TRANSFORM BUSINESS OPERATIONS

We also transformed the business by:

• Standing up a Business Acceleration Division to support transformation. The division is responsible for overall strategy execution, including operational health and risk-opportunity management, as well as continuous improvement and advanced development.

• Posting Key Performance Indicator (KPI) boards across the shipyard to ensure foremen have a standard platform to communicate business outcomes and shipbuilders have a visual understanding of their progress.

Execute Efficiently is the third element of the NNSFORWARD Strategy, and it focuses on improving execution by streamlining processes based on Lean Principles and continual learning. In this area, 2022 priorities included improving material availability and delivery to construction teams.

The implementation of a control tower, a data dashboard used by supply chain professionals, aids buyers to prioritize critical material to better address at-risk purchase orders, help minimize deckplate disruption and forecast material availability. It uses predictive analytics through artificial intelligence to create prioritized alerts to predict delays. It also uses interactive visuals and drill-through features to turn data into actionable behavior. Since its implementation during the second quarter of last year, Supply Chain Procurement’s buyer efficiency has increased 16%.