The objective was to identify improvement opportunities in cost management and propose actionable initiatives to optimize business performance.
We proposed nine business initiatives, grouped into three categories, aimed at:
• Process management
• Performance optimization
• Enabling teamwork
Cost Control and Management
• Cost allocation guidelines/rules.
• Centralization of purchasing functions.
• Cost management. (key accounting items)
Strategic Alignment
• Strategic planning.
• Executive board presentation.
Alignment Across Business Units (BUs)
• Unified information platform.
• Key performance indicators setting. (KPI)
• Booking events based on profitability.
• Integral event management.
Pain Points
The value chain processes needed coordination and collaboration between Business
Units.
A lack of processes, management, and siloed operations causes cost variations.
High-cost variability due to the absence of standard costs.
We developed an implementation plan for each business initiative ensuring a practical and financial approach.
Qualitative Benefits
Improvements in productivity, data reliability, collaboration, clarity of shared objectives,
and facilitation of business understanding.
Quantitative Benefits
10% reduction in key accounting items through effective cost management.
