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:

  • Confirm your organization ensures that cost savings are achieved whenever possible without placing risk on your organizations quality, operational, timeline and projected revenue requirements.

  • Assure your organization oversees the development of strategies and processes to achieve annual cost savings, working capital improvement, budget performance, and supplier performance targets.

  • Head: implement and execute identified lean projects from conception to completion to deliver cost savings and process efficiencies across your organization.

  • Make sure 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.

  • Evaluate: work closely with the client technology and engineering team to develop and deploy smart building solutions to drive cost savings and operational efficiency.

  • Ensure you do 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.

  • 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.

  • Maintain/optimize customer service levels, inventory levels, obsolescence, cost savings project identification and implementation with flawless execution.

  • 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.

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

  • 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.

  • Be accountable for identifying and implementing cost savings initiatives to drive operational performance improvements and cost reduction using Lean Manufacturing Tools and methods.

  • 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.

  • Orchestrate: monitor operational metrics, identify and research trends and anomalies to identify process improvement and cost savings opportunities across the distribution.

  • Secure that your organization challenges supply chain norms to generate out of the box opportunities for cost savings and supply chain optimization and implements as appropriate.

  • Be certain that your organization 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.

  • 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.

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

  • 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.

  • Steer: partner with operations and finance teams across the globe to forecast and analyze cost savings initiatives, operating expenses, and operating metrics.

  • 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.

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

  • Control: management of fleet specification, procurement and interface with various departments to standardize the fleet where applicable, to optimize cost savings and reduce operating expenses.

  • Ensure you do 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.

 

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 998 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 998 standard requirements:

  1. How do other organizations capture the cost savings and other bottom line benefits of automation while releasing the potential of human capital to do other, more valuable things?

  2. Has your organization done any analysis regarding the costs regulations place on the delivery system and the savings, which could be generated by removing burdensome procedures?

  3. Will aggregating requirements for hardware, software, or services across time, locations, or funding sources potentially result in significant cost savings to your organization?

  4. Are there multiple workloads that can be consolidated onto a new system and can the savings realized through consolidation help mitigate the cost of platform acquisition?

  5. What time lines should be considered when rationalizing the greater initial cost of environmental features against the long term savings in operational efficiency?

  6. Does the business plan include a high level economic analysis of the cost of current performance problems and the potential for cost savings and other benefits?

  7. What percentage transactions occurring at locations that are being studied are strictly stamp sales, with no other activities taking place during the visit?

  8. Do you estimate the value of that knowledge to your business unit in cost savings, reduced cycle time, increased quality of decision making or reduced risk?

  9. Which aspect of the process hold the greatest potential benefit in terms of reform opportunities which could bring about cost savings for small businesses?

  10. How do you navigate your way to the best results, establish what is credible and complete your research in the most cost effective and time saving manner?


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 998 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. Responsibility Assignment Matrix: What tool can show you individual and group allocations?

  2. Responsibility Assignment Matrix: Are indirect costs charged to the appropriate indirect pools and incurring organization?

  3. Risk Audit: Where will the next scandal or adverse media involving your organization come from?

  4. Stakeholder Management Plan: Have the key elements of a coherent Cost Savings project management strategy been established?

  5. Contractor Status Report: What was the actual budget or estimated cost for your organizations services?

  6. Executing Process Group: What is the difference between using brainstorming and the Delphi technique for risk identification?

  7. Activity Duration Estimates: Is risk identification completed regularly throughout the Cost Savings project?

  8. Responsibility Assignment Matrix: Which Cost Savings project management knowledge area is least mature?

  9. Activity Cost Estimates: Does the activity use a common approach or business function to deliver its results?

  10. Procurement Audit: Are there appropriate controls in place to ensure that the procurement Cost Savings project complies with relevant legislation?

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

1.0 Initiating Process Group:

  • 1.1 Cost Savings project Charter
  • 1.2 Stakeholder Register
  • 1.3 Stakeholder Analysis Matrix


2.0 Planning Process Group:

  • 2.1 Cost Savings project Management Plan
  • 2.2 Scope Management Plan
  • 2.3 Requirements Management Plan
  • 2.4 Requirements Documentation
  • 2.5 Requirements Traceability Matrix
  • 2.6 Cost Savings project Scope Statement
  • 2.7 Assumption and Constraint Log
  • 2.8 Work Breakdown Structure
  • 2.9 WBS Dictionary
  • 2.10 Schedule Management Plan
  • 2.11 Activity List
  • 2.12 Activity Attributes
  • 2.13 Milestone List
  • 2.14 Network Diagram
  • 2.15 Activity Resource Requirements
  • 2.16 Resource Breakdown Structure
  • 2.17 Activity Duration Estimates
  • 2.18 Duration Estimating Worksheet
  • 2.19 Cost Savings project Schedule
  • 2.20 Cost Management Plan
  • 2.21 Activity Cost Estimates
  • 2.22 Cost Estimating Worksheet
  • 2.23 Cost Baseline
  • 2.24 Quality Management Plan
  • 2.25 Quality Metrics
  • 2.26 Process Improvement Plan
  • 2.27 Responsibility Assignment Matrix
  • 2.28 Roles and Responsibilities
  • 2.29 Human Resource Management Plan
  • 2.30 Communications Management Plan
  • 2.31 Risk Management Plan
  • 2.32 Risk Register
  • 2.33 Probability and Impact Assessment
  • 2.34 Probability and Impact Matrix
  • 2.35 Risk Data Sheet
  • 2.36 Procurement Management Plan
  • 2.37 Source Selection Criteria
  • 2.38 Stakeholder Management Plan
  • 2.39 Change Management Plan


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.