Concrete Products MFG
Portfolio Company is a leading producer of precast concrete products to the utilities, bridge & box, solar, cemetery, and fabrication markets. Its new parent company seeks to create value via an initial investment in portco’s aging IT infrastructure to support current and future growth.
Background
- Large backlog impacting customer timing requirements.
- Resourcing challenges undermining growth.
- 10% growth through expansion of market differentiating capabilities.
- PE firm to create value through infrastructure modernization.
- Business Technology Pain Points:
- ERP systems segregated by location are incongruent and at end-of-life.
- IT is led by the Finance function. A managed service provider meets all IT operational needs. There is no IT.
- Production scheduling is reactionary; demand reporting is irrelevant.
- Lack of a disaster recovery plan and infrastructure redundancy; cybersecurity protocols inadequate.
Approach
- IT Current State Assessment: Assessed IT infrastructure, cybersecurity protocols, business systems, data & analytics and IT support capabilities.
- IT Future State Strategy: Detailed future state technology strategy comprising business-critical applications and IT capability priorities.
- Technology Roadmap: Documented initiative priorities, timing and “must spend” to stabilize technology infrastructure and position company to scale capabilities for growth.
- ERP Selection: Facilitated critical business requirements capture and the RFP process to vet, select and aid the contracting of an appropriate ERP system.
Results
- Improved Cybersecurity Protocols. Delivered the action plan to improve end-user protection and network security; provided vulnerability monitoring leading practices.
- Technology Management. Established technology lifecycle refresh and technology simplification frameworks.
- Modernized Business Functions. Developed the strategy to transition from an extensively customized ERP system to an industry standard platform. Facilitated the RFP process and the selection of a fit-for-purpose business platform.
- Technology Accountability. Provided guidance on the chartering of a new IT function and its design and essential capabilities.
