To unleash cost-lowering improvements a US Manufacturer established "asset management" teams, with diversified membership representing different departments. The teams focussed on specific cost saving areas, such as inventory, production, purchasing, health and safety, and communications, and they were encouraged to challenge current practices and develop cost-effective ideas. Monthly reports were produced for management. In 2007-2008 the teams generated savings exceeding $1 million....

BPIR Categories

9.5.2 Manage team performance
2.3.1 Identify, plan & map key processes
5.1.1 Plan key production & delivery processes

Unlock this article and 10,000+ more

To get the most out of our extensive resources, please login or become a member below.