682 words, 2.5 minutes read. By Gerard Blokdyk
Cost Reduction Strategy 1 big thing: Implement improvements to reduce costs or inventory while maintaining Fill Rate performance.
The big picture: Safeguard that your personnel ensures optimal balance between value for money and cost savings is achieved, while ensuring quality and good (internal) customer service.
Why it matters: Implement process improvements in all phases of the source-to-pay life cycle, supplier rationalization, volume aggregation, needed vendor programs, product/service requirements and demand management to reduce supplier costs and proactively manage third party related risks.
How it works: Make sure your staff manages policy deployment in the areas of Lean Manufacturing techniques, quality, cost reduction, complete and on-time delivery, safety, (internal) customer satisfaction, employee relations, visual controls, and plant performance measures.
Yes, but: Act as team leader for annual capital and operating budget preparation/submission along with appropriate variance analyses and other supporting details with priority.
State of play: Interface so that your process facilitates development of project delivery practices that are well-integrated with other departments and provide value through improved quality, collaboration, (internal) client satisfaction, and cost reductions.
What to watch: Act as Scrum Master for one or more Scrum teams, providing a learning environment to deliver business value (OR) Serve as Scrum Master for multiple teams with a focus on promoting Agile values and practices as well as a culture of continuous improvement.
Between the lines: Warrant that your process participates in assessment, design, and implementation activities, which may involve (internal) client meetings, observations, data collection and analysis, operational tactical work, etc.
What they’re saying: “Be certain that your operation is responsible for the development of the cost and work breakdown structures that convert the estimating data into a work breakdown structure, cost and revenue control, forecasting, reporting, scheduling resource planning systems, change management and basis of quantity management.“, Manager, Voice Cloud Operations
What we’re hearing: “Provide (internal) customers with insights and analytics which identify and categorize investment profiles to prioritize opportunities to lower total cost of ownership and/or reduce risk.“, Technical Product Manager
The backdrop: Develop and maintain summary of shipping costs for each project and work with Supply Manager and Project Managers on cost reduction and cost avoidance.
Under the hood: Provide advice on which security tools to pursue that have to be innovative, provide cost savings, reduce complexity, may better meet compliance or provide benefit to your organization.
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On the flip side: Proactively identify areas in which efficiency can be improved, automation implemented, and costs reduced where there is IT involvement; review and recommend software, systems and policies, and/or develop solutions to address.
The bottom line: Develop strategies and functional best-practices improving (internal) customer service levels, reducing operating costs and creating departmental efficiencies through technology enhancements including ERP platforms.
What’s next: Safeguard that your process is monitoring product platform cost, establishing platform and specific base product cost reduction targets, monitor progress towards targets by factory.
ICYMI: Ensure you do this by helping them better source and manage the vendors, and revenue cycle strategy, to reduce cost, improve performance, enhance transparency, and correct issues.
