Cost Reduction
Achieve sustainable cost reduction
While most companies continue to advance growth initiatives around customer focus and innovation, enterprise cost-reduction remains among the top three strategic priorities along with cash flow management initiatives. In our 2018 Key Issues Study, 69% of companies reported a major cost-reduction initiative – up from 65% in 2017.
How do the best do it?
Most companies approach cost reduction through staff reductions and discretionary spending freezes. Eventually, market pressures make these reductions hard to sustain. Our research has found that the strongest driver of sustainable cost optimization is a strategically designed service delivery model – one that purposefully and intelligently defines how certain work gets done, where, and by whom.
Are you taking the right route to sustainable cost optimization?
With deep, practical cost-reduction experience in many environments, we can provide advice and solutions grounded in empirical data and proven practices:
Analyze
Comprehensive cost and cash-flow analysis
Compare
Business benchmarking that illustrates how top-performing companies structure and deliver key functions
Strategize
Service delivery strategies designed around the realities of your business
Plan
Road maps for reducing and optimizing costs
We can help you establish sound, sustainable cost-reduction strategies through:
Smart automation solutions
Outsourcing consulting
The result is a sustainable approach designed for competitive advantage – in good economic times or bad.
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Featured Insight
2020 Disrupted: Defend Your Financials and Prevail in the Next Normal
As you navigate the next normal, every company must balance costs for different revenue scenarios with the right financial gearing for the new economic reality. The typical company needs to reduce SG&A by 15%, which translates to $241 million in expense savings, to maintain their pre-crisis ratio of SG&A to revenue.
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