Cost Savings Toolkit

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Determine simplification opportunities for Line of Business apps via reducing number of integrations, rationalizing overlapping capabilities with other apps, consolidating and aggregating data or any other means that delivers Cost Savings, process efficiencies and Operational Resilience.

More Uses of the Cost Savings Toolkit:

  • Organize: implement and execute identified lean projects from conception to completion to deliver Cost Savings and process efficiencies across your organization.

  • Maintain/optimize customer Service Levels, inventory levels, obsolescence, Cost Savings project identification and implementation with flawless execution.

  • Steer: work closely with the corporate it and business systems teams to identify Cost Savings on enterprise software through Strategic Sourcing and internal measures as user audits.

  • Organize: monitor operational metrics, identify and research trends and anomalies to identify Process Improvement and Cost Savings opportunities across the distribution.

  • Be accountable for identifying areas for Cost Savings through the identification of unallocated licenses or equipment, alternative support options, rationalization, optimal licensing and hardware deployment practices.

  • Lead pro active functions that impact production, increase efficiency, solve problems, generate Cost Savings, improve quality and provide new product support.

  • Manage work with engineering and operations team to identify, recommend and source equipment that increases efficiency and leads to Cost Savings for the customer.

  • Develop and drive annual Supply Chain Cost Savings programs and process and implement business strategies that directly affect the bottom line and growth plans.

  • Ensure that Financial Planning and controls for IT portfolio decisions provide a return on investment, Cost Savings, Performance Improvement and clearly link to the defined Business Strategy.

  • Use standard tracking and reporting systems, prepare detailed plans, drive project performance, and assure timely completion and achievement of product / process quality and Cost Savings goals.

  • Manage work with the Infrastructure Strategy and Analytics team to identify optimization and Cost Savings opportunities, by finding trends and anomalies and forecasting Cloud Infrastructure usage and cost.

  • Use independent judgment to identify, recommend, and execute opportunities to optimize inventories and drive Cost Savings without negatively impacting Customer Service metrics.

  • Identify and implement Cost Savings opportunities through Spend Analysis, supplier negotiations, business resourcing, value added and value engineering opportunities, and other purchasing methods.

  • Ensure you suggest; lead Process Engineering the lead Process Engineering team focus on lead process efficiency, Cost Savings, quality, and improving Customer Satisfaction using a combination of proven Six Sigma methodologies and business lead Process Management tools.

  • Confirm your enterprise ensures that Cost Savings are achieved whenever possible without placing risk on your organizations quality, operational, timeline and projected revenue requirements.

  • Arrange that your enterprise supports Capacity Planning with identifying production efficiencies through optimization projects or standalone analysis; initiate production moves internally to achieve Cost Savings.

  • Ensure you involve; lead lean Six Sigma projects and other Process Improvement methodologies from the chartering phase through to control and transition back to sponsors and Process Owners, delivering Cost Savings, Quality Improvement, service / safety improvements for the health system.

  • Develop supplier relationships while continuing to support the KPIs of Cost Savings, cost containment, Supplier Quality, Inventory Management, and on time deliveries of raw materials and supplies.

  • Establish that your organization initiates and drive Continuous Improvement projects that deliver year over year Cost Savings, resulting in a durable competitive advantage in product cost.

  • Identify Cost Savings strategies appropriate to the IT/IS department and implement action plans providing measurable Cost Savings; finds opportunities to leverage the existing tools, assets, and resources.

  • Systematize: review impacted Business Processes and work with business stakeholders to identify and make business Process Improvements that result in Cost Savings, higher quality, increased efficiencies, lower risk, and shorter cycle times.

  • Seek out materials Cost Savings by investigating improvement opportunities with current suppliers, investigating alternate suppliers, and leveraging purchasing strengths.

  • Be accountable for identifying and implementing Cost Savings initiatives to drive operational Performance Improvements and cost reduction using Lean Manufacturing Tools and methods.

  • Warrant that your strategy contributes to the budget projections, tracks training related expenditures, review and processes invoices for approval and payment, and reports on actual costs; identifies and recommends solutions for Cost Savings and efficiencies.

  • Warrant that your strategy applies Business Analysis expertise to identify, develop, and implement techniques to improve engagement productivity, increase efficiencies, Mitigate Risks, resolve issues, and optimize Cost Savings for clients.

  • Analyze data outputs and refine inputs to optimize the use of the Strategist network optimization tool with the purpose of finding Cost Savings and/or Supply Chain efficiencies to increase revenue growth.

  • Audit: management of fleet specification, procurement and interface with various departments to standardize the fleet where applicable, to optimize Cost Savings and reduce operating expenses.

  • Apply Project Management expertise to identify, develop, and implement techniques to improve engagement productivity, increase efficiencies, Mitigate Risks, resolve issues, and optimize Cost Savings and efficiencies.

  • Ensure your venture oversees the development of strategies and processes to achieve annual Cost Savings, Working Capital improvement, budget performance, and supplier performance targets.

  • Collaborate with department heads to develop Cost Savings programs, initiate and manage projects, and deliver savings and improvements to the mine sites.

 

Save time, empower your teams and effectively upgrade your processes with access to this practical Cost Savings Toolkit and guide. Address common challenges with best-practice templates, step-by-step Work Plans and maturity diagnostics for any Cost Savings related project.

Download the Toolkit and in Three Steps you will be guided from idea to implementation results.

The Toolkit contains the following practical and powerful enablers with new and updated Cost Savings specific requirements:


STEP 1: Get your bearings

Start with...

  • The latest quick edition of the Cost Savings Self Assessment book in PDF containing 49 requirements to perform a quickscan, get an overview and share with stakeholders.

