Lead time improvement project for major Oil and Gas company in Norway, developing an essential component.
Reduce project lead time of component development by at least 2 months ( the average project lead time was 24 months).
Lead a multi-functional team of senior management, 1st level management and their design engineers and planners (total team 16 people).
Combination of techniques and tools of Theory of Constraints (throughput), Lean (efficiency) and Six Sigma (quality).
Estimated Lead time reduction of 3.5 months (+27% reduction).
Extra Value due to improvement = 2.1 Million to 6.2 Million USD Annually.