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Three Real World Examples
Asset/Business
Management Success


 Free Content Provided by T and T LLC
Engagement #1
The mission was to assist a manufacturing company in a new business venture


Step #1 – Analysis
      The client was a long established secondary
      manufacturer. They had succeeded in gaining
      new business that was outside their normal ability
      to perform. I was brought in to help them set
      themselves up for success. I met with the owners
      and gathered all the data I needed to build a plan.
Engagement #1
The mission was to assist a manufacturing company in a new business venture




Step#2 – The plan
     I created a plan that would have me create,
     populate, and temporarily lead a Program
     Management Group that would lead the way for
     the new business. I also brought in a temporary
     CFO who would help oversee the flow of money
     for the new business and aid in the maturation of
     the overall financial and purchasing processes. (I
     needed someone I could trust to watch the
     money)
Engagement #1
The mission was to assist a manufacturing company in a new business venture




Step#3 - What was done
    Over a six month period all aspects for the
    new business were put in order and I
    executed an exit strategy. I had manned
    and trained a four person Program
    Management staff that was leading the
    corporation forward in their new adventure.
Engagement #1
The mission was to assist a manufacturing company in a new business venture




Summary- This new project represented 25M
   in new capitol and 120M in sales. It was
   successfully launched and all quality and
   financial goals were met.
Engagement #2
The mission was to investigate margin and staffing problems in a medium sized
company

Step #1 – Analysis
   I was brought in because the target company
   was unable to meet margin on some
   products, Plant Managers were being
   replaced at an alarming rate, and their lender
   just felt something was wrong.
   I met with the Managers and their mid-level
   folks to start my investigation and analysis.
   I requested data from all over the company.
Engagement #2
The mission was to investigate margin and staffing problems in a medium sized
company


Step #2 – The Plan
   Through my analysis I was able to pinpoint a
   software root cause and identify an unexplored
   opportunity to increase margin.
       The software issue was found in the estimating
   software. The EBITDA was off by 30%. This
   explains why they were having such a hard time
   meeting margin and were firing Plant Mangers.
       The unexplored opportunity to increase margin
   was found in optimizing the use raw materials. In
   just a couple days I was able to find opportunity for
   1M in first year savings with very little cash outlay.
Engagement #2
The mission was to investigate margin and staffing problems in a medium sized
company

Step #3 – What was done
   This company chose to purchase an estimating
   software to manage their business. Further I
   established a hand check process where one in ten
   estimates would be validated with hand calculations
   to make sure the software was accurate. (Also to
   validate their estimators knew how to hand calculate
   estimates)
   The company chose not to pursue the Material
   Utilization opportunities. I found out later that the VP
   presented the ideas as his own six months after my
   exit.
Engagement #2
The mission was to investigate margin and staffing problems in a medium sized
company




Summary-
  This was a success in my book. The VP of
  the company did complain that he was NOT
  winning business at the rate he was before
  we fixed his estimating problem.
Engagement #2
The mission was to investigate margin and staffing problems in a medium sized
company



Side Note
   The VP was being measured by his
   management on the amount of awarded
   business and he was receiving accolades for
   being “tough” on the Plant Managers. In
   truth he was being awarded losing business
   that was killing the company and was
   creating distraction by firing folks. These
   people need to be dismissed publicly and
   prosecuted if at all possible.
Engagement #3
The mission was to investigate lack of success by a small Cost Center within a
larger corporation

Step #1- Analysis
    Day one I met the manager and staff.        It took
    three hours to fully realize what was going on and
    what needed to change. I presented the findings to
    the Owner and the Lender via conference call on
    day one of the investigation.
Engagement #3
The mission was to investigate lack of success by a small Cost Center within a
larger corporation

Step#2 – The Plan
    Their were two huge problems.
    The first problem was in their staffing. They had a
    gruff tooling guy acting as their salesman and one
    of the slickest sales guy I ever met working on
    tooling. Easy fix.

      The second Issue was with the Manager. He was
      abusive. I acutely saw him slap a man for ordering
      too many boxes. The man ordered $25 dollars
      worth of extra boxes and could have cost the
      company thousands of dollars in a law suit. I
      recommended the Manager be fired.
Engagement #3
The mission was to investigate lack of success by a small Cost Center within a
larger corporation

Step#3 /Summary -
    The company did switch the sales and tooling guys
    with great success. Business increased by 20%
    almost instantly.
     The manager was not reprimanded to my
    knowledge.
As the owner of the company that provides this free content, I would like
to invite you to contact me to explore working relationships. I enjoy this
bsuiness and look forward to speaking with you.

In addition, I have several DIY Process Improvement presentations that
can be found on the TomTurner.BIZ website. These slides should
empower you to success.



Thank You:

Tom Turner - Owner T and T LLC.

