JOURNEY TO SUCCESS

Double R&D provides productivity solutions, from the analyses of the opportunities (phases 1-3) to the implementation of the projects (phases 4-7). The fees for phases 1-3 are fixed and charged as a regular audit engagement. Fees for phases 4-7 are variable and mostly based on achieved tangible results.

◼ Phase 1 – Process Audit:

In this phase, the client and Double R&D will define which processes need to be audited. The audit starts with a questionnaire where the client’s technical personnel describe the processes in detail and cost structures are analyzed. The cost structure of the past 12 months will be studied including information regarding energy consumption, materials and product shrinkage among others.

◼ Phase 2 – Feasibility study:

A remote in-depth deep dive into processes with client’s technical staff to broaden the understanding derived from the audit in phase 1 with the goal of identifying opportunities to improve efficiencies.

◼ Phase 3 – Recommendation and proposal:

We will conduct a field trip to production facilities to validate data received in the questionnaire as well as to identify potential savings opportunities not apparent from the questionnaire or technical discussions. Then Double R&D will present to the client a menu of projects needed to accomplish the identified savings and capacity improvements as well as the capital needs to implement each of them and the potential payback time. The recommendations will lay out, in detail, the productivity targets focusing at this stage more on WHAT can be achieved rather than the HOW to achieve it. Ultimately, the client will be able to choose which array of projects they are going to pursue.

◼ Phase 4 – Contract terms:

Double R&D and the client will contractually agree on the framework and high-level cost-saving metrics among others, and more importantly, determine the fee structure for the project based on potential tangible savings.

◼ Phase 5 – Technical Execution Document (TED):

A TED will be issued for the agreed projects. The TED will establish the reference point to compare against the world standard benchmarks, and the target levels to achieve. Furthermore, the TED will present the potential savings goals, the enhanced production metrics, the estimated necessary investments and the targeted return on investment (ROI) and payback time. In terms of project execution, the TED will explain in detail the project management methodology on engineering phases, materials and equipment selection, installation, start-up operations and detailed approach to measure costs savings. The TED will include a detailed timetable showing how capital would be deployed over time.

◼ Phase 6 – Project management:

Double R&D will manage all project stages. For best results and to ensure maximum efficiency the client will designate a team with intimate knowledge of the projects, maintenance and operations to work hand-in-hand with Double R&D in execution and implementation. All steps and details of the engineering, execution, investments, start-up operations and productivity measurements will be discussed and shared with the client implementation team. The client will provide the investment funds and the necessary personnel on a timely basis to ensure an efficient execution of the project under the TED´s timetable schedule.

◼ Phase 7 –Control and savings measurement:

The productivity measurement approach will be detailed on the TED. The measurements will be recorded monthly once a particular project is executed and it is up and running. Double R&D recommends an audit be conducted at least every three months of costs and technical metrics to monitor savings derived from the projects. Most of Double R&D’s fees will be based on the results of the audits as agreed on the contract terms of phase 4.