Last fortnight I had posted this thread on #ProfitabilityInCOVIDtimes
I’m happy to share that, we have started working with at least 6 clients on these themes, since then!
In this thread, I share our approach for the first element: #OptimisedManpower | 1
In #OptimisedManpower we are NOT talking about job cuts arising due to low demand from COVID19
Instead we are talking about that optimisation opportunity firms always wanted to achieve - even during peak demand times #ProfitabilityInCOVIDtimes | 2
Let me explain with 3 client examples how this has nothing to do with COVID19 but larger goals
#1: A tire company which operates at double the manpower cost compared to its Indian peers!
@Levers4Change helped them optimise manpower and become competitive #OptimisedManpower | 3
#2: An integrated textile manufacturing firm who was operating at 40% more manpower cost than industry peers
#OptimisedManpower was essential for profitability and market share growth | 4
#3: High critical engineering product manufacturer for automobile industry - when compared to ASEAN peers, was operating at a 15% higher manpower (in terms of number of men deployed) #OptimisedManpower | 5
All of the above examples clearly show - #OptimisedManpower is a long term productivity goal for many businesses - to remain competitive
It’s in this context, we’ve partnered with our clients to facilitate them achieve their objectives | 6
In helping firms achieve #OptimisedManpower, at @Levers4Change we’ve designed an engagement model, thats highly facilitating clients to achieve objectives effortlessly & effectively:
1️⃣ Fast-paced
2️⃣ Actionable Report
3️⃣ Thorough biz case
4️⃣ Liberated leadership
Let’s explore | 7
Cognisant of the fact, the limited time window available - we’ve designed a fast track program:
We complete 1 module in 1 week ~ either a manufacturing section or a department
For a 2000-numbered firm, take just 5 weeks to identify opportunity
#OptimisedManpower | 8
Our diagnosis reports are highly actionable- #ReadyToActReport
We clearly tier opportunities to be realised in 1-day and 1-week
Also quantify all practically doable low cost automation opportunities #OptimisedManpower | 9
Most #OptimisedManpower objectives are stuck because of the lack of clarity the diagnosis has!
Between details of operations/ activities & larger opportunity levers- there’s always a grey area
We build a crystal clear - water tight business case | 10
Given the tactical constrains - leadership can afford to engage in such exercises only to a limited extent!
Our exercise fully liberate them and leaves only decision making to them! We engage with process owners to debate & deliberate #OptimisedManpower | 11
The current COVID situation has brought a temporary phase of demand contraction for most businesses.
While such cycles are not new for business leaders, there are complexity about this situation
#ProfitabilityInCOVIDtimes#LFCinsights | 1
Two specific complexities of the current scenario:
• Global impact: Every country has been impacted by this phenomenon complicating the demand recovery
• Uncertain timelines. Absence of vaccines, increases uncertainty of recovery time
#ProfitabilityInCOVIDtimes#LFCinsights
But times like these, also provide us the opportunity to re-think our businesses - both strategically and operationally.
We asked our clients, when business operate at 30% demand levels; why should your cost operate at 70% levels?
#ProfitabilityInCOVIDtimes#LFCinsights | 3
A firm that shall come out of this situation profitably -of optimising cost structure in alignment with contracting demand & recovering later with ramping up production/ servicing capabilities- would have obviously reinvented their business methods
#ProfitabilityInCOVIDtimes | 4