We will carry out a detailed assessment of the Engineering Department to identify real opportunities for profit improvement.
Specifically, we will look at how to improve workflow, customer service and quality and we will quantify the cost benefits to the business. Such a focus can reap significant dividends in enterprise value and will help to maximise shareholder value upon disposal.
Engineering Departments typically offer significant opportunities for cost and time savings. Some of these savings can be achieved, for example, by reducing lead times, reducing wastage, reducing product recalls, reducing repeat loops, and improving staff utilisation so that higher value team members can focus on more appropriate, higher value tasks.
We will also look at departmental competencies and communications, and identify opportunities to improve morale, staff retention and productivity.
Our findings will normally identify low hanging fruit – opportunities that can be implemented quickly with a measurable impact. In addition, our review will incorporate the following elements into an implementation plan which we would be happy to manage:
If you would like to discuss your engineering challenges and learn more about our Engineering Preparation For Sale, book a call today.