What is Risk Management?
FTE Performance helps you look beyond the balance sheet to understand what is happening within the operations of your organization. We will help you discover opportunities to accelerate savings by identifying and focusing on cost drivers and process optimization. You’ll also gain a deeper understanding of your operations at the working level, so you can make short term tactical decisions as well as long term strategic ones.
OUR INTEGRATED APPROACH
Clients typically do a great job understanding the financial and transactional impact of their decisions, but they don’t always fully understand their operational imperatives and the risks associated with over or understating capacity or demand, equipment or facility utilization or the cost & ROI implications of lean transformation initiatives.
Assessment
Our Senior Advisors provide insight into how operations impact the success of business from both a financial and strategic perspective. Attributes assessed include: Safety, Quality, Delivery, Cost and Culture. We compare client operations to industry benchmarks, gather detailed operational information at each level of the organization, and analyze our observations to determine overarching issues and associated risks.Analysis
In the Analysis phase we break down observations and compare against the operational data collected on-site to calculate the net present value of the costs and future value of the potential savings associated with our findings. Analytical models are developed to identify inefficiencies in specific areas, and our modeling tools provide insight on likely causes of the issues. Typical ROI models identify cost savings associated with items like OEE, stated vs. actual capacity, manpower, cost of quality, premium freight, overtime, 3rd party containment, workman’s comp along with direct and indirect material costs.Risk Mitigation Planning
This phase starts with identifying changes to improve operational capabilities, capacities and efficiency and assessing additional operational risks that can impact the financial performance and other obligations of the firm. We then develop a plan to successfully restructure the operations to meet improvement initiatives, and determine the cost and timing associated with recommended improvement initiatives. The opportunities identified in the on-site assessment and analysis are prioritized based on potential savings as well as the cost and timing of implementation.Board Ready Reports
We combine concrete analytics with “go and see” shop floor investigation to provide accurate, attainable savings opportunities and we assimilate the findings into a board ready final report structure that can be used for future planning.THE IMPACT
Due Diligence
Mergers and acquisitions bring together organizations that have different business systems, management practices, and how work is formally and informally conducted. These critical areas are often overlooked which lead to operational, relationship, and financial performance issues post-merger.Gain a Competitive Edge
Your organization will gain a competitive advantage through the systematic use of labor, equipment, material, and capital. We will help you gain organizational alignment and quantify in financial terms, how operational changes will deliver profit and value.
THE FTE DIFFERENCE
A Holistic Solution
We look at three key areas: operational excellence, business systems, and the culture of your organization. All three areas need to be considered anytime there is a major undertaking, whether it is an acquisition, a new offering, expansion analysis, relocation or merger. This balanced approach identifies overlooked opportunities and roadblocks resulting in faster integration and sustainable operating results.ROI Focused
ROI analysis is fundamental across all of our services and is second nature to ensuring we provide meaningful, credible risk analysis outputs. Additionally, our team has decades of experience working on these types of engagements and will partner closely with your leadership and project team.
“FTE Performance Consulting helped optimize our warehouse layout, storage, material flow and kitting processes with significant throughput improvement in three different facilities. We set new annual Sales and EBITA records in Q3, which were achieved with the optimization efforts led by FTE’s guidance contributing a great deal. They are very “hands-on” and we highly recommend FTE!”John HanighenCEOCloyes Corporation
“We worked hard, laughed, and jabbed. We appreciate FTE becoming part of our team and are absolutely looking forward to partnering again in the future.”Ann FrickeDirector of OperationsDakkota Integrated Systems
“What differentiates FTE from other Lean Consulting firms
is their flexibility and adaptability.”Tim FoleyDirector, Performance and LearningNavistar International
“I wholeheartedly recommend FTE to colleagues and associates. It’s a team full of cutting-edge talent, with dedication, and passion for creating stability and standardization within our organization”Tim HoganDistrict Director of ServiceRush Enterprises, Inc.
“Not only do they possess deep knowledge of Lean Manufacturing, but they also know how to transform organizations with practical and proven solutions.”Steve St. AngeloCEOAmerican KaizenFormer Senior Managing Officer of Toyota Motor Corporation and Chief Executive Officer, Latin America, and Caribbean Region
“FTE Performance Consulting was outstanding in their performance with scoping, managing, and implementing the MES System in our Paint facility.”Justin SchlaterIT Director AssociateNavistar International
“FTE is not a company to just tell you what needs to be improved, they will lead the improvement, ensure the alignment of leaders and that processes are in place to sustain gains.”John MocnyGeneral Manager, Vehicle and Supply Chain OperationsHarley-Davidson Motor Company
LET'S TALK
Interested in learning more about our services?