The client is a $160M global manufacturer of automotive wiring harnesses and battery cables for the automotive aftermarket.
Across their three locations globally, the client had been using Plex Smart Manufacturing Platform since 2011. After years of using Plex, they recognized a need to gain better insights into costing and financial data to optimize costs, increase margins, gain a competitive edge in the marketplace and support future business growth. Since initially implementing Plex, the client recognized several challenges in their current business environment, including: increased business competition, eroding margins and a lack of process, system and data discipline that prevented them from conducting proper analysis of costs, margins and ideal product mix.
Utilizing our Standard Cost Activity Report (SCAR) analysis toolkit and related methodology, a team of Baker Tilly Digital and client team members identified several key areas of focus:
The Baker Tilly Digital team took a hands-on, collaborative approach to identify key issues and achieve the objectives of increased cost accuracy, identification of variances, analysis of margins and more accurate assessment of ideal product mix through the following activities:
Baker Tilly Digital’s SCAR analysis toolkit provides organizations with the tools, knowledge and training needed to take full advantage of Plex’s costing capabilities. Leveraging our SCAR analysis toolkit and leading practices, the client’s leadership team now has increased visibility into critical cost, margin and product data, and is experiencing the following benefits: