Mining Consumables | DIFOT & Profit Improvements
- August 20, 2018
- Posted by: admin
- Category: Uncategorized
Business Issue
Optivus was appointed to a large Mining Consumable Supplies and Distribution business which had 6 months of declining profits.
Optivus Engagement
Optivus was engaged to implement their BIG Consulting Program.
Through the implementation of the Big Consulting 7 step program a business improvement and growth action plan was developed.
How We Did It
Key to the profit improvements was in the areas of supplier rationalisation, cost cutting, restructuring the management team and building a renewed sales and marketing focus.
Organisational capability to supply products on time and in full was hampering revenue growth and our focus included improving the logistical capabilities of the company.
Results
DIFOT improvement of 13% attaining a 96% fill rate | Picking accuracy improvement of 11%, with a reduction in returns of 4% | Costs cut by 8% | Profit improvement of 5.6% within 60 days.
