Signage Manufacturer
Industry:
Manufacturing & ProcessingService:
Turnaround ManagementCompany:
A manufacturer of signage and provider of identity solutions for a variety of industriesSituation:
The Company was consistently performing under the expectations of its Lender.
Focus Scope:
Focus was engaged to review the Company’s structure, assess its financial status and makes changes to effectuate a turnaround.
Tasks Performed:
- Employees were reassigned to more effectively take advantage of their skill set
- Changes to the ROI (the Enterprise Information System) were made to improve project management
- Shop labor efficiency was tracked and monitored
- A capacity analysis tool was developed to identify productivity increases and to assess capacity balance
Results:
- Due to the efforts of Focus Professionals, shop labor efficiency increased 36.6%, which contributed to cash savings of $1.3MM annually.
- Project management controls were upgraded, improvements which dramatically increased operational efficiency and Company revenues.