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The company is a global leader in security solutions, known for its premium products. It operates with a high degree of local management, offering solutions tailored to the specific requirements of each market.
The organisation struggled with unsatisfactory levels of working capital, primarily due to high inventory levels and delays in customer payments. The company was looking for a short-term working capital reduction with lasting impact.
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Local teams committed to achieving 20-25% reductions through prioritised actions. On a high level, these actions encompassed process enhancements, redefined stocking policies, improved data transparency, and enhanced cross-functional communication.
Other than an action plan with local buy-in, a comprehensive working capital handbook to facilitate ongoing improvement across the organisation was provided.
Furthermore, multiple working capital-related dashboards were developed to enhance data visibility throughout the organisation.