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Oliver Wight gets Performance Improvement flowing at Watts Industries

07-27-2010 09:34 AM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Oliver Wight

/ PR Agency: RONIN Marketing
Umberto Ferretti with the Oliver Wight Class A Checklist

Umberto Ferretti with the Oliver Wight Class A Checklist

Valve manufacturer, Watts Italy has received Class A accreditation following the implementation of an Integrated Business Planning (IBP) programme, led by business improvement specialists, Oliver Wight. The project, which is helping drive productivity and performance, is now being rolled out across Watts Industries’ European operation.

Watts’ Italian operation is one of the most important in Watts’ European and global organisations. It engaged leading business improvement consultants, Oliver Wight, to help shape a new business management process after recognising inefficiencies in its supply chain, particularly when serving internal customers. The Italian operation is the largest producer of valves and components for intercompany use, and its biggest customer is the German assembly plant. Improved business processes between the two operations have dramatically enhanced relations and performance.

Managing Director of Southern Europe & Central Region, Umberto Ferretti, who led the project, emphasises the importance of having a team environment with a no-blame culture and total trust. “As soon as communication became positive, half our problems were solved,” he says.

IBP can most simply be described as advanced Sales & Operations Planning(S&OP) but it integrates diverse processes in the extended supply chain, product and customer portfolios, demand and strategic planning, into one seamless management process. For Watts Italy, IBP has dramatically improved customer service levels, with on-time-in-full (OTIF) performance increasing from 68-72 per cent to a sustainable 95 per cent. At the same time inventory days have reduced from 85 days to 59.

“Thanks to IBP and Class A, I can directly attribute 300,000 Euros of savings in production, including waste elimination from processes,” confirms Ferretti. “In addition, the German operation has been able to reduce the value of stock held by four million Euros.”

Watts Industries Europe has an annual turnover of 330 million Euros, 14 production facilities, 14 sales offices and a workforce numbering 2,000. The Global headquarters - Watts Water Technologies Inc - is in Boston USA.

“Class A is not a wish: it is a must,” says Ferretti. “IBP delivers a method and a discipline, which are critical. It acts as the strategic compass for the entire organisation.” Following the success of the Italian Class A implementation, Ferretti has been appointed Class A champion for Spain and Germany, which are both aiming for Class A accreditation next year.

About Oliver Wight

Oliver Wight are leading business improvement specialists which educate, coach and mentor people to lead and sustain change on the journey to business excellence and outstanding business performance. The largest world-wide consultancy of its type, Oliver Wight has offices throughout Europe, in North and South America and the Asia/Pacific Region.

With a track record of working with ‘blue chip’ organisations and medium sized businesses, which goes back three decades, Oliver Wight assist clients in their pursuit of excellence and help them understand the correct sequence to adopt business improvement techniques; to recognise the linkages and transitions required along this long-term journey; and the necessary repositioning of performance measures and organisational structure.

The Oliver Wight Checklist is the longest standing and most successful business assessment tool. The latest, Sixth Edition sets ever more demanding standards to provide a comprehensive vehicle for companies on their journey to business excellence.

Oliver Wight are the originators of:

1. MRP II – the planning principles that today underpin ERP and supply chain planning
2. S&OP – sales and operations planning
3. Integrated Business Management – enhanced sales and operations planning, including application to matrix environments

Oliver Wight EAME
The Willows
The Steadings Business Centre
Maisemore
Gloucester, UK
GL2 8EY
+44 (0) 1452 397200

Carol Collins
Carol.collins@oliverwight-eame.com
www.oliverwight-eame.com

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