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Strategic Cost Management Services
Spend smartly by reducing cost and optimizing spend….every cent counts!
All you need to do is open your browser or news outlet to see clear evidence of our rapidly changing market conditions. The ability to reduce operating costs is increasingly becoming more and more difficult. The ability to tame this beast has never been more important than it is today!
Our strategic cost management services enable leadership teams to reduce expenses in categories that maximize, and harmonize spend in areas that drive sustainable future growth for years to come.
While typical traditional approaches to cost reduction focus on the top spend Suppliers, that does not necessarily help for the long term and does not take into account potential market volatility . These tactics are generally reactive in nature and focused on “hair-cutting” across the organization. While these initiatives deliver potentially in-year savings (in quarter/year results), they are not sustainable as they don’t take into account what the future of the market nor organizational needs are (future-proof).
Our approach utilizes some of the following techniques:
Category market evaluation techniques.
How to build relationships with your Supply base.
Understand your spend habits and highlight potential areas of leakage.
Techniques on how to gain and build traction with your business owners.
Gain a deep understanding of your environment, costs, drivers, as well as your objectives for the short and long term in order to establish a category roadmap which is measurable.
Promote category ownership through assisting in drafting of strategic category plans across the enterprise.