The factory ran at a loss, demanding constant subsidies. Turns out — the money was on the shelves.

SITUATION

Manufacturing company, ≈€6M revenue. The factory ran at a loss, needed constant cash injections from the owner, the warehouse was frozen with material, the books spread across a dozen disconnected programs. Each finished product carried ~70 SKU components. The request sounded like «we need to automate». But automation is a tool, not a diagnosis — we had to understand why a product profitable by revenue was eating the owner's money.

WHAT WE FOUND AND DID

  • Procurement was deliberately over-bought — to «optimise VAT». Tax savings cost real working capital
  • Consolidated ten disconnected programs into a single accounting product
  • Rebuilt purchasing logic: from «buy more» to «buy what you need»
  • Built production and procurement planning tailored to the plant
  • Set up an SKU-level report: stock + confirmed-order demand + on-order — as basis for decisions

RESULT

Warehouse×3 smaller by volume and money
Working capitalBack in operation
OwnerSubsidies → profit distributions
Dead stockAlmost zero — recycled or scrapped
Number of programsTen → working minimum
A large warehouse isn't reserve safety or a tax win. It's company capital that has stopped working.
PRINCIPLE · 42.FINANCE
WORKING CAPITALINVENTORYERP CONSOLIDATIONPROCUREMENT POLICY