Indak Manufacturing Company Manufacturer of switches and control module assemblies for automotive and lawn and garden www.indak.com
Challenge: Loss of business to China generated excess capacity and significant losses.
Process: Profit and cash creation
Result: Increased pricing to their second largest customer by 10% and all small customers by 100%. Reduced overall operating costs by 20%. Implemented purchasing processes to reduce risk and improve inventory turns. Cash flow and profitability became stable.
Experience: “Cadent quickly understood our problems and suggested practical solutions that proved to be effective. They took the time to understand our business in depth before suggesting changes, so our employees respected their input. They have a good sense of timing, moving projects along quickly, but not so fast that it became chaotic.”
Martin Cobb, Chief Executive Officer