The Urgent Need for Change and The Superior Path Forward
TRANSITION PLAN: REDUCE LOW-RETURNING
SG&A SPEND
$ in millions
Corporate Overhead
Review Key HR Employee Contracts/Agreements
Evaluate Organizational Structure and Reporting Relationships
Identify Actual Need of Corporate Services
Sell Private Plane and Eliminate Ongoing Cost of Ownership
Measure Current Services to Subsidiary Needs
Create a Challenge Group for Corporate Needs vs. Wants
Sourcing Review and Bid of ERP and IT Services
Competitive Bid Treasury, Debt, Legal, Audit, PR and Banking Services
Drive a High Performance Culture and Implement Results Based Compensation
Implement Co-op based Insurance Structure.
Manufacturing Support
PRIVET
FUND
Initial Packaging and Conversion Cost Objective Analysis
Facility Maintenance Plan and Cost Review
Focus on Delivering Transparent Data Above Everything
Cross-Functional Communication Improvement (Finance vs. Plant)
Internal Customer Service Improvement (i.e. Cost Avoidance)
Purchasing Integration Team Identified
Implement Utility and RET Hedge and Appeal Process
Elim in ate Mismatched Plant-Level Incentive System
MRO Global Contract for Services
Launch Communications Plan
UPG
STRONGER TOGETHER
EBITDA
Opportunity
$4.4
$2.4
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Week
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Our Plan To
Strengthen Synalloy
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