Type of Business Packager and distributor of industrial gasses
Revenue: $1 billion
The Challenge: The operating costs for packaging gasses were too high. The company had grown through acquisition and there had not been a concerted effort to reduce the cost of operations.
The Goal: Identify and eliminate the root causes contributing to high operating costs.
The Process:
- Conducted an assessment of each division to understand the financial drivers and operational issues impacting the bottom line
- Developed and prioritized the improvement initiatives
- Worked with internal process experts to implement the initiatives and generate results
Results:
- $5 million reduction in Cost of Goods Sold
Duration: Twelve months from beginning of the project to achievement of results
Consultant's Role:
- Conducted divisional assessments
- Developed and prioritized improvement initiatives
- Coached internal experts to achieve results
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