A key supplier to the Aerospace industry, this organisation manages the supply of specialist fastenings, seals and other hardware through both direct distribution and also materials management services contracts. Due to poor performance of the supply of parts and also escalating purchasing spend, they required support to improve the Procurement and Supply chain operation.
Optimatrix delivered the following services:
- Restructured Procurement function and processes; addressed personnel issues and established Order-Book management section, resulting in OTIF improvement by 23% in 3 months.
- Recovered overdue customer order position; achieved year end output targetand exceeded budget by £160k.
- Developed improvements to stock modelling and scheduling resulting in 17% inventory reduction.
- Introduced a cost reduction programme saving an annualised 8% within three months and projected 15% within six months.