Success Story I Profitability recovery for an aerospace supplier focused on composite solutions

Profitability recovery for an aerospace supplier focused on composite solutions

CHALLENGES

Our client, an aerospace supplier, was struggling with the aftermath of the COVID crisis. After air travel ramped up, profitability remained at a significantly lower level due to high material prices and supply chain disruptions.

The company was aiming to reduce costs, increase profits to pre-COVID levels and thus, stabilize its market position.

SOLUTIONS

Purchasing

• Implementation of Spend Cube tool for data analysis and benchmarking
• Realization of potentials through negotiations and the automation of purchasing processes

Production

• Conversion of workshop principle to flow principle
• Implementation of operational excellence measures in bottleneck areas

Planning & Control

• Optimization of the forecasting and transfer into a feasible production planning
• Introduction of a state-of-the-art planning suite

Leadership

• Development of a KPI-based performance management system
• Introduction from shopfloor to management

KEY DELIVERABLES

• Spend Cube tool as the purchasing single source of truth
• Introduction of flow production boosting efficiency
• KPI-based performance management system