Panova Case Study: Smoke Detection System
Industry:
Client was using an unreliable vendor that took 20 weeks to produce the part.
Product Line Service:
What was the process for this product? Compression Molding
Product/Application:
Where is this used? Why is it important? Smoke Detection System, Button Extender
Business Challenge:
Why did this company approach Panova? What is the client’s challenge? What is the cause of the problem?
Client was using an unreliable vendor that took 20 weeks to produce the part. Additionally they would often times miss these delivery times further stretching production time.
Approach:
What did you do to scope out the project / challenge?
Used a discovery call to discuss the business and the issues they were facing.
What approach did you take to solve the problem?
Understanding the issue for the client I presented an option that cut the production timelines to a quarter of what they were doing.
Why did you take this approach?
I asked several questions to understand the issues the client faced and the potential issues that cascade from late deliveries. This allowed me to understand the impact of this part in the manufacturing process.
How did you coordinate / partner with the client to solve the problem?
After our initial conversation we traded emails with questions regarding the part to make sure any outstanding issues were resolved.
Business Results:
How does this impact the client’s bottom line, product offering, application optimization?
Quantify this with a number (eg. cost savings, improved efficiency in hours) if possible.
We reduced production time of this part down to 25% of what it previously was. The improved delivery time allows our client more flexibility in keeping inventory resulting in improved cashflow and removes the potential for a line down situation resulting in reduced inventory.
Product / Service Result:
What is the outcome of the project? What is improved / optimized / process changes?
We were able to offer a solution that greatly reduced the production time and improved reliability of delivery.