Case Study – FENNER DRIVES – Continuous Improvement
Goals:
Business growth projections pointed to a need for process improvements and workforce development to keep pace with demand and to enhance the customer experience.
Results:
Fenner’s ultimate goal is to be recognized as Best-in-Class and customer focused with 85% of the organization utilizing Lean and Six Sigma to improve the value stream. It is about meeting customers’ high demands with more sophisticated solutions that reduce cost and decrease lead time while streamlining end-to-end processes.
Since adopting a formal CI approach Fenner averages $1.5M in annual savings. By the end of 2022, the company estimates savings to exceed $4.5M since 2018.
