A transportation company was experiencing significant cost pressures, with notable challenges in leasing and inventory carrying costs
A detailed value stream mapping exercise was conducted to identify areas of risk and opportunity. Rapid Process Improvement Workshops (RPIWs)were implemented to ‘5S’ the workplace. Visual inventory controls were designed and implemented to ensure the benefits from the RPIWs.
This project reduced excess inventory by 60%, significantly reduced the required space for the process and reduced the overall cost of leasing and carrying inventory by $700K. The ROI on this project was 2 months.