Lean Profit Hunt
Rath & Strong's Lean Profit HuntAccelerated Transformation
In today's marketplace, time is of the essence in cost control. Rath & Strong's Lean Profit Hunt is a strategic business initiative designed to meet senior management objectives for faster improvements in cost, quality, and lead-times, thereby creating increased profitability. Lean Profit Hunt addresses the high-impact opportunities for accelerated cost reduction and profit improvement, encompassing the entire value stream. It is targeted to your company needs and is practical, not theoretical. It delivers results now, not later. Lean Profit Hunt can be deployed with dramatic results either across the entire organization or within specific functions. It can be applied in a single-site situation as well as enterprise-wide.
Our Approach: fast and effective
Lean Profit HuntSM is a systematic and integrated approach that Rath & Strong has developed with the goal of achieving the highest results in the shortest timeframe. A short assessment phase results in a framework of opportunities which then leads to the development of an implementation plan.
Lean Profit Hunt - Assessment Phase
The initial or assessment phase of the Lean Profit HuntSM is a fast track approach which:
- Determines your business objectives and performance against these objectives.
- Identifies areas of opportunity across your organization through value stream mapping and analytical diagnostics.
- Prioritizes opportunities for rapid improvement based on gap analysis.
- Quantifies the economic value of these cost–reduction opportunities and delineates future state metrics.
Lean Profit Hunt - Implementation
Taking the key opportunities identified in the Lean Profit HuntSM Assessment, Rath & Strong creates an implementation plan where specific actions are matched to anticipated outcomes. By focusing on a few key areas of opportunity the implementation plan creates a sense of urgency in achieving results. Rath & strong provides the consulting, coaching, mentoring and training for implementation. We can either do it with you or do it for you. Whichever path you choose, we help you reduce costs, deliver increased customer value and achieve sustainable competitive advantage.
Return on Investment
Rath & Strong is committed to delivering high returns on your investment. Our consultants are highly experienced, results-oriented professionals who deliver world class consulting at a realistic cost. Our Lean Profit Hunt typically delivers reductions in lead time of 50% and in cost of 25%–50%. Our global clients include Norwich Union, State Street Bank, JP Morgan Chase, GE Capital, DPWN, United States Postal Service, Johnson & Johnson, Armstrong Industries, British Petroleum, Siemens, Pfizer and Wyeth.
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Lean Profit Hunt at Kodak
Rath & Strong's work with Kodak started with a short assessment that immediately identified the scale of the opportunity. We worked with the Leadership Team to redirect their improvement efforts to deliver the competitive edge they needed, and left the organization fully self-sufficient to ensure ongoing improvements.
“The focus of the Lean Profit Hunt changed from having a handful of projects, to a more strategic approach, with support from consultants Rath & Strong. This proved much more successful, lifted the organisation and the programme began to take off …. Rath & Strong provided a rigorous approach and then reinforced the process by coaching and mentoring. We would not have had the same success we have had without them."
Mike Harding, Kodak
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