Modine faced challenges related to complexity and inefficiencies across some lines of business, which constrained growth and caused performance inconsistencies across multiple quarters. The company sought to address these issues by simplifying operations, identifying key focus areas and refreshing strategy for different business segments. It required an experienced third-party advisor to analyze gaps and opportunities and operationalize a plan that supported those objectives.
To address Modine’s goals and pain points, BDO’s Management Consulting practice leveraged its 80/20 business operating system to support value creation through simplification and focus. The process began with a baseline assessment, followed by roadmap creation and execution support. Once the business was simplified, BDO aligned and optimized the organization’s value chain to the new focused operations.
As a direct result of the BDO engagement, Modine imbedded 80/20 into its operating framework which helped generate strong growth in target segments. BDO also provided consulting services that supported the company’s ability to achieve its specific goals, including:
Accelerating the benefits from 80/20 actions is supporting transformation and progress towards long-term targets; strong Q1 results have led to upward revisions to full-year earnings outlook.
President and CEO, Modine
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