FTC’s Core Service Offerings
Cost Reduction
FTC coaches have demonstrated impressive results in delivering sustainable Cost Reduction to a number of resource sector clients in South Africa and overseas. Our approach includes a combination of:
Robust analysis using a Value Driver Tree to identify the key drivers of cost and quickly identify focus areas of opportunity
Value Engineering techniques to drive quick implementation of Cost Reduction ideas and ensure that all potential value is realised
Building a culture of cost awareness, without which any cost reduction initiative is not sustainable. The key to building a cost culture is the implementation of a robust performance management system
On-going Improvement and Operational Turnaround Programmes
Value Engineering defines FTC’s approach to both On-going Improvement projects and Operational Turnaround, understanding that organisations need to build internal capability to adequately prioritise, resource and execute ideas to deliver on their full potential value. FTC coaches focus not only on quick results, but on building the internal capabilities required for sustaining change and growth initiatives.
Management Operating System Design
Management Operating Systems (‘MOS’) comprise the Performance Infrastructure of an organisation and refers to the infrastructural, systemic enablers of performance – such as Planning Systems, Data Systems and Production, Maintenance and Support Systems and Processes. FTC has built the MOS for clients in functions of Maintenance, Capital Management and Human Resources.
Capital Project Portfolio Optimisation and Project Execution
In resource sector companies, sustainability and growth projects form a significant portion of the annual expenditure. FTC’s Capital Optimisation Toolkit is built on the principles of Operational DNA and is comprised of a suite of tools, processes, skills and methodologies to enable organisations to manage risk and plan and successful delivery on their Project Portfolios.
A typical FTC intervention delivers immediate savings of 5-10% on the Projects Portfolio, with additional savings and improvements being delivered from efficient Project Management and Value Improvement Practices.
Performance Management
Mature organisations realise that sustainable results cannot be achieved by launching yet another ‘Business Improvement’ initiative but by building a culture of accountability on a foundation of a facts-based approach to decision making and performance management.
FTC’s approach to Performance Management focuses on the day-to-day management of Operations at all levels. It is facts-based and has a bias for action that emphasises the use of KPIs to drive behaviours, rather than operational measures. Emphasis is placed upon the clear and timely communication of information, issues and priorities to enable more informed decision-making.
Strategic Sourcing and Procurement process improvements
FTC’s experience in strategic sourcing helps our clients extract additional value from existing suppliers and service providers, as well as forming new mutually- beneficial strategic partnerships. Sourcing experts have implemented engagements resulting in savings of upwards of 20% for clients in a wide range of industries.
FTC’s approach to Sourcing is heavily tailored to factor in the challenges faced by the resources sector in South Africa including the fragmented nature of the supply industry, supply challenges, logistics issues and affirmative action guidelines that are driven by the Mining Charter.