China's economic development has now entered a slower phase after years of rapid growth. While this slow-down has become the new normal, it has established the need for manufacturers to shift from adding capacity to finding efficiencies and fully utilizing their assets. Manufacturers have worked hard and found ways to reduce costs but are still challenged to find more ways to improve profit. While this P&L objective is clear, the big question is "how to achieve it?"

During the last few years of working with China manufacturers, we have observed that 80% of efficient manufacturing companies overspend significantly on maintenance and most maintenance teams are not equipped to recognize this spending. It must be frustrating for senior management to have leaking profits buried so deep within their organization they can't resolve them.

Leadec have seen many manufacturers work hard to improve their cost of production, while missing a significant opportunity in equipment and machine maintenance. Leadec decided to help manufacturers fill this gap through Leadec's Cost Consulting Service and the Leadec Cost Health Check.

Session Key Points

• Cost saving
• Health check
• Maintenance
• Digital