“With the help of American Management Services, Inc., we have put in place key tools and processes to increase our level of profitability, team performance, and the accountability of our employees. “
I would like to commend the work and efforts of your organization to Petrillo Stone Corporation over the course of the last seven months, particularly the efforts of Mike Lockey as the project consultant. With the help of American Management Services, Inc., we have put in place key tools and processes to increase our level of profitability, team performance, and the accountability of our employees. ‘
Here are some of the key items we have implemented:
*Completion of a thorough review of our labor and billing rates, overall efficiency of our technicians, and a better understanding of our cost structure in relation to those efficiencies.
*Updated flash reporting and management meetings to review and address performance against key operational metrics.
*A predetermined profit plan that incorporates our process improvements and actions for profit is in place, allowing us to put strong management focus on achieving targeted profit. Our monthly financial review now includes analysis of key variances to our plan, along with corrective actions.
*Recruited a part-time Chief Financial Officer that will assist out internal bookkeeping function in financial oversight, at a reasonable cost to use for the expected benefits.
*Took the leade in finding a business broker we felt comfortable working with, so that we can properly market the business for sale, and allow us to execute a plan to move towards retirement.
We expect the work described above to produce an incremental operating profit to our company of more than $3.2M over the next three years, an amount that far exceeds the cost of the program. Our expectations have been met in an efficient an professional manner, and we will be happy to recommend the services of your firm and your consulting team to any prospective client.
Mr. Ralph E. Petrillo
Mr. Frank R. Pretrillo
610 South Fulton Avenue
Mt. Vernon, NY 10550-5093