We’ve worked on a number of Working Capital Improvement and Management Projects over the last 15 years – one example of a working capital management in animal food industry project we can share involved us working with a global company that resulted in €110m working capital released in 9 months.
Working Capital
Company – Global Animal Feed And Pet Food Manufacture
Project Description – Working Capital Project
Location – Global
Working Capital Issues
- Operational Working Capital of €200m (10% of sales)
- Highly competitive seasonal market, with significant over capacity
Implementation
- 5 Internal Consultants (ICs) trained
- 4 Inventory Specialists (ISs) trained
- Rollout started June 09 with ICs and ISs implementing the change
Critical Success Factors
- Strong committed Driving Team – sense of urgency and high priority
- Good Internal Consultants
- Stick to the formula
Result
€110m working capital released in 9 months