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Context / scope of project :
Our client was a vertically integrated
manufacturer, wholesaler and retailer of apparel,
sporting goods, beds and flooring. In a dip in the
retail cycle, our client asked us to assist them to
identify savings in their overhead costs (excluding
procurement).
Client achieved:
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$18m of cost reduction opportunities were
approved by the management team across HR, SHEQ (Safety Health Environment &
Quality), Finance, Discretionary Spend (travel, telephony, consulting, postage &
courier etc), Shipping and General Management.
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Adoption of a formal Property Policy to minimise the cost impact
of future office relocations.
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What we did
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Analysed client costs
across all overhead categories, including FTE and non-FTE
related costs
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Syndicated savings opportunities with key
business stakeholders, CFO, COO and CEO
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Developed Idea Forms for each opportunity
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Developed a formal property policy to ensure
consistency and cost controls for office relocations and other
property related issues
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Gained agreement and approval of ideas from
stakeholder group and a commitment to implement the changes
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