Independent business review and drafting of a restructuring plan for a supplier to the offshore market
Since the decline of the oil price in June 2014, this company - which is a supplier to the offshore market - was facing a strong downturn. Beaufort was requested to draw up an IBR and a restructuring plan including a reassessment of the strategy and the formulation of different scenarios. The key elements of this plan were a re-evaluation of the strategy, upgrading of the management information system, a focus on sales, validation of a cost-cutting program and bundling of activities on fewer locations with accompanying scenario calculations. Subsequently this plan was executed with positive results.
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