Success story | Improved P&L management with data analytics for a helicopter manufacturer
Improved P&L management with data analytics for a helicopter manufacturer
CHALLENGES
With purchasing accounting for ~70% of recurring costs base, important efforts were requested from Programs to boost their competitiveness and secure their P&L. With more and more data to be analyzed and limited resources, our client needed support to develop automatized financial analyses to focus on key business drivers and improve P&L.
SOLUTIONS
To focus on priorities and improve its business impact:
- We developed an analytic tool based on the client’s database and shared assumptions, enabling the identification of key business
- opportunities
- We trained the client’s teams to leverage analyses available in the dashboard
- We defined a “standard action catalog” to support deep-dive and root causes identification
KEY DELIVERABLES
- Validated business assumptions: Shared controlling business rules to ensure data quality and alignment of stakeholders
- Integrated controlling analytic tool: Analytics to enable new analysis/service and improve the efficiency of controllers
- Operational buy costs synthesis: Top costs deviations, opportunities areas, identified risks & Opportunities with related impact on P&L
CUSTOMER BENEFITS
- -70% of workload related to operational data management
- 1 shared truth for baseline and hypotheses
- 100% capability to focus resources on topics with a major P&L impact
