Challenged with extreme quality and delivery issues, a plastics manufacturer retained Cornerstone to lead an aggressive operational recovery effort.
The automotive and heavy-duty truck industries are certainly not exceptions to this rule. Don’t get caught off guard by adverse economic circumstances. Pay attention to these key factors to determine how well your business can tolerate an economic or market downturn:
Challenged with an accelerated consolidation and urgent need for synergies, an automobile components manufacturer relied on Cornerstone Consulting to lead them to excellence in safety, quality, cost, and delivery performance.
Controlling the flow of materials through your operation is key to maintaining a healthy bottom line. Your business is much like a bucket (inventory) with one faucet flowing in (raw materials) and another faucet flowing out (finished product) to customers. You want to control both faucets as much as possible to ensure your bucket never overflows or runs dry.
Every business wants to be known for meeting customer needs because reliable companies foster loyal and happy clients. So, how do you keep your customers sufficiently supplied and happy? It’s all about right-sizing for maximum FITness.
Time is the most valuable resource in any operation. Why? Because it’s the only one that cannot be recovered once it’s consumed; it is the only true independent variable in life. Time cannot be managed or controlled, only wasted, so structuring work in a way that makes the most of the time available to your business is key in maximizing your efficiency and minimizing cost.