The manufacturing lead time reduction project resulted in shrinking the lead time by about 50%, from 3 months to 6 weeks, allowing MedicalDevicesCo to adjust the purchase order halfway through the quarter based on current sales.
When I first started dating my now husband, my parents were not very happy… Later on, my Mom said, “We don’t judge by what someone says. We watch what he/she does.” Upon hearing this, my husband told me that my parents were really smart…
Implementing simplified logistics and taking advantage of data analytics to better anticipate field service needs had resulted in 50% cost reduction within 6 months.
From experience, the most effective SOPs are the simple ones, those that capture the main processes, not the nitty-gritty how-to.
The increased sales and reduced cost resulted in a 115% improvement in gross margin in just 6 months.