Website- TomTurner.BIZ

Email-TomTurner@TomTurner.biz

Phone - (586) 484-2908
Three real world examples asset/business management success
Three real world examples asset/business management success

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Three real world examples asset/business management success

  • 1. Three Real World Examples Asset/Business Management Success Free Content Provided by T and T LLC
  • 2. Engagement #1 The mission was to assist a manufacturing company in a new business venture Step #1 – Analysis The client was a long established secondary manufacturer. They had succeeded in gaining new business that was outside their normal ability to perform. I was brought in to help them set themselves up for success. I met with the owners and gathered all the data I needed to build a plan.
  • 3. Engagement #1 The mission was to assist a manufacturing company in a new business venture Step#2 – The plan I created a plan that would have me create, populate, and temporarily lead a Program Management Group that would lead the way for the new business. I also brought in a temporary CFO who would help oversee the flow of money for the new business and aid in the maturation of the overall financial and purchasing processes. (I needed someone I could trust to watch the money)
  • 4. Engagement #1 The mission was to assist a manufacturing company in a new business venture Step#3 - What was done Over a six month period all aspects for the new business were put in order and I executed an exit strategy. I had manned and trained a four person Program Management staff that was leading the corporation forward in their new adventure.
  • 5. Engagement #1 The mission was to assist a manufacturing company in a new business venture Summary- This new project represented 25M in new capitol and 120M in sales. It was successfully launched and all quality and financial goals were met.
  • 6. Engagement #2 The mission was to investigate margin and staffing problems in a medium sized company Step #1 – Analysis I was brought in because the target company was unable to meet margin on some products, Plant Managers were being replaced at an alarming rate, and their lender just felt something was wrong. I met with the Managers and their mid-level folks to start my investigation and analysis. I requested data from all over the company.
  • 7. Engagement #2 The mission was to investigate margin and staffing problems in a medium sized company Step #2 – The Plan Through my analysis I was able to pinpoint a software root cause and identify an unexplored opportunity to increase margin. The software issue was found in the estimating software. The EBITDA was off by 30%. This explains why they were having such a hard time meeting margin and were firing Plant Mangers. The unexplored opportunity to increase margin was found in optimizing the use raw materials. In just a couple days I was able to find opportunity for 1M in first year savings with very little cash outlay.
  • 8. Engagement #2 The mission was to investigate margin and staffing problems in a medium sized company Step #3 – What was done This company chose to purchase an estimating software to manage their business. Further I established a hand check process where one in ten estimates would be validated with hand calculations to make sure the software was accurate. (Also to validate their estimators knew how to hand calculate estimates) The company chose not to pursue the Material Utilization opportunities. I found out later that the VP presented the ideas as his own six months after my exit.
  • 9. Engagement #2 The mission was to investigate margin and staffing problems in a medium sized company Summary- This was a success in my book. The VP of the company did complain that he was NOT winning business at the rate he was before we fixed his estimating problem.
  • 10. Engagement #2 The mission was to investigate margin and staffing problems in a medium sized company Side Note The VP was being measured by his management on the amount of awarded business and he was receiving accolades for being “tough” on the Plant Managers. In truth he was being awarded losing business that was killing the company and was creating distraction by firing folks. These people need to be dismissed publicly and prosecuted if at all possible.
  • 11. Engagement #3 The mission was to investigate lack of success by a small Cost Center within a larger corporation Step #1- Analysis Day one I met the manager and staff. It took three hours to fully realize what was going on and what needed to change. I presented the findings to the Owner and the Lender via conference call on day one of the investigation.
  • 12. Engagement #3 The mission was to investigate lack of success by a small Cost Center within a larger corporation Step#2 – The Plan Their were two huge problems. The first problem was in their staffing. They had a gruff tooling guy acting as their salesman and one of the slickest sales guy I ever met working on tooling. Easy fix. The second Issue was with the Manager. He was abusive. I acutely saw him slap a man for ordering too many boxes. The man ordered $25 dollars worth of extra boxes and could have cost the company thousands of dollars in a law suit. I recommended the Manager be fired.
  • 13. Engagement #3 The mission was to investigate lack of success by a small Cost Center within a larger corporation Step#3 /Summary - The company did switch the sales and tooling guys with great success. Business increased by 20% almost instantly. The manager was not reprimanded to my knowledge.
  • 14. As the owner of the company that provides this free content, I would like to invite you to contact me to explore working relationships. I enjoy this bsuiness and look forward to speaking with you. In addition, I have several DIY Process Improvement presentations that can be found on the TomTurner.BIZ website. These slides should empower you to success. Thank You: Tom Turner - Owner T and T LLC. Website- TomTurner.BIZ Email-TomTurner@TomTurner.biz Phone - (586) 484-2908