Background.
The average project lead time was 24 months for one critical component. Too high to really stay competitive.
Objective.
Reduce project lead time of component development by at least 2 months
How.
Lead a multi-functional team of senior management, 1st level management and their design engineers and planners (total team 16 people).
Results.
Estimated Lead time reduction of 3.5 months (+27% reduction).
Extra Value due to improvement = 2.1 Million to 6.2 Million USD Annually.