Case Study: Global Medical Device Manufacturer achieves $60M in annual savings with L.E.K. Consulting

a global medical device manufacturer triples EBITDA and unlocks 30% more cash with LEK Consulting

The customer, a global medical device manufacturer, faced stunted post-pandemic demand and compressed margins. They engaged LEK Consulting to perform a cost optimization assessment, with a focus on manufacturing, procurement, and working capital, to return to profitable growth.

LEK Consulting identified opportunities in manufacturing strategy, indirect procurement, and working capital. The solution included a nearshoring strategy study, a Rapid Sourcing Diagnostic for indirect spend, and a Rapid Working Capital Assessment. This delivered $60 million in annual cost savings, tripling EBITDA, with 40% of savings from procurement and a 30% increase in cash.