Background:

Shrinking margins in the standard steel industry reduced the clients profitability and liquidity. To prevent bankruptcy within the next years, fast and significant measures were required.

Project approach based on 3 phases:

Project kick-off and analysis Ensuring project resources Client mobilization (workshops, in-house PR events, company newspaper)  Focus interviews, benchmarking Definition of project targets (cost reduction of 30%, limit on measures with payback within 2 years) Detailed project plan (duration 2 years, 10 departments involved)   Identification of measures (pilot, then roll-out on all departments) Creation of improvement team (rkbc consultant and department‘s team members) Identification of key improvement areas using cost information from controlling Idea creation (brainstorming, workshops, process analysis, ...) Financial validation of all measures First implementation of quick wins Implementation (performed by client)

Project results:

Cost reduction (over 100 mn EUR) achieved within 2 years, thereby regaining long term profitability

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