Fast Turnaround

... is a tried and tested program to resolve a critical company situation by tackling costs and sales in parallel. This approach ensures that the whole organization is spurred into focused action.

Situation:
Problems ranging from poor profitability to potential insolvency.

Solution:
Encompassing optimization of costs and sales by mobilizing the whole organization. A methodical approach to ensure extremely fast implementation and sustainable success.

Steps to success:

• Fact-based analysis of the profitability gap and open communication to the workforce
• "Roadmap to success" (after 4 - 6 weeks): Revised corporate planning; detailed, quantified targets and action plans for all business areas
• Immediate start of implementation
• Binding commitment of the management to achieve the roadmap targets
• Focus on quality, productivity and cost reduction
• Daily controlling and management practice based on operational and financial performance indicators
• Weekly progress report

Scope of profitability improvement:

• Cost savings: 15 - 20% of total cost
• Increase in turnover: 10%

More details:  Fast Turnaround