Cost Optimization Consulting Service

I speak with many C-level and senior leadership team members regarding business strategy and many divisional/business unit leadership and management team members regarding strategy execution. The concept of cost optimization and cost cutting are increasingly a part of these discussions.

Cost optimization and cost cutting are often used interchangeably and often have different meanings across an organization. They are not the same!

Cost optimization is value driven from a cross-enterprise enterprise perspective. It enables smart reductions in the cost of operations and guides tactical and strategic spending decisions. Indiscriminate cost cutting, however, typically leads to sub-optimal results.

Cost optimization opportunities are identified, analyzed, validated and prioritized in weeks rather than months!

Consulting Approach and Deliverables

Working with your team, we provide our deep business process reengineering and operational experience and expertise, including best practice tools, techniques and methods for cost optimization to facilitate high-intensity, short-duration sprints that rapidly and accurately enable the team to identify, analyze and prioritize cost optimization opportunities.

The result is a validated, prioritized set of actionable cost optimization opportunities - tactical and strategic, aligned with organizational strategy and operational goals and objectives.

Who from your team should participate?

Cost optimization typically involves a balanced mix of Subject Matter Experts (SMEs), business analysts, supervisors and managers, leadership, and other stakeholders with knowledge of the current state of the business processes to identify and prioritize strategic and tactical opportunities for cost optimization.

Related Inteq Resources

Blog Post: Efficiency vs. Cost Cutting

Blog Post: Cost Optimization: Three Essential Strategies

Blog Post: Cost Optimization Initiatives: 10 Best Practices

Training Course: BPR: Transforming Business Process Across the Enterprise