BUSINESS SOLUTIONS

• Phase I: Supporting Profitable Growth by Aligning Value Added Processes with Strategy for Fibre-Craft. Reviewed and improved the following mission critical processes:
  • Forecasting process tools/timing/accuracy
  • Product development process handoffs and timing
  • Incorporated an understanding of product life cycle and exit strategy to product development and inventory management
  • Visibility to measures of drivers of profitability
  • Reduction of manual processes

Results:

• Increased speed to market
• Improved product margins on new product introductions
• Insured meeting customer service requirements and quality

• Phase II: Restructure and refocus the financial/accounting resources and processes to accurately measure, analyze, and clearly communicate the current and forecasted state of the business

• Redesigned key Financial processes and align those processes with the business strategy
• Created a Direct Variable Profitability Model (DVPM) to give visibility to measures of drivers of profitability as well as measures of results
• Improved Pricing & costing development and aligned those processes with a stage-gate process coordinating Supply Chain, Product development, Marketing, and Sales
• Improved financial reporting timing/analysis
• Introduced business intelligence tools and improved data integrity

Results:

• • The framework for direct variable profitability reporting/analysis that:
    • Identified low/non profitable customers and products that allowed for exit plans
    • Informed strategic growth platforms for the business
    • Identified action plans to lower the break-even point of the company
  • Significantly increased cash flow through inventory management by:
    • Liquidating excess and obsolete inventory through secondary channels
    • Aligning forecasting tools with inventory procurement processes to prevent/mitigate Excess and obsolete inventory creation