- Challenge: A large Chinese manufacturing company faced declining productivity and rising costs, which threatened its competitive position in the global market.
- Solution: Bain identified inefficiencies in the firm’s production lines and implemented lean manufacturing principles to optimize processes. They also revamped the company’s procurement strategy to reduce costs and improve supplier relationships.
- Key Success Factors: Strong focus on process optimization, workforce training on lean methodologies, and effective supplier negotiations.
- Impact: The firm achieved a 20% increase in productivity and a 10% reduction in costs, which allowed it to regain its competitive edge in both domestic and international markets.
How We Solve This Project
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