Rethinking Cost Management
To stay competitive, retailers and consumer goods companies need to invest in dramatic cost reduction efforts in order to powerfully and efficiently propel their organization's growth. Now is the time to go beyond traditional approaches and move to smarter cost transformations where processes, incentives, and mindsets are aligned to enable successful and sustainable operations at a dramatically lower cost level. Drawing on more than 30 years of our experience, and utilizing our international team who have supported consumer-facing companies across the globe, we offer a holistic cost reduction programme that is adjusted to each client’s concerns. Whether organizations need one-off cost optimization, sustainable cost management or a full strategic redesign, our uniquely powerful and pragmatic framework for cost transformation can help businesses achieve impactful results.
Our Expertise by Cost Area
Store Operations and Labor
Our comprehensive insights into store operations, best-practice processes, and value adding services allow us to jointly design activity driven labor scheduling tools and world-class store processes. Our digital solutions ensure sustainability of programs and enduring benefits.
Supply Chain
We understand supply chain as a value driving aspect of the business. We support our clients from strategy development to operational optimization and implementation. Our customer centric digital solutions enable clients to manage the growing complexity of physical and information flows.
Recent Thought Pieces on COST REDUCTION IN RETAIL AND CONSUMER GOODS
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Oliver Wyman High-Productivity Grocery Operations How smart grocers make their stores more productive and resilient -
Insights Recovering and Rebounding from COVID-19 How retailers can emerge stronger with zero-based organization redesign (ZBO) -
Insights Beat The Cost Curve Transforming the cost base of retail and consumer goods companies had become an absolute imperative. -
Insights The Art Of Not-For-Resale Procurement Unleashing The Next Competitive Edge -
Insights Product Cost Down 2.0 For Consumer And Durable Goods How companies can leverage product cost down (PCD 2.0) to unlock step changes in efficiency. -
Insights Goods Not For Resale How much value are you leaving on the table? -
Insights The Future Supermarket How digital operations will enable a winning customer experience, at much lower cost -
Insights Why Retailers Need To Focus On Cost Step Change Many retail banks have slashed costs dramatically over the past decade by promoting digital services, closing physical branches, and taking a hard look at the activities done in head office. -
Insights The Rise And Rise Of Cost Reduction How to cut between 20 to 40 percent of costs from a retail operating model -
Insights Saving And Shrinking The Center Store: Fight Or Flight? How to keep an embattled grocery segment profitable. -
Journals Perspectives On Manufacturing Industries Vol. 14 These are turbulent times for manufacturing industries, with manufacturers everywhere around the world confronted with the threat of disruption, profound change, and an emerging recession that has already reached multiple sectors.