- Challenge: A small manufacturing company was facing financial difficulties and needed assistance in restructuring its business operation.
- MustManage’s Role: Review the entire company’s operations and develop a Business turnaround plan.
- Solution:
- Conducted a detailed analysis and identified areas of lacuna including Production delays, Production-line Downtime and cost overruns.
- Conducted fabrication and assembly quality audits to access their impact on product quality.
- Set up a comprehensive ‘Order-to-Fulfillment’ optimization plan to revamp the existing Operations mechanism.
- Transformed the critical production processes on ‘Lean-Manufacturing’ framework and optimized labor work-process.
- Reviewed Supply-chain line and put corrective measures to improve the entire ‘Procurement-to-Delivery’ system thus alleviating the company’s material procurement to finished goods route in readiness for ISO re-audit certification and future expansion and planned growth.
- Outcome:
- The Company was able to successfully complete the ISO quality certification within 4 months from initiation.
- Improved its cash flow by 30%, and returned to profitability within 8 months of revamping its operations.