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Henkel, Magnum Hunt Staffing, Zacks Investment Research Inc, Insight Global, Concentrix, CTEC, Aurora Innovation, Pax8, WellSky, AutoZone, Tabula Rasa HealthCare Group, Dexcom, Stetson University, BASF, Pearson, Cree Wolfspeed, Blue Origin, Hexagon US Federal Inc, Pratt & Whitney, Cobham Mission Systems, thyssenkrupp Materials NA Inc., Visioneering, Inc., Diagnostic Solutions International, Triumph Group, RUAG, MetalTek International, SpaceX, PCB Piezotronics, Inc., Echodyne, GSK, Envigo RMS, Virginia Credit Union, Sesame Workshop, Poppin, Fandom, The Estée Lauder Companies, Victoria’s Secret, NAACP, Cytiva, Jane Technologies, Univision communications inc, John Deere, Mayo Clinic, Mythical Games, Bitfury, Chainlink Labs, Card Corporation, SpyCloud, Robert Half, Ascendis Pharma, Zip, DraftKings, FUJIFILM, Specialized Bicycle Components, Bella, theScore Inc., Saks Off 5th, Shift4 Payments, United Veterinary Care, OneOncology, Nextech, Greenway Health, NextGen Healthcare, Pomona Valley Hospital Medical Center, Panorama Eye Care LLC, Prairie Animal Hospital, Centers For Advanced Orthopaedics Llc, First Physicians Group – Sarasota Memorial Health Care System, Lexicon, Premier Health Care Inc, Animal Medical Center of Austin, Heartland Dental- Detroit, Michigan, Methodist Health System, MyPath Support Services, ezyVet, AdventHealth Medical Group West FL, Envision Healthcare, AmeriVet Partners Management, Inc, Neumayer Tekfor Rotenburg GmbH, Twelve, Meta, AKCEA Therapeutics, Armstrong World Industries, Minaris Regenerative Medicine, LLC, Grace Health, Dow, Beam Therapeutics, Lloyd’s Register Group, Trans Ash, Care Resource Community Health Center, State of Idaho, Roy Jorgensen Associates, Inc., AccruePartners, Singer Vehicle Design, Ashfield Healthcare Communications, Hill Holliday, Rally Health, Amyris, Inc., Peter Millar LLC, Israeli-American Council, Snipes, Cognitive Capital, Two Sigma Investments, LLC., BroadwayTechnology, Hudson River Trading, WalkMe, Doma, OppFi, Paysafe Group, AmSurg, Discover, Freddie Mac, The Chemours Company, Ferring Pharmaceuticals, Inc., Los Alamos National Laboratory, Careers at Paxful, Sapience Analytics Corp, Avanade, Georgia Department of Public Health, Rio Tinto, Stratas Foods, Linnworks, Eli Lilly, Epredia, General Motors, Virginia Dept of Health Professions, UBS, Paragon 28, Inc., DC Water, ABS, EnTrans International, TENICA and Associates LLC, Messer Americas, Maginot Support Services., Y-tec Keylex Toyotetsu Alabama (YKTA), Pacific Seafood, CJ Logistics America, LLC, NEXT Trucking, Novelis Corporate HQ, Ryder System, Morrison Express, Marcus Theatres Corporation, Tiffany & Co., MURAL, PREMISE HEALTH, SCRRA/Metrolink, Cordis US Corp, ON Semiconductor, Freudenberg Medical LLC, SYNTEGON, Interpublic Group, Marqeta, Alloy, PTI, Jumio Corporation, Sift, IHS Markit, ANZ Banking Group, Leumi USA, World Fuel Services, Aspen Skiing Company, Nextiva, MachineZone, SkyART, Summer Search, City of Philadelphia, Friendship Place, Public Health Management Corporation, East Harris County Empowerment Council, Richmond Behavioral Health Authority, Tyler Technologies, Inc., Qure4u, AllianceChicago, International Justice Mission, Laticrete International, Raytheon Missiles & Defense, Nexient, Cubic Corporation, Davis Defense Group, Barbaricum, Fairbanks Morse, Air-Sea Forces Support, Del Rey Systems & Technology (Del Rey), Denso North America, WarnerMedia, Madison Square Garden Entertainment, Boll & Branch, Hillsborough County, Florida, Assurant, Ursa Space Systems, Maine Technology Users Group, Performance Food Group (0900), Dizzion Incorporated, Janus Henderson, Intertrust, Accelya, The