Executive
Interim
Partners
Residenzstraße 27
Preysing Palais
80333 Munich
Phone: +49 89 552 7979 20
Fax: +49 89 552 7979 01
© Copyright – Executive Interim Partners
Challenges
- Highly negative operating result
- Liquidity issues and high leverage
- Reststraining company agreements with the employees and tensions with the workers council
- Inefficient processes in production leading long leadtimes and low on time performance
- Significant quality problems and quality cost
- Unfocused product portfolio with partially strong negative contribution margins
Action Plan
- Introduction of a Chief Restructuring Officer and a Program Officer
- Development of a restructuring plan in consensus with the workers council
- Socially sensitive reduction of workforce in the indirect departments
- Implementation of significant cost reduction initiatives with direct and indirect material and overhead cost
- Introduction of measures to improve quality and efficiency in production
- After completion of the project phase, change of both interim managers to the board of the company
Key Results
- Sustainable savings in purchasing, payroll and general cost
- Significant increase in average contribution margin per product
- Elimination of order back log despite of omittance of extra shifts
- Strong reduction of average throughput time
- Improvement of on time performance
- Reduction of quality cost
- For the first time in 8 years sustainable profitable turnover
Further Challenges
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