As consultants to management, the above goal is the objective for Precision Research when retained to analyze and implement profitability programs.
Focusing on this '.... in less that twelve months' goal, forces the drive to only essential areas of importance. Actual dollar size of target areas is also an essential consideration to avoid needless time allocated to small projects the may result in little impact.
Analysis always commences with the P&L, that quickly transfers into detail examination of those areas that clearly can influence profitability. The targets are clearly defined where profitability gains can be effectively achieved, how it's to be done, at what cost and the projected return.
Services may be provided by Precision Research, as a consultant team member working to assist the clients staff with only one task: 'Increase Profitability' wherever it can be achieved.
Areas for evaluation may include:
Manufacturing cost
Assembly methods
Automation viability
Plant layout
Tooling
Efficiency
Finishing
Packaging
Labor
Production bottlenecks
Morale and it's effects
Inventory control
Purchasing
Sub Contracting
Offshore manufacturing
Quality control
Production waste
Reject factors
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Product Design
Materials
New product opportunities
Development Speed
Technical support
Order processing
Production scheduling
Cost reporting procedures
Overhead costs
Sales costs
Profits by product center
Pricing
Pricing vs volume
Internet use
Internet effectiveness
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