Enrollment Management Association, Mutual of Omaha, OFX, Rodan and Fields, LLC, Circle, Crowe, PwC, Harbor Freight Tools USA, Inc., Baker Tilly US, LLP, IBA, SWCA Environmental Consultants, Conservation Legacy, Lingraphica, Talend, AFC Franchising, ERM Group, Qapel Medical, Fairfax Behavioral Health, Rabobank, GitLab, S&P Global, Atlantic Broadband Finance, LLC, ProSource360 Consulting Services, Munters Corporation, AvantStay, NetApp, Tray.io, Bankers Financial, ByteDance, Stage CMDR, CBI Remote, Wonderlic, Grubhub Holdings, Inc., LeanIX GmbH, Degreed, OpenTable, Profitero, Buy Box Experts, Cohesity, NJ Transit, Cresta, Ethos Life, Instructure, Royal Caribbean Group, Illumina, RoundPoint Mortgage Servicing Corporation, Epsilon, SNI Technology, Sealed Air Corporation, National Digital Inclusion Alliance, LMI Aerospace, Trellis Company, The Money Source (TMS), Calero-MDSL, NR Consulting LLC, Allstate Floral Inc., UW Credit Union, Revolut, Aston Carter, Magellan Health, Liquidia Corporation, LTCG, Cross River, Ent Credit Union, MSU Federal Credit Union, STCU, SECU Credit Union, First Entertainment Credit Union, United Heritage Credit Union, Erno Laszlo, Acquco, Ada Inc., Contentful, ActiveCampaign, Mighty Networks, Orchard, Miro, Deliverr Inc, dotdigital, Infometry, Questionmark, County of Contra Costa, California, Help At Home, Performant Financial Corporation, Mission Lane, Kellogg Company, Shogun., Quad, Lucasfilm, Lovesac Company, Minted, Centerline Digital, Sigmund Cohn Corp, Integral Staffing, Axon, Adtalem Global Education, Make-A-Wish Foundation of America, Clockwise, Catholic Community Services, Sumaria Systems LLC, Genus PIC, Pizza Hut, Restaurant Supply Chain Solutions, Unilever, CitizenLab, Michael Page, Nielsen, US Department of State – Agency Wide, YouTube, Metropolitan Transportation Commission, AMC HEALTH, Metropolitan Transportation Authority, Blue Cross Blue Shield of IL, MT, NM, OK & TX, United Way, CSG, MSD, AMCHealth, Mary Kay Inc, LEMG, Evonik Corporation, Tribalco, Resources For Human Development, Inc., Vigor, LLC, Working Families, Sonder, Birmingham Jefferson Co, The University of Chicago, Verisk, LaBella Associates, Trinity Health – IHA, Johns Hopkins Health System, Holder Construction, QinetiQ Inc., Attentive Mobile, New Balance, World Vision USA, USG, Krispy Kreme, Blumira, Telos Corporation, Nuspire, LLC, HEROIC Cybersecurity, Rapid7, Lumeris, MGM Resorts International, deepwatch, inc., EchoStar, Anixter, SecureStrux LLC, Danaher Corporation, Mizuho OSI, Cybereason, InsideTracker, Redhorse Corporation, Babylist, Kelly, Tri-State Generation and Transmission Association Inc., CohnReznick, DMI, Dicerna, System One, City of Chicago, Habitat for Humanity, Maryland Department of Transportation, US Federal Aviation Administration, Capital Farm Credit, Federal Reserve Bank of Minneapolis, City of Boulder, CO, Lawrence General Hospital, AmeriHome Mortgage, IDC, Jarvis Property Restoration, Rain Instant Pay, PFF, Haemonetics Corp., SWM International, ITG Brands, A Place for Mom, Vorys, Sater, Seymour and Pease LLP., MAHLE Behr Troy Inc., Bionic Solution, SquareTrade, HomeX, Check Point Software Technologies Ltd., Waterworks, Mobis Technical Center of North America, Flipboard, Moss Adams, Brambles Group, SAI Global, World Bank Group, Ameresco, Snowflake, Pride Global, Chainalysis, ATP, PropelPLM, Nexthink, Quantcast, Civis Analytics, ELEMENTS Global Services, Four Winds Interactive, Formlabs, Knowde, Saltmine USA Inc, GE Digital, Navigate360 Llc, CheckAlt, gpac, Collibra, Hire Integrated-Salt Lake City, Poppulo, Spirion, Thrive Operations, CoreLogic, Nuance, DebtNext Software, Origami Risk, Tango Card, Upbound, Discovery