Learnings from a 5-year Partnership with one of the World’s Largest Products and Services Providers to the Energy Industry
THE SITUATION
Relentless and unprecedented market forces have forced companies in the Energy sector to rapidly reduce costs while increasing speed and efficiency or face extinction. Being the market leader today is no guarantee for survival in the future. Our client saw the coming winds of change and acted by engaging Argo’s Product Innovation and Value Management (PIVM) team to help them strengthen their market position and become more effective.
Argo’s Relationship and the results achieved with the client evolved over 4 distinct phases, as we ushered them into a never-ending improvement journey towards Lean New Product Development.
RESULTS AT A GLANCE
$195 Million
Improved Annual EBITDA through increased New Product Revenue and reduced costs
25 – 29%
Average cost reduction in product design
93%
Reduction in SKUs
Sustainment
Institutionalized organization and culture change for an on-going journey to Lean New Product Development
TABLE OF CONTENTS
Chapter 2 – Portfolio Management
Chapter 3 – Lean Product Development – Project Management and Set-Based Development