Business Growth
Wicked Welding
Company Profile:
Wicked Welding is a family-owned welding services company based in Dayton, Ohio. Wicked Welding offers microscopic GTA welding, laser beam welding, tool, mold & die repair welding, as well as laser engraving. They support the tooling, mold and die, medical, automotive, and aviation industries.
"FastLane's assistance has been essential to our business growth. I really enjoyed having someone who could understand
my problems, who was nonjudgmental and was available to be a sounding board to bounce ideas off of. My manufacturing growth specialist has helped me to organize and prioritize my thoughts and ideas and as a reuslt, our sales are growing and our employees are happier."
Pete Mourouzis, Owner
Situation:
Wicked Welding’s biggest challenge was stagnant sales growth due to a shrinking customer base. Sales for the past three to four years were barely keeping up with inflation. For many years, they have primarily supported an industrial tool-manufacturing base that had suffered from very slow growth. Many tool, mold and die manufacturers were barely surviving and almost all were forced to go offshore for new tooling. In the last 20 years, half are no longer in business.
Solution:
A SWOT analysis and on-going consultations have helped to create a strategic plan. Today the breadth and depth of jobs won is much wider. FastLane assisted Wicked Welding in applying for a Jobs Ohio Grant, which lead to the purchase of a larger computerized laser welder and other capital equipment, further increasing both capacity and capability while adding a new employee. FastLane led a 5S event, maximizing the use of available space and avoiding the cost and trouble of having to relocate. In addition to empowering their people by building new processes internally, it has also removed clutter, reduced excess equipment and helped to create a more professional appearance.
RESULTS
1
New Job
$40K
New Sales
$50K
Cost Savings
$110K
New Investments