Education,Inc., everC, Carestream Dental, Carestream Dental LLC, Blaze Solutions Inc., Taulia, Tremendous, Provi, Nintex, IDology, Acronis, Integral Ad Science, Fidelis Cybersecurity, SquaredUp, Anova, Blueshift, Cybrary, CentralLogic, S S WHITE BURS INC, BioCatch, PSG, a Dover Company, Calabrio, Littelfuse, Chameleon Technology, Optoro, DonorSearch, Prometric, Merkle, CECO Environmental, Pilot.com, SailPoint, ReliaQuest, LLC., Mira Labs, CLEAResult, Aeris Communications, MyCase, Camera IQ, Justworks, Agilence, Right Networks, LetsGetChecked, 75F, Recast Software, RJ O’Brien, Amazon Retail LLC, Mintel, Blue Cross and Blue Shield of North Carolina, Design Within Reach, Brightstar Corp., Cotiviti, Inc., Broward College, Blue Shield Blue Cross Association, Pine Park Health, VeilSun, Inc., BC in the Cloud, RedMane Technology, Cupix, SCALABLE Network Technologies, Stantec, Redwood Credit Union, Better Mortgage Corporation, Harrell’s, LLC, Envolve Pharmacy, Aleut Federal, Teck Resources Limited, Hana Technologies, Inc., Serigraph Inc., Therma-Tru Corporation, Graham Packaging Company, YAZAKI Europe, PSI Molded Plastics, Pasona N A, Inc., Fuyao Automotive North America Inc, MAHLE, SGL Group, Piston Automotive, Dometic Corporation, Autoneum Management AG, Continental Structural Plastics, DAEHAN SOLUTION, Trillium Interim Staffing Inc, Electromac, Proper Group International, American Axle & Manufacturing, Minth North America, Legrand AV, Figeac Aero North America Inc, AMP – Auto Motive Power, Oliver Companies, ACTIA Corporation, PKC Group, Hyliion Inc, Transtar Industries Inc, Keter US, Intevac, Savers, AvalonBay Communities, OnlineMedEd, Green Acres, ButterflyMX, Strayer University, DC Public Charter School Board, Walton Enterprises, Neighborly, Pie Insurance, Insureon, Edify, Washington Gas, Gensler, Live Oak Bank, Lemonade Insurance Company, SRC, Inc., MassMutual, Goby Inc, On Top of the World Communities, Southern Oregon University, Perch, Dasan Zhone Solutions (DZS), DZS INC., PVS Chemicals, Costa Farms, Office Depot, Bed Bath & Beyond, Relation Insurance, THE GOOD SAMARITAN HOME, INC., TradeStation, Mercury — Banking for Startups, Housing Opportunities Commission of Montgomery County, Eastside Food Cooperative, Bling, HonorHealth, Akeyless, TEDS, INC., Ruby Receptionists HQ, Electives, Kimetrica, Square, Junior Achievement Big Bend, Mitchell Lewis and Staver Co., TechTown Detroit, Amélie, Merieux NutriSciences, Research Foundation of The City University of New York, DS Smith, Entek International LLC, Kelsan, Inc, Molson Coors, Trek Bikes, Shelf Engine, Howmet Aerospace, Dwelo, Plex Systems, Kapco Inc, Ukpeagvik Iñupiat Corporation/Bowhead Family of Companies, Soldier Logistics Group, Diversified Technologies, Inc., Goodwill TalentBridge, Case Snow Management, Georgia Highlands College, Novaspect, Inc., NCC Group, Ceridian, Plug Power Inc, US Social Security Administration, Merck KGaA Darmstadt Germany, Montgomery Marriott Prattville Hotel & Conference Center at Capitol Hill, Crawford Group, General Beverage Sales Co. Milwaukee, Indeck Power Equipment Company, NetSPI, LLC, WSP USA, Bloomerang, Cyxtera, DeKalb County, GA, Qlik, The Connor Group, Cars.com, Global Indemnity Group, Ingrooves, Knock, KOWA PHARMACEUTICALS, GLG, DecoPac, Farmers Insurance Group, f5, City of Houston, TX, Connection, Inc., Connection, The Queen’s Medical Center, Retail Business Services, Blue Cross Blue Shield of Louisiana, CRST The Transportation Solution, Inc., Lyra Therapeutics, Inc., Lubrizol Corporation, Miltenyi Biotec, Inc., GenesisCare, USA, GWC Warranty, Busey Bank, Betterment LLC, Shipwell, Vericred, Boulevard, HackerRank, Rhino, OpenSesame, Advantage Resourcing, US DHS Headquarters, Mux, AIDS