Challenge:
Fuel 5x revenue growth over 3-year period by transforming the “make-to-market” value chain.
- Accelerate new product speed-to-market
- Improve production capacity utilization
- Reduce processing lead time
- Eliminate batch release backlog
Approach:
“Transform to Accelerate and Sustain Growth”
- Established performance targets to outperform competition; Selected processes to transform; Mobilized teams
- Mapped current state processes; Designed future state processes, and created implementation plans
- Executed plans to build-measure-learn through a series of iterative releases to achieve sales & performance targets
Results:
“Transformed value chain performance to fuel growth from $1Bn to $5Bn over a 3-year period ”
- Facilitated 200% YOY compound revenue growth
- Established industry benchmark for new product time-to-market
- Increased manufacturing capacity utilization 35%
- Achieved 30% reduction in end-to-end processing lead time
Final Thoughts:
Sustained results: Industrial Operations and Product Supply (IOPS) honored with Shingo Award in 2019 for continuous improvement and manufacturing excellence
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