How The Meridian Group helped lead a company to record profitability!!

Good Morning!

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How?The Meridian Group helped lead a company to record profitability!!

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A?manufacturer had several performance challenges throughout the company.?The core challenges needed to be identified, solved and implemented to lead the company’s return to profitability and a positive, working organization.?The company had been operating at scantily breakeven, the senior management group was lifeless, disengaged, and leaderless, causing all employees to wander aimlessly and ponder.

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Key Challenges:

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• Customer on-time delivery to scheduled due dates was below 50%.
• Inventory turns were performing far below expectation.?Excess material was strewn about the plant, even encroaching upon working areas.?Inventory recordkeeping was poor and inconsistent, thus hamstringing several hundred thousand dollars of working capital.
• The resultant customer project compared to the original quotation of required work hours for completion were exceeding 140%.??Probable job performance issues were compounded by inaccurate project estimating.?Inaccurate, inconsistent estimating as well as customer quotations adversely affected production performance, created capacity and capability constraints, heightened competitive pressures, and reduced profitability.
• Leadtime for customer projects became highly variable, severely extended, thus creating chaos, confusion, and projects-in-process littering the facilities, as well as eliminating a key competitive advantage for premier order turnaround times.
• March 2020, the pandemic created more business challenges, more cumbersome work processes, more constraints, and workplace operating requirements.

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The Meridian Group provided guidance and established immediate performance objectives for Sales, Engineering, Accounting, Production, Purchasing, Operations, Customer Service, Distribution, Account Management, Information Technology, and Human Resources to dramatically improve the caliber of employees, eliminate production constraints, improve equipment performance and capacity, vastly improve profit performance, eliminate incessant procedural droning, and ensure quality superiority.

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Since the former senior management individuals provided no value to the organization, they were all counseled out.?The middle management group rose to the opportunity and began leading positive change and results!?Those positive changes of growth and prosperity permeated through the rest of the organization.?New leaders were identified inside the company and their development began.?Newly found energy and excitement was created in each facet of the business, unleashing new levels of engagement and commitment.?Creativity and flexibility were born.

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The Planning group reversed their scheduling process to vastly improve raw material procurement, project scheduling, goods manufacturing, and delivery of customer orders.?People and throughput constraints were identified, and solutions implemented.

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The company not only returned to profitability in a year’s time, it is record profitability!

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Vision is so critical to success; The Meridian Group provides such assistance.

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Become a great leader of your people!

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You may develop genuine leadership as a member of The Meridian Group!

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I am a Business Owner Advocate; I serve the risk-takers, the rebels, the underdogs, the visionaries, the champions of free enterprise!

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The Meridian Group is a confidential peer-to-peer advisory council for leaders, owners, CEOs, and presidents of companies in all stages of growth and development.?Since 1993 members have benefited from the collective wisdom and experience of the group, gaining in-depth insights and guidance, business prosperity and growth, improved performance, and personal fulfillment.?The Meridian Group makes good leaders great and great leaders visionary!

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This is just one of many ways The Meridian Group assists leaders and business enterprises!?The Meridian Group would be an asset to you and your enterprise.?I look forward to speaking with you, so we may begin working together soon.

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If you and those you respect are interested in learning more about what we accomplish in The Meridian Group, now is the time to meet!

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I look forward to discussing your Vision and future success; just let me know when we may begin!

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Have a remarkable day!

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John

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John H. Kurth

The Meridian Group, LLC

Your Council For Profit

Making Good Leaders Great And Great Leaders Visionary!

952-942-8560

https://www.the-meridian-group.com

https://www.dhirubhai.net/in/johnhkurth