Multinational Retail company captured efficiencies of ~15 MM USD in general expenses (not personnel)
Background and identified issues
Retail company needed to boost program to seek general efficiencies
Sales growth decelerated relative to expense growth, putting pressure on corporate goals
Main actions
Based on a quantitative analysis, priority spending packages were prioritized
We worked with various executives of the organization on efficiency initiatives
Initiatives were assessed at a high level and those with the greatest impact and feasibility were deepened
Impact of the project
An Efficiency Office was created to drive initiatives and mobilize the organization
Business cases were detailed and implementation was driven, securing the capture of USD 15 MM in one year