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A LEADING SUPPLIER OF MEDICAL VISUALIZATION AND ENERGY SYSTEMS

  • Problem: PE owner requested Synergetics to assess operational efficiencies of company along the lines of SCM, support area outsource opportunities, and operational processes to find savings and define operational processes
  • Solution: For SCM optimization, systems were put in place for inventory management, materials cost reduction and centralization. Core processes were aided by MOS and Lean manufacturing principles, and non-core areas were considered for being outsourced
  • ROI: Total savings achieved +$8.5M/yr =12% reduction in COGS

SCM optimization, support area outsource strategies with implementation plans for non-core areas, and core operational processes to find savings and define operational processes were all considered, with many aspects implemented.

  • Lean manufacturing principles
    • 22% productivity improvement
  • MOS for resource allocation
  • Operations consolidations
  • Inventory management and materials cost reduction put in place, with centralization
    • 28.6% increase in inventory turns (2.5 to 3.5 turns)
    • Outsource strategies devised
  • $7.5M reduction in productive inventory ($27.5M to $20.0M)

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