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LEAN MANUFACTURING 1
BACKGROUND
- $60MM manufacturer of consumer products created by acquiring 7 companies
INITIATIVES
- Implemented a lean manufacturing initiative at two plants
- Implemented an inventory reduction and control program
- Negotiated purchasing contracts with key suppliers
RESULTS
- Reduced inventory investment by $2.8MM in 15 weeks
- Increased EBITDA by $400K (expected to grow to $1.1MM) by achieving labor efficiency improvements
- Increased EBITDA by $995K through purchasing contracts
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