Life Sciences Organization Struggles with growth and profitability

BACKGROUND

The client’s shareholders were expecting and requiring growth and profitability. The business was hindered by non-integrated business processes from mergers creating repetitive processes and non-value-added activity. OEDM Group was brought in to drive shared services integration and operational excellence through business process improvement.

APPROACH

• Three-year strategic plan created to capitalize on $71M in shared services in HR, finance, IT, supply chain management, and real-estate facilities across the business functions
• All services were benchmarked against world class standards in the industry
• Global VP and C-level executives embedded
• Overhauled Lean Six Sigma resources and optimized key lab processes
• Built a global Lean Six Sigma program, training >200 Green Belts, >50 Black Belts

RESULTS

The organization experienced high ROI for this project:

• Annual portfolios of $18 M direct and indirect savings
• Sustained $100M in overall opportunity realization