Elegant Solutions for Complex Problems
Plano, TX (PRWEB) November 20, 2013
Pinnacle Strategies announced that one of their clients, a leading global provider of technology solutions for the energy industry, has gained a breakthrough $2.1-3.5 million in annual savings as a result of implementing Pinnacle Strategies’ Rapid Analysis Bottleneck Improvement Team (RABIT™) process.
Pinnacle Strategies’ challenge was to help the client meet growing customer demand and delivery expectations and to rapidly improve throughput and lead time for its key products.
Pinnacle Strategies rapidly delivered the required results by helping the client:
-Implement clean start, which ensured that no task would begin until all the minimum prerequisite requirements and supplies were on hand.
-Deploy a system for visualizing the process so every manager, resource, and stakeholder could see the workflow, enabling them to monitor progress, identify emerging problems, and encourage collaboration driven by standardized performance metrics.
-Develop a formal, documented procedure for managing changes that reduced unnecessary activity and assigned appropriate charges for customer requests.
As a result, the team reduced overall project lead time by 27%. Additionally, the first project to apply RABIT recommendations fulfilled its contract in just 11 months, half of the client’s historical 22-month lead time. The reduced cycle times accounted for $2.1 million in savings on full systems, and a potential for $1.4 million in savings on selling stand-alone products that absorb the client’s newly available capacity.
The whole team’s moral improved. “Project meetings that normally took up hours without accomplishing much are only 15 minutes and accomplish much,” stated one team member. “Additionally, we have great collaboration [and are] cross-functional now.” Another team member said, “we now focus on four or five action points instead of an endless list of issues.”
To learn more about what the RABIT process can do for your projects, read the free report here(http://pinnacle-strategies.com/thought-leadership/operations-management/rapid-improvement-in-manufacturing.html). Read this Pinnacle Strategies customer case study, and many others, here (http://pinnacle-strategies.com/success-stories.html).
About Pinnacle Strategies
Pinnacle Strategies is an international management consulting firm focused on operations management excellence. We work with organizations to increase shareholder value by developing high-performance business processes that significantly enhance productivity, reduce costs and time to market, improving profitability and accelerating sustainable growth. Pinnacle Strategies offers results-driven consulting solutions in the areas of performance management, project management, operations management, and supply chain.
For more information, contact Pinnacle Strategies at info(at)pinnacle-strategies(dot)com, or +1 972-492-7951.