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Problem: Average time to hire a new employee is taking an average of 110 days.
Objective: Reduce the time it takes to hire a new employee from 110 to less than 80 days.
Results: Approximate soft savings of $12M per year.
Problem: Audits of IT Inventory have shown that an average of approximately 7% of inventory of laptops and desktops are unused.
Objective: Reduce the percent of unused IT inventory of laptops and desktops from 7% to 2%.
Results: Approximate hard savings of $3.3M
Problem: Audits of IT Servers have shown that on average at least 15% of servers are not utilized.
Objective: Reduce the number of unutilized servers from 15% to 3%.
Results: Approximate hard savings of $500k per year
Problem: Home mortgage origination was averaging over 50 days.
Objective: Reduce the mortgage origination cycle time from over 50 to 31 days.
Results: Approximate hard savings of $1.6M
Problem: Manufacturer yield was 40% instead of the planned 75% and yield shortfalls were primarily due to scrap.
Objective: Reduce scrap by over 60 % to achieve the minimum 75% yield.
Results: Approximate hard savings of $2.1M