Y O U R
O P P O R T U N I T Y
Ten Questions to Evaluate Your Company's
Performance Improvement Potential
(Evaluate your results below)
2. Has our total inventory investment decreased by at least 50 percent during the past three years?
3. Do more that 98 percent of our orders reach our customers on time?
4. Has our supplier base been reduced by at least one-third during the past five years?
5. Have our supplier lead-times been reduced by at least 50 percent during the past three years?
6. Have we reduced scrap, rework, and warranty costs by at least 50 percent during the past three years?
7. Has our production cost been reduced by at least 20 percent during the past three years?
8. Have we decreased our total cost of quality by at least 50 percent during the past three years?
9. Have we decreased our direct material costs by at least 10 percent during the past three years?
10. Have we reduced our product development response time from concept to catalog by at least 50 percent during the past three years?
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If you can answer YES to 9 or 10 of these questions, you are in an elite class of highly focused and top-performing manufacturing companies. Continuous improvement is still required to sustain market and profitability leadership over equally aggressive competitors. If you can answer YES to 7 or 8 of these questions, you may be out-performing most of your competitors but may be vulnerable to competitors in one or two performance measurements. If you can answer YES to 5 or 6 of these questions, some progress is being made but a low rate of performance improvement is wasting operating expense and may be restricting market-growth potential. A higher performance improvement rate may be needed to keep ahead of the competition. If you can answer YES to less than 5 of these questions, financial security is at risk and a more effective performance improvement management work-process and information system is needed. Any NO answer may represent an unacceptable risk and immediate action may be necessary. What next? Now that you've assessed your company's performance improvement potential, contact us to learn more about how Verstegen+Associates can help you meet that potential. We could be your next step to manufacturing excellence. |
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