
Education and Experience
Joseph Coniker holds a Bachelor of Science degree from New York University's School of Business, graduating magna cum laude. He has completed the General Management Program at Harvard Business School and received training from UNC's Kenan-Flagler Business School and Northwestern's Kellogg School of Management.
With 28 years of experience, Mr. Coniker has consulted for over 100 companies and led practices serving nearly 1,000 companies, generating over $1 billion in working capital improvements. His career spans prominent firms including Andersen Consulting, Arthur Andersen, KPMG Consulting, and BearingPoint. As a co-founder of MarketSphere Consulting and former Partner in multiple global consultancies, he has spearheaded numerous organizational strategy and management transformations.
Mr. Coniker's expertise lies in leveraging modern and proven technologies, balanced with people and process, and optimized with artificial intelligence capabilities, to achieve superior financial and operational performance.
He has influenced and provided services for notable organizations such as Alcoa, Amazon, Barton Malow, Carnegie Mellon University, CIT Group, INC Research, Landstar, TMS International, TransDigm Group, and Quest Diagnostics, among others.
Achievements in Working Capital Improvements
Throughout his career, Joseph Coniker has successfully implemented various strategies and systems to enhance working capital across multiple business areas. His achievements include:
Collecting Receivables Quicker: Mr. Coniker leveraged a comprehensive customer management system to streamline processes and reduce the average collection period (DSO) by 20%. This improvement led to an annuity savings of $2,000,000 per year in commercial interest over a 20-year period.
Optimizing Accounts Payable: By implementing a strategic approach to managing vendor quality metrics, Mr. Coniker extended the average payment period (DPO) by 30 days, enhancing financial flexibility and reducing operational costs.
Strategic Inventory Management: Mr. Coniker adopted a dual approach to inventory management, balancing longer holding periods for certain items with faster inventory turns for others, optimizing levels and enhancing the financial balance sheet.
Supply Chain Optimization: He improved working capital in the supply chain by optimizing payment terms with suppliers and customers, strengthening relationships and reducing operational risks.
Human Resources - Headcount Forecasting: Mr. Coniker implemented a comprehensive headcount forecasting system, optimizing staffing levels and reducing unnecessary labor costs, thereby improving financial efficiency and responsiveness to changing business conditions.
About Coniker Systems
Originally created in 1962 by Jerome F. Coniker as a time management and communication systems manufacturer. Today, Coniker Systems operates as a wholly owned subsidiary of a Delaware based Limited Liability Company. Its current purpose is to assist with the relaunch and comeback of Joseph Coniker to the workforce.