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Strategic Cost Transformation
A big part of transforming your business model involves managing costs to enable profitable growth. Deloitte’s Strategic Cost Reduction practice focuses on structural, enterprise-wide changes that can produce sustainable cost savings and margin improvements. Based on our extensive experience with cost improvement programs across industries, we offer three broad cost reduction strategies that help organizations address cost categories tailored to their specific cost challenges: 1.Get the house in order – Focus on immediate actions to reduce costs, bring stability, and capture savings to avoid deterioration of the business. 2.Sustain the business – 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. 3.Set the stage for growth – Develop a scalable cost platform for growth and invest in building capabilities to enable the business strategy while managing costs accordingly.