Life Science Manufacturer Performance Management & Post Merger
The Situation
- Client acquired mid-sized company to gain low-cost facility – target location for R&D and manufacturing
- Productivity and best practices gap between parent and acquired company
- Client strategy focused on narrowing the performance management gap before volume and technology transfer
Argo’s Actions
- Used proprietary methodology for managing operational and financial performance – MRP2 and MIOSTM
- Aligned management at all levels with a transparency of priorities, initiatives, and milestones.
- Created increased accountability for gross margin across the facility
- Implemented performance management with aggressive performance targets, insightful metrics, and rigorous goal-oriented follow-up
Results
- Increased productivity by 17%
- Reduced inventory by 25%
- Created a sustainable continuous improvement culture