Cost Reduction

Reducing unnecessary cost, while maintaining operational excellence, is challenging but achievable with the right methods. But to truly make a difference, effective cost-cutting strategies should be focused and precise.

At dss⁺ we treat cost reduction as an aspect of operational improvement. The aim is to generate value for your organisation, not to slash costs indiscriminately.

All expenses build up for a reason. Reducing or eliminating them requires the systematic identification of where costs move out of line, an understanding of why the costs exist and the risks of cutting it.

The good news is that getting the job done effectively doesn’t need to be a drawn-out exercise. In a few weeks, our management consulting teams can typically identify most cost reduction opportunities, ensure the risks are managed, develop appropriate implementation plans, align your key stakeholders, and improve or expand processes and behaviours to ensure that lower cost levels are sustained.

Managing the risks and benefits of cost reduction

dss⁺uses a cost diagnostic process based on extensive experience to identify the best route for your needs. It includes clear deliverables and an in-depth improvement roadmap, developed jointly with you. The process has five distinct phases which are generally completed over a period of 4-6 weeks:

Communication with teams and sites

This ensures there is clear alignment on objectives and approach.

Determining the fact base and spend baselines 

This builds a strong plan for each area.

A comprehensive analysis of the status quo

Based on interviews, workshops, site visits and data analysis we get a clear picture of your current footing.

Prioritisation of cost improvement opportunities

This is combined with identification of necessary changes to the Management Operating System to achieve goals.

Creation of a cost improvement roadmap 

This is endorsed by senior stakeholders so that there is buy-in from decision-makers.

We prioritise quick wins to improve your position swiftly. Then, we follow that up with more complex cultural and behavioural improvements for process excellence. We have a clear method for managing ideas through the implementation pipeline so we can clearly track and deliver savings for you.

dss⁺ works with you side-by-side to unpack your costs and find what will work in your business. We bring the tools, processes, experience and technical expertise to cut through the cost challenge you are facing. All while building problem ownership and capability among your people. The bottom line: when we finish, your organisation will have the tools and behaviours to ensure your bottom line stays healthy, long-term.

What can the dss⁺ cost reduction process achieve for you?

Clients who have worked with us see a wide range of benefits, including:

Opportunity assessment: A clear overview of cost reduction opportunities and their impact.
Shared purpose: Alignment around a common goal for maximum success.
Implementation with rigour and collaboration: A project executed in a highly collaborative and supportive style.
Actionable ideas: Processes that identify cost saving ideas, assist with implementation, and promote lasting benefits.
Uncompromising results: Rapid and tangible results that don’t put operations, people, or production at risk.
A stronger bottom line: Truly sustainable cost reduction, so your results carry through for the long-term.