Strategic Cost Transformation

Supports and enables clients to optimise and align costs strategically through the implementation of traditional cost approaches, target operating model–based cost reduction strategies and/or next generation cost solutions leveraging automation and cognitive technologies.

Our final aim is to help clients transform their business and operations to achieve structural and sustainable actions that allow capture of savings, margin improvement and the strategic allocation of resources to growth initiatives.

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Our services generally fall into four broad cost transformation strategies to help organisations address their specific cost and strategic challenges:

  • Turnaround and Distress — Primary and immediate focus on cost and liquidity.  Focus on immediate actions to reduce costs, maximise liquidity, bring stability, and capture savings to avoid further deterioration of the business.
  • Positioned for growth or “save to grow” — Primary focus on cost and growth/margin improvement, with secondary focus on talent and liquidity.  Take actions that help improve cost and competitive position, avert cuts that might inhibit future growth, and rebalance costs to fund investments in business strategy enablers. 
  • Growing steadily or “gain competitive advantage” — Primary focus typically on growth/margin improvement and talent, with secondary focus typically on cost and liquidity.  Enable or develop a scalable cost platform for growth and invest in building core capabilities to enable the business strategy while managing costs accordingly. 
  • Thrive in uncertainty – Complex transformations typically focused on cost, growth and talent, with potential secondary focus on liquidity. Transform business operations through the application of disruptive cost approaches such as  automation and cognitive solutions to enable agile strategies in the business and set the stage to thrive in a fast-changing market environment.

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Cormac Hughes

Cormac Hughes

Partner - Consulting

Cormac is lead partner for the firm's Strategy & Operations and Human Capital Management consulting services. He has worked with Deloitte for 16 years and specialises in operations consulting and busi... More