The Urgent Need for Change and The Superior Path Forward
PRIORITY #3: ELIMINATE WASTEFUL SPENDING
PRIVET
FUND
UPG
STRONGER TOGETHER
Synalloy will have its own administrative employees; however, for certain cost-
effective back office functions we can utilize a shared services agreement with UPG
where necessary and cost effective, enabling Synalloy to receive meaningfully better
value from these services at a fraction of its current spend
Back Office
Disconnected from business vision
Internally focused
W orkload orientation
Department focus
Administrative focus
Cost center
Maintain status quo
Strategic Shared Services
Aligned to business vision
Customer focused
Performance Oriented
Process Aligned
Service and performance culture
Profit center
01.
Continuous improvement
02. 03. 04. 05.
Our Plan To
Strengthen Synalloy
Our plan can dramatically streamline corporate overhead
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