−23%
FIG. BASIS — FY24 vs FY23 · management accounts, finance-director signed
CHANGEOVER, MIN
38
11
UNIT COST, INDEXED
100
77
Unit cost down 23% at a sheet-metal fabricator
South Yorkshire · £28m turnover · 140 staff · 9 months
- SITUATION
- Family-owned fabricator squeezed between steel prices and fixed-price contracts. Unit cost had risen 9% in two years; quoting had stopped keeping up.
- THE WORK
- Diagnostic Fortnight found the constraint wasn’t labour — it was changeover time on two brake presses and a quoting model blind to batch size. Redesigned changeovers with the setters (38 minutes to 11), rebuilt the quoting model with the estimator, repriced the worst 20% of the book.
- OUTCOME
- Unit cost down 23% in nine months. Two loss-making contracts exited on renewal. The setters now run their own changeover reviews; the fix survived us leaving — which is the actual test.