By Team SOLVEDIO │ Updated November 26, 2024
Executive Summary
A global leader in the automotive and industrial sectors faced significant challenges in achieving operational efficiency and strategic alignment across its vast operations. In response, Solvedio implemented a tailored management system that addressed key issues such as inconsistent goal-setting, limited real-time performance visibility, and inefficient project management. The solution led to enhanced goal alignment, improved executive visibility, and streamlined project and task management. Notable results include better cross-departmental collaboration, improved adaptability, and data-driven decision-making.
About
With a history dating back to the mid-1940s, this global automotive and industrial supplier specializes in rolling bearings and precision components for engines and transmissions and is a pioneer in electromobility and digitalization. With over 80,000 employees and manufacturing facilities worldwide, the company is committed to innovation and sustainable mobility.
What They Say
"Partnering with Solvedio has transformed our approach to performance management and strategic execution. Their platform has provided us with the tools we need to stay agile and competitive in a rapidly evolving industry."
The Problem
Despite its strong market position, the company faced challenges in maintaining operational efficiency and strategic alignment across its global operations. The organization struggled with inconsistent goal-setting, a lack of real-time performance visibility, and inefficient project management. Additionally, there was a need to improve coordination between departments and regions while adapting global objectives to local needs.
The Key Collaboration Milestones:
Comprehensive assessment of the company's processes and global operational needs.
Tailoring of Solvedio's platform to fit the unique requirements of the client.
Gradual implementation across various plants and departments.
Our results
Solvedio implemented a customized, object-oriented management system that significantly enhanced operational efficiency. Key outcomes included a 20% improvement in goal alignment across all regions, a 30% increase in executive visibility into performance metrics, and a 25% improvement in the efficiency of project and task management processes. The system also fostered 20% better cross-departmental collaboration and boosted data-driven decision-making by 35%, leading to greater adaptability and innovation within the company.
This digitalization led to:
+ 30%
increase in executive visibility
into performance metrics
+ 25%
boost in project and task
management efficiency
+ 35%
improvement in decision-making
through data insights
The solution consisted of seven key functional elements
1. Cascading Functions
- Dynamic management and adaptation of company-wide goals
- Effective cascading of objectives to all organizational levels
- Customization of goals for local needs while maintaining alignment with global strategy
2. Executive Management Dashboard
- Intuitive, colour-coded dashboard for quick performance overview
- Real-time identification of deviations from targets using the 3-5-8 rule
- Personalized views and dynamic filters for focused analysis
3. Department View
- Detailed view of goals and KPIs assigned to each department
- Visibility of related projects and tasks
- Analysis of how department activities support overall company objectives
4. Goal Detail
- In-depth information on specific goals
- Tracking of planned vs. achieved values, tolerances, and monitoring periods
- Clear assignment of responsibilities and deadlines
5. Project Management
- Flexible project structures supporting complex initiatives
- Rich editing capabilities for comprehensive project documentation
- Integration with predefined data sources for consistency and accuracy
6. Task Management
- Centralized "My Tasks View" for efficient work organization
- Easy creation, editing, and prioritization of tasks
- Integration of tasks with broader project and goal frameworks
7. Reporting
- Customizable reporting function for tailored analyses
- Integration with Microsoft PowerBI for advanced analytics
- Support for data-driven decision-making and strategic planning