NEWS UPDATE


• • • • STOP PRESS • • • •Lexion saves B Hepworth money• • • • STOP PRESS • • • •


Lexion Consulting - News


"It took the expertise of the Lexion team to deliver what we had only dreamed of.  We were presented with indisputable data, detailed planning and key performance measures to ensure the success of the implementation programme ... We have engaged Lexion for a further period, to improve our back office functions." 

CEO of international gas detection equipment manufacturing company

News

Lexion News

 

January 2013

Lexion delivers savings of 32%!

Lexion delivers savings of 32%


April 2012

Teaching Hospital saves £6m annually!

Acute Trusts are squaring up to the challenges of financial planning for next year and are in the process of developing Cost Improvement Plans or CIP's aimed at meeting stretching goals and delivering more for less in terms of a superior patient experience and value for money.  Tariffs are being squeezed and do not always fully recover cost increases. This means that there have to be cost and revenue recoveries to achieve financial balance year on year.

Lexion Consulting has deep experience with acute trusts seeking to identify and take advantage of significant latent opportunity within organisations like these. Trusts, such as the large teaching hospital in the south of England that was struggling to find the last £5 million of a £25 million financial deficit.

Despite their best efforts, a number of clinical and non-clinical departments needed help to develop acceptable CIP's. The teams, facilitated by Lexion and drawing upon Lean and Performance Management concepts, together quickly established a strong evidential base pinpointing the "what, where and how much" of the CIP's. They then went on to develop robust action plans that achieved a £6 million in annual recurring benefits.

This is only one example of many applied in a variety of clinical, clinical support and non-clinical situations. While for some it may be difficult to believe, in our experience step improvements of 20% to 30% are achievable quickly, with the greatest potentials being in clinical areas such Inpatients, Outpatients and Theatres, specifically the effectiveness of Consultant Job Planning and patient pathway management.

Please contact us if you have potential needs in the areas discussed.


March 2012

Lexion saves Midlands based manufacturing company over £100,000 p.a.!

“B. Hepworth utilises Lexion Consulting Cost Management Division to accelerate and deepen their continuous improvement and cost savings”  Jonathan P. Eddy, Chief Executive

Lexion HepworthClient: B Hepworth & Co Ltd.

Profile: B. Hepworth is a privately owned manufacturer of windscreen wiper systems for the marine, rail and commercial industries. Hepworth has over seventy years of experience specialising in the design and manufacture of performance window wiper systems. The majority of their manufacturing is exported to over fifty countries around the world.

The company is a model for UK manufacturing with a strong brand associated with technical leadership, high quality and service excellence that has resulted in high market share and continuous growth despite the world recession.

B. Hepworth constantly focuses on continuous improvement in all areas. Peter Jewell and Colin Stewart have worked with Jon Eddy on different projects over the last ten years. When Jon the CEO and Bob Smith the MD discussed the Lexion results oriented, no win no fee approach, they asked Lexion to deepen and accelerate the improvement process and specifically to audit a number of cost categories with the goal of making savings, while maintaining the required service profile. The company is committed to a “Lean” approach to maximising customer service and minimising waste and cost. Lexion project managed one very successful high spend project aimed at partnering with an industrial consumables supplier that could deliver cost savings while applying a consignment stock “Kanban” system.

Overall to date the results are exceeding expectations.....

“Lexion gave us the opportunity to apply a professional purchasing approach to many costs in the business that together constitute significant spend, but individually are not always given the attention they require. Lexion have worked well with our people and we are very happy with the results to date. Of course it’s a bonus that we only pay them when we achieve bottom line savings!  It’s always interesting to calculate just how much more we would need to sell to contribute the same amount of extra profit but, even if the audits concluded that there were little or no savings, I view this as valuable confirmation that we are maintaining the competitiveness that will secure our success in the future”.

To date the annualised savings are over £100,000.  Further cost categories with a spend of £250,000 are to be audited during the first half of this year.

Click here to download a pdf of the Hepworth Case Study.

• Pic left to right: Colin Stewart, Lexion Consulting, Jonathan Eddy, B Hepworth & Co. Ltd, Peter Jewell, Lexion Consulting


March 2012

Lexion bludgeons a big score for Worcestershire County Cricket!

Worcestershire County Cricket utilises Lexion Consulting Cost Management Division to accelerate and save money and get more for less.

Lexion WCCCClient: Worcestershire County Cricket Club

Profile: Worcestershire County Cricket Club is a division one championship side that has in the past struggled to maintain a sound financial footing. The Club has also embarked on a growth strategy to reconstruct part of the ground alongside a new hotel, this will enhance to income potential of the club’s operational business.

The Club has made some strong financial decisions to drive down costs to improve their profitability and are focussing on financial, operational and revenue improvements. To this end David Leatherdale CEO and Chris Smith FD have been working with Colin Stewart of Lexion to deepen and accelerate the improvement process and to specifically audit a number of cost categories with a goal to making significant cost savings, whilst maintaining the required service profile. Lexion focussed on the overhead areas while the senior management have been very successful on the direct costs and increased revenue.

Overall to date the results are exceeding expectations.....

Chris Smith said “Lexion gave us the opportunity to apply a professional purchasing approach to many costs in the business that together constitute significant spend, but individually are not always given the attention they require. In addition to a powerful procurement process, Lexion used their legal expertise in some tricky areas to deliver benefits, but it’s been a team effort and Lexion have worked well with our people.  We are very happy with the results to date and of course it’s a bonus that we only pay them when we achieve bottom line savings!”

To date the annualised savings are £60,000.  Further cost categories with a spend of £80,000 are to be audited during the first half of this year.

Click here to download a pdf of the WCCC Case Study.

• Pic left to right: Colin Stewart, Lexion Consulting, David Leatherdale, Worcester County Cricket Club