Industrial Manufacturing Industry Practice Overview
After decades of contraction, the industrial manufacturing industry has remained on a stable growth rate in recent years. During the contraction, the industrial manufacturing industry adopted several transformational innovations including lean six sigma and just-in-time manufacturing. As the industrial manufacturing industry has matured and become commoditized, new challenges have arisen from global competition, pressuring producers to find the perfect balance of global capability/low cost position. These challenges are compounded with the market forces created by constant innovation and the need to identify new opportunities for organic growth from existing value chains.
Cost, as always, has remained the core force of any competitive industry, and maintaining the lowest cost position over your competitors is a key objective. Managing revenue to support product strategy, innovation, and active customer management helps to ensure customer alignment with product value. A return to these manufacturing fundamentals is resulting in new joint cooperation sourcing models with fewer supply partners, wraparound services (insurance, etc), and right sizing global manufacturing footprints.
WGA’s Industrial Manufacturing Industry expertise
WGA’s services focus on helping our industrial manufacturing clients develop a corporate strategy that offers the “best position to win”. We begin by evaluating value streams, customer needs, cost position, competitive position, growth opportunities, and operating performance. We focus on the details that enable our clients organization to deliver uncommon results through executing cost reduction and organic growth roadmaps, as well as acquisitions.
Our services include:
- Local, Regional and Global Strategy
- Merger, Acquisition and Divestiture
- Cost Reduction
- Supply Chain Optimization
- Lean Six Sigma
- Business Process
- Information Technology
- Enterprise Technology optimization
- Program Management
Industrial Manufacturing Client Recommendations
We worked with WGA to fine tune our long term business strategy to address unforeseen changes in Asia, Canada and South America. WGA’s independent analysis of additional plausible scenarios helped us realign the timing of our capital investments and adjust our organizational redesign. WGA’s foresight and deep cross-industry experience has helped us on a number of occasions advert unnecessary challenges.Executive Vice President Corporate Planning and Strategy$68B Industrial Manufacturer
WGA Consulting has been an outstanding partner for over 10 years on a number of benchmarking, strategy and corporate initiatives. They have helped us with nearly every aspect of our business. I particularly like WGA’s “white glove” style and fact based/pragmatic culture.Vice President Operations$34B Industrial Products Manufacturer
Industrial Manufacturing Industry Case Studies
Strategy scenarios allow organizations to easily respond to changes and transition between necessary actions during the business turnaround execution
For many businesses today, generally only two things are certain: greater uncertainty and an accelerated pace of change. Competition is growing due to globalization in most industries, hastening the pace of business.
After chronic Sales and Operation Planning (S&OP) failures in forecast accuracy, WGA improves a Consumer Product company’s global product portfolio forecasting accuracy by +42% while reducing expedited orders by (14%).
Innovative companies have used supply chain reliability to support new business development, resulting in more market share and revenues, increased profitability, improved customer service and loyalty.