Professional Services
Professional Services Firm
Full Credential Description
A leading aerospace and defense supplier faced significant challenges as it experienced rapid growth driven by two major clients demanding increased production of aerostructures. The company was on the brink of insolvency due to a myriad of internal issues, including a lack of a clear manufacturing strategy, inconsistent and decentralized purchasing decisions, and a workforce lacking critical product development skills. These problems resulted in substantial financial losses, with millions of euros slipping through the cracks.
To address these issues, the company’s major client acquired a majority share and sought the expertise of we to implement a comprehensive operational turnaround plan. Upon arrival, the we team identified the need for immediate action to stabilize the company’s most crucial programs and halt cash losses. Over the course of 12 months, they collaborated closely with the company to develop a strategic plan aimed at reducing costs and fostering sustainable growth. This included initiatives to streamline overhead, optimize procurement, enhance productivity, establish efficient production networks, and improve communication across business units.
The tailored solution resulted in the identification of over €60 million in annual savings over five years. we deployed teams to support the implementation of these plans, developed a tracking tool for measuring savings, and facilitated weekly progress review meetings with the management team. They even took on an interim management role to oversee the divestment of a UK subsidiary.
The operational turnaround was successfully achieved within a year without requiring external cash infusion, exceeding improvement targets across all functional areas. Following this success, the company has reported strong financial performance and steady growth since 2012, allowing its management to focus on future expansion.