Cost Reduction Solutions
With impeccable experience in dealing with intricate and conventional aspects of supply chain management, CHOOLS Supply Chain and Strategic Sourcing experts are stalwarts in the domain. We customize our services for all the essential, required and requested needs of our clients.
Our expertise in the subject and our specialty in identifying the scope, finds result driven applications in the following cost reduction services:
Contingency Based Cost Reduction:
Contingency based cost reduction, steps in when internal resources necessary go missing, but the pursuit of cost reduction goals remains a priority. Not many are pro-active in investing their resources in this, concerned about the risk opting for the services up-front.
But our services are valuable add-ons, as they blend Strategic Sourcing Services through the Contingency Based Model. The resultant output has a reputation for providing profitable insights on cost savings.
Cost Reduction Audits
➤ Identifying an opportunity for cost reduction requires keen observation and effective analysis. By accessing multiple levels of the procurement operations, we strive to uncover cost reduction opportunities hidden in direct and indirect spend. Your savings won’t go unrecognised. They will be secured with strict monitoring.
Cost Reduction Case Studies
➤ The systematic management of the direct and indirect spend empowers the industries in a multi-fold magnitude. With strong ties established with your internal supply chain team, we provide valuable input in the form of real-time actionable market intelligence. Upgraded with cutting edge technologies, enhanced with best supply chain practices, our cost reduction results are assured to meet and exceed your strategic goals.
Get Savings with Cost Reduction
➤ There is a possibility of a change, in your supply chain perception, once you witness our strategic sourcing initiatives. They are more than just effective techniques for savings. By choosing to leverage our supply chain services, you can expect a significant increase in production value. It forms a strong foundation for long term strategic growth.
Profit Recovery Services
➤ An anticipated hazard in Supply Chain Management is the dreaded lost savings. Spearheading your cost reduction ambitions, our experts will meticulously audit your operation procedures, and ensure recovery of the lost profits. With our Profit Recovery Service, you will learn revealing insights on pricing errors, contract compliance issues and mismanaged shipping. Our Profit Recovery Services, along with bringing back the monetary assets, will also devise promotion of risk-averse supply chain practices for future undertakings.
Proven Cost Reduction Strategies
➤ Cost reduction is a strategized outcome of a smart man’s move in business. In between the paranoid rush among the organizations for implementing the effective cost reduction methods, we come in with our specialized category-specific approaches and savings tactics. Our optimal blending of Strategic Sourcing and Category Management which add immensely to your cost reduction requirements.
➤ The most aspired component of process improvement is the reduction of cost of goods. Most organizations aren’t successful, resulting from their flawed estimation of budget constraints and cost information. Your sophisticated supply chain operations need competent experts for spot-on analysis to identify opportunities for process optimization and cost reduction.
Savings Compliance Tracking
➤ Companies don’t just thrive with the implementation of cost-cutting strategies. They should possess the foresight to plan long term savings and compliance. Our team will monitor and boost your cost reduction undertakings. Every process is smartly managed to culminate in the maintenance of your company’s strategic value, and a mutually benefitting healthy vendor relationships.
Sales, General, and Administrative Cost Reduction:
➤ Our consulting service stands on the pedestal defined by the process of enabling companies to fulfil their aspirations with a cycle of economic growth and downturn. SG&A expense is that part of a mystery whose mismanagement forms a significant part of the cost-saving opportunity. Our pro-active responses in measurement and management of SG&A expenses will be unique for each business to attain sustainable cost reduction.
➤ Our cost reduction initiatives lead year-over-year (YOY) real P&L savings. We deliver premium quality cost reduction through our Productivity program. Productivity is calculated vs. PY cost base. It is not versus “Plan” or a market inflation rate. Productivity is reported “net” of all associated expenses which are required to execute a major initiative. Volume leverage speaks to fixed cost leverage.
➤ We guarantee you with our consulting approaches, you will be able to save 7% to 10% on cost savings on YOY basis based on your base spend.
➤ We have delivered $500mm in the last 15 years to fortune 50 organizations on Cost reductions programs.