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Client Success
Luxfer Gas Cylinders Australia
Luxfer Gas Cylinders manufacture and market seamless high-pressure aluminium gas cylinders. During December 2001 Luxfer achieved the coveted Class A Award for Strategic Planning and Planning and Control Processes.
Although the Class A journey had been long, the Luxfer organisation has been elevated in so many valuable ways – from the obvious financial and operational benefits, to the less tangible cultural and people benefits.
Benefits of Class A Strategic Planning Processes:
Alignment, relevance and resourcing of key initiatives are reviewed monthly by the management team
Performance management linked with strategy and forms departmental ownership
Financials are directly linked and are updated accordingly
Plans and direction are regularly and formally communicated.
Benefits achieved through Class A Planning and Control Processes:
Return on Investment, 36.4% including the costs of implementing a new ERP system
50% improvement in velocity
Average customer service went from mid 50s to consistently over 95%
Forecast accuracy of A and B items grew from approximately 60% to mid 80s
Inventory record accuracy averaged around 80% and grew to consistently over 95%
Inventory was reduced by 25%
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