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• Client: A large financial services company
• Business Area: Life insurance product development
• Opportunity: Improve idea generation and selection and reduce the cycle
time of new product development
• Approach: Redesigned the end-to-end process of idea generation through
selection, scoping, planning, coding, testing, and deployment using a
holistic Six Sigma Design Workout approach
• Results:
- New design allowed concurrent development, leading to quarterly new
product starts and 9 month delivery times
- Increased new product deliveries from 4/year to 6/year without
additional resources
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• Client: A manufacturer of medical devices
• Opportunity: Conduct a 2-day Action Strategy Workout for the CEO and
company leadership to identify and prioritize future product development
and acquisitions strategies
• Approach: Identify and agree upon company’s core competencies, financial
drivers, and passion; map existing products and future product ideas
compared to the core strategy, and decide upon actions and priorities
• Results:
- Multiple product extensions and new product development efforts were
re-oriented as a result of the meeting
- Client acquired two other companies in the next 18 months to obtain
technologies identified in the session
- Client was acquired 3 years later at 3x stock price |
Click here for a Project Summary relating to Product Development Summit. |
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• Client: A manufacturer of medical devices
• Opportunity: Identify, map, challenge, and finalize core supply chain
processes in order to effectively deploy an Oracle Enterprise Resource
Planning (ERP) system across US and global (Europe and Asia) operations
• Approach: An existing client began an ERP system design project and then
identified a need in mid-project to improve process mapping and
streamlining support
• Results:
- Produced 57 process maps in engineering, supply chain, manufacturing,
quality, and finished goods delivery processes; created compliance
documents for validation
- Identified and mitigated various process, quality, and project timing risks
that might have delayed the overall project
- Project deliverables completed on-time and on-budget; process mapping
stayed off the critical path of the overall project |
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