Resource Utilization Solutions
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Operations assessment
Background - Biotechnology company that had reasonable planning and measurement processes wanted a third party assessment of resource utilization to help them plan and strategize to maintain profitability and cash flow performance.
Solution - Performed a business diagnostic assessment of the company and identified strengths and opportunities to improve profitability and cash flow. Developed a performance improvement plan to support management's business strategy, and implement the identified opportunities for improvement. The plan included a consolidation and reorganization of operations and structure, reallocation of financial and manpower resources to more profitable product lines, joint venture opportunities for existing and proposed products in certain market places, outsourcing some back office support functions and acquisition and sale opportunities.
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Performance improvements review
Background - Growing home care company realized declining profitability and operational inefficiencies, and inaccuracies in the financial reporting processes.
Solution - Identified the root causes of inefficiencies and weaknesses through a comparative analysis of the system to local and national industry standards, and to historical experience. Developed solutions to improve the efficiency of the current state, and implement processes and measurements to evaluate the profitability, compatibility and risk of planned growth and improve the financial reporting process.
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Management structure
Background - Merger of multiple health care therapy providers into a single new entity required assistance to develop and implement an effective management structure into the new company.
Solution - Developed a management transition plan and implementation timetable, including the proposed new management organizational structure, placement of existing managers, description of needed management skills, outplacement alternatives for managers that would not be placed with the new company, and incentive based compensation suggestions.
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Performance measures
Background - Diversified growing construction contractor wanted to maintain profitability and cash flow performance, and needed metrics and benchmarks to measure and monitor operating and growth performance and risk.
Solution - Identified relevant business measurements and developed performance and growth measures and management reporting and variance analysis systems.