Skip to Main Content
Access your saved content
Wärtsilä Corp. is a Finland-based manufacturing company best known as the leading provider of engines and services for ships and power plants around the world.
With more than 12,000 employees in 130 offices across more than 60 countries, Wärtsilä is a major player in the global economy. The company, founded in 1834, has a market capitalization of approximately €3 billion (US$3.87 billion).
As the leader in its chosen markets, Wärtsilä is the object of great expectations.
Underpinning those expectations is the need to continue to develop the resources that enable Wärtsilä to grow and out-execute the competition.
Wärtsilä is well aware of the challenge growth can pose. In 2005, the company was heartened by promising business conditions in the shipbuilding and power plant industries. At the same time, executives were concerned that supply chain shortcomings in its Trieste, Italy, plant threatened to torpedo Wärtsilä's ability to capitalize on growth opportunities in these sectors.
Determining that it needed outside help to sort through its challenges, Wärtsilä hired Accenture. With our deep supply chain experience, Accenture was seen by Wärtsilä executives to be an ideal partner to identify ways in which Wärtsilä could build the manufacturing and sourcing capabilities critical to achieving high performance in the demanding shipbuilding and energy-generation industries.
Accenture began our work with a comprehensive assessment of three key areas of the Trieste plant's operations: production planning, purchasing/raw materials supply and organization design. The most significant shortcomings were in the supply chain planning arena. To address these challenges, Accenture reviewed all processes related to production to make them more efficient and trained and coached all personnel on the new processes and their resulting new job duties.
More specifically, Accenture institute a number of innovations that had an immediate impact on the Trieste plant's operations:
The supply chain project has produced considerable benefits for Wärtsilä. For instance, better coordination among departments has resulted in an overall improvement of internal effectiveness and ability to resolve issues quickly. Despite increased demand and problems securing supply, on-time delivery of finished products remained stable. Once new hardware and processes are implemented, the company expects to reduce engine production lead time—thus freeing up capital and internal resources. And improvement in on-time and on-quality deliveries will reduce penalties and service costs and, it is anticipated, will lead to increases in market share for Wärtsilä.
Working with Accenture, Wärtsilä has taken major strides toward mastering key supply chain capabilities. In fact, Wärtsilä reports that the supply chain project has helped the company to satisfy continually increasing demands—which is critical because Wärtsilä expects requests for engines in 2008 to be double the number in 2005. This renewed ability to keep pace with the market's needs is a strong indication that the company, with Accenture's help, is on the fast track to high performance.
Outlook from Accenture
Outlook is a journal of high-performance business.
View Latest Issue
Accenture delivers a wide range of healthcare solutions—from addressing back office functions and electronic medical records to clinical transformation and consumer engagement. Our solutions are backed by real-world experience, business and clinical insights and innovative technologies.
Insight Driven Health for U.S. Federal Healthcare Organizations
From innovating patient care at the Veteran’s Administration to developing incentives for higher quality care at the Centers for Medicare & Medicaid Services, U.S. federal health agencies are revolutionizing healthcare in the United States.
Insight Driven Health for U.S. State Healthcare Organizations
The convergence of cost pressures, healthcare reform and technology changes are redefining the landscape for U.S. state healthcare organizations.
Browse all in Health
Skip Footer Links