The client's past due orders dropped by 93%.
Plano, TX (PRWEB) March 01, 2013
Pinnacle Strategies today announced that one of its clients, a global manufacturer of aircraft assemblies and components, increased inventory turns by 83% while reducing overtime spending by $2.8 million a year after implementing a comprehensive Pinnacle production management solution, based on Demand-Pull Replenishment principles.
Pinnacle was challenged to help the client’s component manufacturing unit reduce internal shortages and excessive overtime costs. The unit required a comprehensive work scheduling, inventory management, and performance management process overhaul to cut costs and increase service levels.
Pinnacle rapidly delivered the required results by helping the client to:
- Reduce shortages by replenishing component supplies based on actual consumption (“Demand-Pull Replenishment”)
- Cut production lead times
- Provide management and execution with a clear set of execution priorities across the organization
- Increase throughput using Rapid Analysis Bottleneck Improvement Teams (RABIT™)
- Manage the process with an objective performance management system
As a result, the client’s internal fill rates improved by 14%, to 99%, while past due orders dropped by 93%.
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.