Marketing, Sales & Operational performance Improvement in a metal forming company
Company Overview:
- Industry: Forging with Complete Machining Facility
- Location: Manufacturing plant in India
- Market: India & Overseas
Challenges:
1. Stagnant Sales, Profits
2. Delivery failures
3. High Inventory
Strategic Implementations:
- Constraint Management: Identified and addressed key operational bottlenecks.
- ERP System Alignment: Tailored the entire ERP system to the Theory of Constraints (TOC) methodology.
- Sales Strategy Overhaul: Established a new sales planning and execution process.
- Operational Excellence: Aligned the entire supply chain to ensure availability to meet the varying demand.
Impactful Outcomes:
- Throughput and Profitability: Increased throughput by 70% and profitability by 45% over two years.
- Sales Growth: Achieved a 60% sales growth.
- Delivery Performance: Improved from 68% to 95% plus.
- Manufacturing Lead Time: Reduced by 35% in a year.
- Vendor Lead Time: Reduced by 30% for key vendors in a year
- Inventory Management: Achieved a 30% reduction in inventory levels.
- Business Review and Metrics: Established key business metrics and a comprehensive review mechanism involving all stakeholders.