Elliott Davis was asked: “What are the risks with our planned IT investment, and will it help meet our strategic business objectives?”
Context
- Full-service Chemical company supporting custom development and manufacturing services as well as delivery of internal product lines
- Processes were extremely manual, without standardized workflows managed by chemical ‘recipes’ stored in paper binder
- IT outsourced with limited alignment to corporate and business objectives
- Based on interviews, Elliott Davis engaged to support these project tracks:
- Identify how IT can effectively improve manufacturing processes, including delivery times and earnings
- Evaluate IT operations to identify areas of potential improvement
- Provide project management
Our Approach
Track 1: IT Investment Evaluation
- Assessed solution costs, labor, hardware, and software
- Performed viability analysis of provider and its competitors
- Provided return on investment analysis and input into solution implementation plan
Track 2: Assessing IT Performance
- Evaluated current state IT including strategy, people, processes, and technology
- Performed benchmark of IT spend
- Assessed environment cybersecurity and compliance gaps
Track 3: Project Management
- Integration of Enterprise Resource Planning (ERP) system and data historian database
- Installation of new server and Wi-Fi infrastructure
- Managed and coordinated pace and costs associated with three different software/ hardware solutions
Customer Impact
Track 1: Moved from paper binders to tablet with real-time feed to ERP system
- Immediate improvement in quality assurance testing- delivery, speed, and results
- Improved on-time delivery and real-time inventory management
- Reduced rush delivery costs
- Realized ability to grow without limited headcount investment
- Ability to identify cycle time issues immediately, vs. in 4 to 6 weeks
Track 2: Scorecard of results delivered, including detailed analysis and recommendations
- Identified areas of highest risk in IT operations and delivery
- Developed series of short-term and long-term recommendations and focus areas based on planned IT investment
Track 3: Project Management
- Project completed on time and within budget!
We Can Help
For more information on how Elliott Davis can assist you and your business, contact a member of our team.
The information provided in this communication is of a general nature and should not be considered professional advice. You should not act upon the information provided without obtaining specific professional advice. The information above is subject to change.
“Elliott Davis" is the brand name under which Elliott Davis, LLC (doing business in North Carolina and D.C. as Elliott Davis, PLLC) and Elliott Davis Advisory, LLC and its subsidiary entities provide professional services. Elliott Davis, LLC and Elliott Davis Advisory, LLC and its subsidiary entities practice as an alternative practice structure in accordance with the AICPA Code of Professional Conduct and applicable law, regulations and professional standards. Elliott Davis, LLC is a licensed independent CPA firm that provides attest services to its customers. Elliott Davis Advisory, LLC and its subsidiary entities provide tax and business consulting services to their customers. Elliott Davis Advisory, LLC and its subsidiary entities are not licensed CPA firms. The entities falling under the Elliott Davis brand are each individual firms that are separate legal and independently owned entities and are not responsible or liable for the services and/or products provided by any other entity providing services and/or products under the Elliott Davis brand. Our use of the terms “our firm” and “we” and “us” and terms of similar import, denote the alternative practice structure conducted by Elliott Davis, LLC and Elliott Davis Advisory, LLC.
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