Results For Manufacturing
Mass Ingenuity’s Results performance management software can help you substantially boost productivity, employee retention and improve the bottom line!
Manufacturing Client Results and Impact
The company was especially effective at cascading its performance measures throughout the operations division. Specific results achieved by their partnership with Mass Ingenuity includes:
67% cost savings in 11 months
Reduced rework costs from $1.86 to $0.60
27% Improvement in 9 Months
Improved completed manufactured unit parts gross profit margin from 30.35% to 38.80%
88% Growth in 9 Months
Increased EBITDA from 17% of revenue to 32%
With it, you and your team will be able to make better and highly informed decisions, and access all the necessary tools to successfully execute them.
This innovative enterprise application is widely renowned for helping businesses, both big and small, achieve their objectives in the most convenient and stress-free way. This is simply brought about by its unrivaled capabilities that facilitate easy critical performance targets planning and delivering analytics to accurately measure progress towards attaining those targets.
Best of all, Results may be applied to all the different levels of a manufacturing business. This performance management application has been specifically designed to drive results through a more focused capacity in the execution of strategic plans across all levels of your organization. As such, Results delivers enhanced visibility and control over all your manufacturing establishment’s core business operations.
The Results enterprise performance management software enables you and your team to direct your focus towards the most essential factors that can influence your company’s overall success and growth. To this end, you will be in a good position to create a set of highly customized key performance indicators (KPIs) for your organization’s most critical day-to-day operations which are most likely to impact results.
Using Results will provide you and your team a deeper understanding of the various levers influencing performance in virtually any aspect of your manufacturing business’s functions. From quote to delivery, this enterprise-level performance management software delivers improved visibility of the real drivers which can impact your bottom line. In turn, this makes sure you and your team can implement continuous improvements within your organization to achieve and even exceed your strategic goals.
Results Enterprise Performance Management Software
Improves Employee Engagement
As you might probably already know, your staff plays a huge role in the overall success of your manufacturing business. This definitely means it is always a good idea to ensure they keep wanting to continue working for you. Focusing on employee engagement is one viable and well-proven means of doing so. A team that is effectively engaged will not only be happier, but will truly wish to see how their contributions may be pivotal in achieving your manufacturing company’s strategic and long-term objectives. Once you leverage the power of Results performance management application, you will place yourself on the high road to see your workforce is engaged.
This is simply brought about the capability to furnish them with a meaningful sense of their work thanks to continuous feedback on your business objectives. As a result, all your teams, from the line to the field can fully comprehend just how their contributions influence your business objectives. This way, your teams will feel more involved and empowered to be part of the process and contribute to your business’s growth. When you leverage Results’ capabilities, you will be able to develop and review your strategic goals with all your teams in a highly consistent manner.
Also, your management team and all employees will be in a position to keep track of performance in the context of the communicated objectives.
This enterprise performance management application delivers a 360° view of your manufacturing business’s core business operations information. So, your different teams can obtain feedback not only from their supervisors, but peers as well. This creates more accountability in the workplace because all team members understand not only their superiors, but their peers can accurately assess their individual performance.
Results Enterprise Performance Management Software
Eliminates Departmental Silos
Like most other industries, manufacturing teams are often disconnected into silos. This makes it extremely hard to prevent conflicting activities that can have an adverse influence on their business goals. Results can come into the picture by delivering shared insights from all your different departments from the shop floor to the back office or even those on the field. This goes a long way in ensuring their various contributions may be seamlessly aligned to your high-level business objectives and drive much better performance.
Results Enterprise Performance Management
is Easy to Implement
Results is widely acclaimed for its remarkable ease of implementation. Mass Ingenuity provides top-notch customer support to guarantee implementation is always hassle-free and goes out of its way in doing all the heavy lifting. Additionally, the whole Results package comes complete with a set of portfolio services that provide training materials and guidance for new users. This certainly means the onboarding process is always simple, and your team can rapidly learn of the most effective ways of using the software to drive results
Results Enterprise Performance Management Comes With Top-Notch Customer Service
Mass Ingenuity delivers creative solutions to help you and your team efficiently deal with all IT barriers you might face in implementing Results. This can potentially save you a lot of money that you would ordinarily foot on needless systems upgrades.
Manufacturing Company: Results Management System™ and Software
Case Study #36: March 2021
Project Timeline: May 2020-February 2021
Situation: A fast-growing precision manufacturing company had very strong in-house capabilities with tight controls in compliance with industry standards and fast delivery times. On the other hand, after a sustained growth period, revenue had flattened and margins had declined, resulting in reduced profitability.
Pain: The Company was not using metrics to understand the cause of their high reworks costs and their negative impact on margins. In addition, revenue was heavily concentrated in a single customer and the company lacked a strategic plan to diversify their customer base.
Client Capabilities Needed
- Drill down from aggregate metrics into detailed metrics to drive root cause problem solving
- For example, they needed to more accurately track costs by product line and work center
- Implement “one source of the facts" despite concerns about inaccurate data
- Upgrade to a more sophisticated enterprise performance management system
- Enhance company-wide communication and accountability by leveraging real-time dashboards and visual performance management
- Align company priorities and measure progress on key initiatives
Mass Ingenuity Provided Client with Strategic Planning, Performance Measures,
and
Results Software
This manufacturer engaged Mass Ingenuity to facilitate strategic planning, implementation of enterprise performance measures, and its cloud-based Results Software, including a direct connection to their ERP data. This cloud-based SaaS application is built on Microsoft® Azure® and enables 24/7 real-time visibility to all measures including their current status, trends, and specific mitigation efforts.
Client Results and Impact
The company was especially effective at cascading its performance measures throughout the operations division. Specific results achieved by their partnership with Mass Ingenuity includes:
Reduced rework costs from $1.86 to $0.60 (67% cost savings in 11 months)
Improved completed manufactured unit parts gross profit margin from 30.35% to 38.80% (27% improvement in 9 months)
Increased EBITDA from 17% of revenue to 32% (88% growth in 9 months)
CEO's Point of View
The CEO was very pleased with how well the strategic planning effort defined the leadership team’s vision and strategy. He was also impressed with how effectively Results Software provided all employees with the important details of its strategic initiatives and desired business outcomes. They leveraged this software tool to focus their monthly business reviews and to highlight key performance indicators to every individual I the company.
Manufacturing Company’s Sale Exceeds Expectations
This manufacturing company’s work with Mass Ingenuity enabled it to demonstrate its business acumen and effective management practices to its prospective buyer. The CEO was convinced that their work with Mass Ingenuity and Results Software enabled it to quickly sell the company for an amount that far exceeded their expectations.
“Our decision to work with Mass Ingenuity was a great investment. Working with their team gave our leadership team the business tools and best practices to take the company to a higher level of performance. They facilitated us through important conversations we weren’t having on our own, which enabled us to build and implement a strategic plan that quickly changed the course of our business and financial results. The measures were shared company-wide, allowing us to identify areas of concern and drive improvement. Our return on investment was 7:1 and had a significant impact on the eventual sale of our company.
The Mass Ingenuity team guided us seamlessly through the implementation process. Our aggressive implementation schedule was no problem for their experts, and they offered creative solutions to avoid costly system upgrades and provided stellar IT support. The Mass Ingenuity team was a true pleasure to work with and I would recommend them to any company striving to achieve operational excellence.”
– Chief Administrative Officer (former) –