Your Objectives

Redesign your operations to:

• Reduce or eliminate cost within your organization
• Ensure effective cost management
• Enhance the overall efficiency and profitability of your operation

How We Can Help

• Help you identify areas for cost reduction or cost management
• Conduct an in-depth examination of all cost drivers
• Determine which areas are in need of change or improvement
• Focus the program by identifying the underlying cost management issues
• Develop plans and recommendations on how to address those issues
  
• Help you benchmark your costs
• Research similar organizations and identify appropriate benchmarks and "best practices" in cost management
• Measure your organization according to cost benchmarks
• Make recommendations for cost reduction based on benchmark measures


• Help you determine and implement the best cost management plan for your organization
• Define cost management approaches consistent with the business direction of your organization
• Determine where cost management processes are not effectively aligned with the desired business direction
• Develop plans on how to improve problematic areas
• Provide guidance in the development of the cost management plan

• Help you conduct cost reduction assessments
• Examine your cost reduction goals versus your present costs to determine how they measure up
• Examine all cost reduction initiatives to identify what is not working
• Examine both the long-term and short-term cost reduction needs of the organization
• Determine the difference between optional and sub-optimal cost reduction activities
• Develop ways to overcome barriers to cost reduction
• Identify ineffective or inefficient cost reduction initiatives
• Help you conduct business practice reviews
• Examine key business practices in depth
• Reexamine what is needed from each business practice and the actual output of each business practice
• Determine the most effective business practices and make recommendations for improvements

• Help you successfully implement cost reduction meaures
• Identify areas of concern or possible areas of resistance for cost reduction measures
• Document the resources and activities needed for implementation of cost reduction measures
• Ensure that effective communication has been used to make the implementation of cost reduction measures as seamless as possible
• Implement cost reduction measures, project planning and management initiatives

• Help you with measurement and tracking
• Provide tools for accurate cost reduction analysis
• Analyze data from measurement and tracking tools
• Compile and assess feedback from employees and customers regarding the new cost reduction measures

Benefit
You benefit by:

• Having a structured approach to making your cost reduction initiatives a success
• Identifying and avoiding inefficiencies in business practices
• Increasing profitability and enhanced shareholder value
• Having an unbiased, objective outside viewpoint
• Having benchmarks to measure your costs against
• Avoiding redundant or inefficient operational processes
• Ensuring that the most efficient cost management practices are in place

Our Experience
Our experience includes:

• Cost reduction programs for various organizations, for example: for a national gas pipeline utility; and for a provincial electrical utility.
• Numerous reviews of facility operations and staffing levels with a view to cost reduction
• Numerous planning studies involving the development of operating budgets

Contact us to find out more about our services in this area.