President

President - Manufacturing

President

50%
Reduced scrap by half
78%
Reduced overtime
75%
Reduced returns
$1M
Increased sold inventory
[The interim] was the right choice so we could make the tough change in leadership. He helped us see the harsh realities of the state of the company and he pointed us to the road of recovery until we found our permanent solution.
Company Profile
Manufacturing
Family owned business
$17 million, 48 employees
Position/Timeframe
CEO/President
4-5 days/week, 3 months
Situation
Father (owner/operator) passed away suddenly
Succession planning had not been done so there was no clear leadership
Company was losing money, knew something was wrong
Lack of strategic plan and reporting for decision making
Lack of inter-department sharing
Inaccurate financials
Outdated ERP system
Implementation
Realigned culture to Expect Excellence
Implemented LEAN manufacturing
Initiated regular meetings & reporting
Initial dashboard formulated to drive key core metrics
Analyzed and addressed scrap, overtime, and returns
Aligned customer terms with industry standards improving profitability
Reorganized warehouses
Analyzed and implemented state of the art scanning system
Right sized organization to current business needs and conditions

Results

  • Provided savings equivalent to 4x increase in sales
  • 50% scrap reduction
  • 78% reduction in Overtime
  • 75% reduction in returns
  • Found additional $1M in sold inventory
  • 15% reduction in storage costs
  • 50% reduction in SKU’s
  • 10% reduction in workforce