Production team consumed an excessive volume of inventory. Due to poor processes, production time exceeded budgeted time and resources. Excessive material usage and schedule delays increased costs and resulted in missed production deadlines.
What We Did
Analyzed workflow capacity. Incorporated lean methodologies and tools to determine the root cause of problems. Created a streamlined production floorplan layout. Maximized the use of existing equipment and linked material consumption to inventory management. Developed corrective actions to achieve organizational goals and objectives.
Through improved tracking, gained control of excessive inventory usage. Operations budgets were met. Production’s on-time delivery now aligned with the schedule. Generated efficiency gains through decreased cycle time and increased throughput. Cost savings were passed onto the customer through reduced material usage and improved production costs. Cost savings in excess of $700K in inventory costs.