What we did - our role and activities
- Review TWC at 5 businesses, confirm improvement, identify and develop a leading practice “Tool Box”, implement and develop action plans with the selected businesses within 4.5 months.
Activities and Deliverables
- 2 week reviews at each business confirmed local scope and requirements, including quick wins.
- Presented results locally, gained buy-in and agreed actions.
- Developed “Tool Box” of working capital leading practice for key elements of SCM, OTC and PTP including price/discount negotiation tool, cash targeting tool, GMROI tool and TWC metrics.
- Documented processes to support “Tool Box”.
- Completed local implementation at 5 businesses and developed action plans.
- Transferred methodology to Working Capital Champions for internal roll out.