Case Study - Tires and Wheels Manufacturer Profits From Rightsizing
Client
Global manufacturer and distributor of tires and wheels.
Challenge
After several years in growth mode, a significant drop in customer demand led to excess capacity, high inventory levels and cost issues. This drop, combined with inefficient manufacturing and distribution processes, limited planning and scheduling capabilities, resulted in the “perfect storm.” Productivity was low, quality was unacceptable and inventories grew.
Solution
TBM Consulting Group was engaged to help the client work more efficiently within a reduced footprint and drive down working capital, with a specific focus on finished goods and raw materials. The TBM team also focused on redesigning production and distribution processes, including planning and scheduling processes, to optimize and reduce finished goods inventory.
Results
In just 180 days, the client generated over $8 million in annualized savings, resulting in over 20x ROI.
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