Implementation of a restructuring program at an international cable harness manufacturer
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Company Details
Corporation-wide management by Matrix Organization
Sales of electrical systems division € 3,2 BN
Locations worldwide, mostly in low-wage countries because of work-intensive production process
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Situation and Challenge
Lack of clear responsibilities for financial estimates of suggested economies
Unsystematic process for the evaluation of suggested measures, lack of transparency
Lack of communication in terms of systematic and structured discharge of initiatives
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Objective and Tasks
Increase in financial transparency of suggested measures
Coordination with regional managers to achieve workable economies that make a demonstrable impact on the profit-and-loss statement
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Measures and Approach
Weekly global coordination meeting to ensure transparency
Twice weekly coordination sessions with PMO to discuss critical initiatives and general alignment of measures
Weekly C-level reporting to document status, progress and results
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Results and Achievements
Significant increase of transparency of suggested measures and economies achieved by them; significantly increased clarity as to the nature of economies
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