Healthcare Foundation, G2 Ops, Inc., La Jolla Logic, PBS Engineering and Environmental Inc., Hoskin Ryan, Westwood Professional Services, KEITH, EDB, Rockwell Automation, Logixboard, ACTION SELLING, Naviant, Inc., Holland America Line Inc, Fiserv, Inc., Laserfiche, Grafana Labs, SUSE, First National Bank of Omaha, Securian Financial Group, Impact Fulfillment Services, LLC., D&L Parts Company, RightDirection Technology Solutions, Avant, Eastern Research Group, Inc., Underwriters Laboratories Inc., General Electric, Ericsson, Danfoss, AO Smith, Hiab, Point B, Healthedge, Chenega MIOS, Vivo, Wynne System, First Student, Ingic, Disney Streaming, CEDENT, Battelle, Icon plc, GE Gas Power, Mastery Logistics Systems, Inc., Novetta, Particle, Samsara, Current Job Openings at Vouch Insurance, Cobham, LaborView, Superior Support Resources, Inc., Maryland Courts, LaSallian Educational and Research Initiatives (d/b/a Saint Mary’s Press), Credence Management Solutions, LLC, Threshold Rehabilitation Services Inc., IEWC, Vimeo, Sargento Foods, Inc., Trisept Solutions, Apple Leisure Group, CPG Beyond, Cellular Optimization, NVE Inc, Kerry, Serena & Lily, Polar Service Centers, Resilience, VOLT Power, Amphenol APC, Cornerstone Building Brands, Arranta Bio, Cru, Salient CRGT, Inc, Enterprise Holdings, Huntington Bank, Avient, City National Bank of Florida, TowneBank, Semtech, Korn Ferry International, ASC Engineered Solutions, Signify Health, Relatient LLC, Popmenu, Line-X, Eventbrite, Nitor, Rhino New York, Valkyrie Trading, US Deputy Assistant Secretary for Information and Technology, Total Systems Technologies Corporation, Gatsby, Valence, Vote.org, greenpath, inc., Cognosante, LLC, Applied Pavement Technology, AgileAssets, Hurricane Consulting Inc, Bolt, Near Earth Autonomy, TCOM, L.P., THOR Solutions, LLC, Bite Toothpaste Bits, Tapcart, Mobilunity, MANTL, Ring Concierge, MaestroQA, 6 River Systems, Rothy’s, US Defense Technical Information Center, System High Corporation, MC3, Inc, Meow Wolf, Fathom, Kratos Defense, Bell Textron Inc., Virgin Hyperloop, Crestwood Technology Group Corp., Radiance Technologies Inc., Paragon D&E, GXO Logistics, Second Order Effects, Innovetive Petcare, Healthcare Appraisers Inc, IPS- Integrated Practice Solutions, Sarasota Memorial Health Care System, Covetrus, North America, Lathrop Veterinary Center, Western Veterinary Partners, Vets Pets PA, Dulles South Veterinary Center, Virginia VA Retirement System, Federal Reserve Bank of Richmond, Highbrow-Tech, US Department of the Air Force – Agency Wide, TUVA, EJ, Planet Technologies, Morris Technology Solutions, Tyler Technologies, Apex Order PickUp Services LLC, Janes, Aruba Networks, Apex Supply Chain Technologies, Audubon Companies, Fluor Corporation, LBMC, PC, Kentucky Civic Engagement Table & Commonwealth Alliance Voter Engagement, Bizzabo, Taco Bell, CGI Group, Inc., Skagit Regional Health, Durr Systems Inc, Dürr Somac GmbH, SharkNinja, Freudenberg Texbond L.P., Pella Corporation, Busch Vacuum Solutions, Ionis Pharmaceuticals, Inc., Automated Solutions, LLC, TruStile Doors, Idex Corporation, Precision Medicine Group, 3M, ActionCOACH Corporate Firms, Watlow Electric Manufacturing, Inc., CustomInk, Ticketmaster, Snapdocs, Partnerize, TTI Corporate, Asure Software, Meredith Corporation, FLEXE, Inc., U.S. Army Forces Command, US Army Installation Management Command, First South Farm Credit, Penrod Software, Thrivent, Penrod, Highnote, OWENS CORNING, Tufts Health Plan, California State University, Monterey Bay, US National Security Agency/Central Security Service, World Travel Holdings Inc, HSA Bank, Guru Technologies, Inc., Hyatt Corporate Office, Chicago, Howard Brown Health Center, SeneGence, CONMED, EM