The mission
Identify and secure manufacturing cost savings within a multi-variant machine portfolio
- Identify cost savings: analyze multi-variant machine portfolio to pinpoint areas for cost optimization. We create a data model that pinpoints key cost drivers and identifies opportunities for redesign-to-cost initiatives.
- Accurate forecasting: build a granular forecast down to the component level, providing a clear understanding of material and production resource needs across a complex portfolio.
- Actionable insights: derive actionable steps for multiple improvement clusters including lot size adjustments, supplier optimization, production rationalization (MoB), and targeted technical redesigns.
The approach
We utilize a comprehensive approach to:
- Leverage industry expertise: we draw upon experience from other multi-variant and project-driven businesses within the manufacturing sector.
- Promite collaboration is Key: we foster strong cross-functional communication and collaboration within the organization to ensure successful implementation.
- Track progress, drive results: we implement a consistent tracking system for identified opportunities and actions, ensuring continuous improvement and measurable results.
The impacts
- 11% manufacturing cost savings potential identified and 5% ready for implementation during project phase
- 3,500+ components covered by new forecast model
- 500+ lot size adjustments
- 900+ savings opportunities identified in 13 topic clusters
