Our Partnership Journey
Cash Flow is King
As a result of the Emerging Leader Program and through a Risk and Opportunity review, one project team agreed to take on the challenge of aged and obsolete stock.
They identified a number of remedies and following sign off from the Management Team proceeded to implement the initiatives across the country.
As a result of their initiatives, they reduced aged and obsolete stock by over 65% increasing cash flow by over $15m in a 2 month period.
Another team identified an issue with the way that the payroll system recorded and reported on absenteeism.
As a result of this finding, absenteeism when recorded accurately rose by over 11%, not in increased absence but in better recording.
The team then proceeded to develop and implement new policies and procedures resulting in an overall reduction in absenteeism by over 50%. This resulted in savings for the company over $3.5m annually in sick leave payments but also increased company productivity by having the equivalent of 100 full time employees back at work on an daily basis.