COSMETICS, The Creative Engagement Group, Datto Inc., Cybermedia Technologies (CTEC), Systems Plus, Axcient, BRS, Axient, B Hospitality Corp, Allied Residential, UCLA Health, Clairon Metals Corporation, PhoenixTeam, Zenysis, Ad Hoc Team, Allegient Defense Inc., Misen, Moda Operandi, ICCG, Weave HQ, Modern Technology Solutions, Inc., Creative G C, Expel, AireSpring, Booster Fuels, YipitData, Extend, Hudl, Hologram, Panorama Education, Clarify Health Solutions., VHT, Casted, quantilope GmbH, Chargebee, Lakeshore Talent – Denver, American Polywater Corporation, US Cloud, Avionic Instruments LLC, Mecklenburg County, Lytx, So IL Health Care Foundation, Allegiant Airlines, Intelsat, amdocs, iboss, Allied Orion Group, Gucci, Wework, ServiceChannel, Central Intelligence Agency, The Nature Conservancy, Nissan, Seattle Public Schools, KIPP DC Public Schools, Ai-Media, Oxide Computer Company, Fanatics Inc., Varo Money, Digimarc, Turo, Genies, BehavioSec, ID.me, Boku, Cloud Services, Mati, Sectigo, Inc., Kinesso, Imprivata, Protiviti, Baker Hughes, Intertek, VOLK TRANSFER, Entrada Therapeutics, Jet Access Group, The SYGMA Network, Campus Apartments, Archcare, Newtown Athletic Club, FreshPoint, Speed Queen Laundry Grand Ave, Vectra, MetroStar, Critical Start, Demo – Rockwell Automation, Finance Guru Consulting Group, Crane Co., Solenis LLC, InPhonex, TTEC, Github, Hilton Corporate, Tekion, Astra, Promenade, HealthStream, NCR, Qualtrics, GraphiteRx, SecurityMetrics, Informa Tech, Golden Five Consulting, Seedway, LLC, Raven Industries, SGS, AgHires, Limagrain, Driscoll’s, GROWMARK, Inc., Gowan USA, The Toro Company, NC State University, Indigo, Helena Agri-Enterprises, LLC, Valco Companies, Farm Manager SA, Publicis Sapient, UST Global, US Family Health Plan @ St. Vincent’s Catholic Medical Center, Basic American Foods, McCain Foods USA, Inc., Electrolux, Aprilaire, Maxar Technologies, Boston Scientific Corporation, Terumo CV Group, ALDI, Shiseido Americas Corporation, Nitto Denko Avecia, Capgemini FSSBU, Flock Freight, Hawaiian Airlines, RoundGlass, Everly Health, Health Center Partners of Southern California, Axuall, Inc., TCS World Travel, BCS365™, Entara, MERGE, Bloomreach, Diligent Solutions, California State University, State of Georgia, Ann & Robert H. Lurie Children’s Hospital, Innovative Discovery LLC, BGRS, Vox Financial Partners, Mineral, Penn State University, Great Minds, LLM Placements LLC, Holland & Hart LLP, Buckner, BNSF, Logicalis, Prizelogic, LLC, Stanford Health Care, Sitetracker, double, Community Tech Alliance, Affinity, Straumann Group, Dockworks, Paycor, BeyondTrust, FARO Technologies, Federal Reserve Bank of Boston, TRC Staffing, Averix Bio, Wunderman Thompson, COMPASS MINING, INC., Kagwerks, MRPC, Appalachian Regional Healthcare System, JD.com, BrainStorm, Inc, Tenneco Inc., Barilla, Envirogen Technologies Inc., CSCI Consulting, Sony Interactive Entertainment PlayStation, Genesis Biotechnology Group, AAA Northeast, UF Health Shands Hospital, Electriphi, Kiswe, American Heart Association, Boar’s Head, Engineering System Solutions, Better Talent, South Central Power Company, Onit, IBTCI, University of Rochester, Intergalactic, Conagra Brands, Virtex Enterprises LP, Manifest Medex, AMETEK, Inc., Universal-Robots, CUSO Financial Services, L.P., Phlexglobal Ltd, Cover Genius, Creative Associates International, First Call Logistics, Noblis, NatureWorks LLC, Your Great Event, dormakaba, E&I Cooperative Services, Olink, Shipt, Information Gateways, Gravity Diagnostics, University of Cincinnati, Lathrop GPM LLP, City of Detroit, MSG Sphere, FICO, Gartner, ChaiOne, Softvision – North America, Perficient, Inc, Venture Marketing, TA Digital, Pacific Apps