Organized in a Data Driven improvement cycle RDMAICS (Recognize, Define, Measure, Analyze, Improve, Control and Sustain), check the…

  • Example pre-filled Self-Assessment Excel Dashboard to get familiar with results generation

Then find your goals...


STEP 2: Set concrete goals, tasks, dates and numbers you can track

Featuring 999 new and updated case-based questions, organized into seven core areas of Process Design, this Self-Assessment will help you identify areas in which Cost Savings improvements can be made.

Examples; 10 of the 999 standard requirements:

  1. What is the root cause(s) of the problem?

  2. What threat is Cost Savings addressing?

  3. What could cause delays in the schedule?

  4. What, related to, Cost Savings processes does your organization outsource?

  5. What training and qualifications will you need?

  6. What is your decision requirements diagram?

  7. Which stakeholder characteristics are analyzed?

  8. Do Cost Savings rules make a reasonable demand on a users capabilities?

  9. Is there a work around that you can use?

  10. What is a worst-case scenario for losses?


Complete the self assessment, on your own or with a team in a workshop setting. Use the workbook together with the self assessment requirements spreadsheet:

  • The workbook is the latest in-depth complete edition of the Cost Savings book in PDF containing 994 requirements, which criteria correspond to the criteria in...

Your Cost Savings self-assessment dashboard which gives you your dynamically prioritized projects-ready tool and shows your organization exactly what to do next:

  • The Self-Assessment Excel Dashboard; with the Cost Savings Self-Assessment and Scorecard you will develop a clear picture of which Cost Savings areas need attention, which requirements you should focus on and who will be responsible for them:

    • Shows your organization instant insight in areas for improvement: Auto generates reports, radar chart for maturity assessment, insights per process and participant and bespoke, ready to use, RACI Matrix
    • Gives you a professional Dashboard to guide and perform a thorough Cost Savings Self-Assessment
    • Is secure: Ensures offline Data Protection of your Self-Assessment results
    • Dynamically prioritized projects-ready RACI Matrix shows your organization exactly what to do next:

 

STEP 3: Implement, Track, follow up and revise strategy

The outcomes of STEP 2, the self assessment, are the inputs for STEP 3; Start and manage Cost Savings projects with the 62 implementation resources:

  • 62 step-by-step Cost Savings Project Management Form Templates covering over 1500 Cost Savings project requirements and success criteria:

Examples; 10 of the check box criteria:

  1. Cost Management Plan: Eac -estimate at completion, what is the total job expected to cost?

  2. Activity Cost Estimates: In which phase of the Acquisition Process cycle does source qualifications reside?

  3. Project Scope Statement: Will all Cost Savings project issues be unconditionally tracked through the Issue Resolution process?

  4. Closing Process Group: Did the Cost Savings project team have enough people to execute the Cost Savings project plan?

  5. Source Selection Criteria: What are the guidelines regarding award without considerations?

  6. Scope Management Plan: Are Corrective Actions taken when actual results are substantially different from detailed Cost Savings project plan (variances)?

  7. Initiating Process Group: During which stage of Risk planning are risks prioritized based on probability and impact?

  8. Cost Management Plan: Is your organization certified as a supplier, wholesaler, regular dealer, or manufacturer of corresponding products/supplies?

  9. Procurement Audit: Was a formal review of tenders received undertaken?

  10. Activity Cost Estimates: What procedures are put in place regarding bidding and cost comparisons, if any?

 
Step-by-step and complete Cost Savings Project Management Forms and Templates including check box criteria and templates.

1.0 Initiating Process Group:


2.0 Planning Process Group:


3.0 Executing Process Group:

  • 3.1 Team Member Status Report
  • 3.2 Change Request
  • 3.3 Change Log
  • 3.4 Decision Log
  • 3.5 Quality Audit
  • 3.6 Team Directory
  • 3.7 Team Operating Agreement
  • 3.8 Team Performance Assessment
  • 3.9 Team Member Performance Assessment
  • 3.10 Issue Log


4.0 Monitoring and Controlling Process Group:

  • 4.1 Cost Savings project Performance Report
  • 4.2 Variance Analysis
  • 4.3 Earned Value Status
  • 4.4 Risk Audit
  • 4.5 Contractor Status Report
  • 4.6 Formal Acceptance


5.0 Closing Process Group:

  • 5.1 Procurement Audit
  • 5.2 Contract Close-Out
  • 5.3 Cost Savings project or Phase Close-Out
  • 5.4 Lessons Learned

 

Results

With this Three Step process you will have all the tools you need for any Cost Savings project with this in-depth Cost Savings Toolkit.

In using the Toolkit you will be better able to:

  • Diagnose Cost Savings projects, initiatives, organizations, businesses and processes using accepted diagnostic standards and practices
  • Implement evidence-based best practice strategies aligned with overall goals
  • Integrate recent advances in Cost Savings and put Process Design strategies into practice according to best practice guidelines

Defining, designing, creating, and implementing a process to solve a business challenge or meet a business objective is the most valuable role; In EVERY company, organization and department.

Unless you are talking a one-time, single-use project within a business, there should be a process. Whether that process is managed and implemented by humans, AI, or a combination of the two, it needs to be designed by someone with a complex enough perspective to ask the right questions. Someone capable of asking the right questions and step back and say, 'What are we really trying to accomplish here? And is there a different way to look at it?'

This Toolkit empowers people to do just that - whether their title is entrepreneur, manager, consultant, (Vice-)President, CxO etc... - they are the people who rule the future. They are the person who asks the right questions to make Cost Savings investments work better.

This Cost Savings All-Inclusive Toolkit enables You to be that person.

 

Includes lifetime updates

Every self assessment comes with Lifetime Updates and Lifetime Free Updated Books. Lifetime Updates is an industry-first feature which allows you to receive verified self assessment updates, ensuring you always have the most accurate information at your fingertips.