As consultants to management, the above goal is the specification for Precision Research when retained to analyze and implement profitability programs.
Focusing on this '.... in less that twelve months' specification, forces the drive to only essential areas of importance. Actual dollar size of profit targets are also an essential consideration to avoid needless time allocated to small projects of little significance.
Analysis always commences with the P&L, and then quickly transfers into detail examination of all areas that influence profitability. Targets are clearly defined where profitability gains can be effectively achieved, how it is to be done, at what cost and the projected return.
Services are provided by Precision Research, as an interim member of the top-level executive team with only one task: 'Increasing Profitability' wherever it can be achieved.
Areas for evaluation 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
Knowledge resources
Speed of development
Technical support
Order processing
Production scheduling
Cost reporting procedures
Overhead costs
Sales costs
Profits by product
Pricing
Pricing vs volume
Internet use
Internet effectiveness
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