Services

Strategic Cost Management

Cost reduction solutions to help drive growth

Not all business costs are the same since they drive results in different ways. Therefore there is no "perfect" portfolio of costs or investments. An effectively managed portfolio is one that balances short-term and long-term objectives, so making radical changes in cost performance is typically a challenging proposition.

Balanced transformation for strategic cost management

Deloitte’s Strategic Cost Management offering focuses on structural, enterprise-wide changes that can produce sustainable cost savings and margin improvements. In doing so, we strive to help our clients build scalable cost platforms to drive profitable growth. Based on extensive experience with cost improvement programs across industries, our services generally fall into four broad transformation strategies to help organizations address their specific cost and strategic challenges.

View the webinar: A digital approach to zero-based budgeting (ZBB)

How well does zero-based budgeting translate into practice? In our webinar, hosted by Anaplan, we discuss:

  • How to determine if your organization is a good candidate for ZBB, and where to start
  • How to promote organizational acceptance and avoid technology challenges
  • Why a digital approach to ZBB can make the process faster, easier, and more effective

Strategic Cost Management services

Save
Save to turnaround. Focus on immediate cost reduction solutions, maximize liquidity, bring stability, and capture savings to avoid further deterioration of the business.

Fund
Save to fund. Focus on 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.

Grow
Save to grow. Enable or develop a scalable cost or business platform to fuel growth and investment in core capabilities while supporting a differentiated business strategy.

Transform
Save to transform. Improve business operations through 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.

Advantages of strategic cost management

  • Structural, not continuous improvement focused
  • Enterprise-wide and programmatic, not a point solution
  • Tailored, not a “one size fits all” approach
  • Financially balanced, so it leverages quick hits to fund longer-term opportunities
  • Results-focused, not distracted by obstacles along the way

 

Quick and decisive action around cost performance can help the business regain its balance.

Get in touch

Faisal Shaikh

Faisal Shaikh

Principal | US Strategic Cost Transformation

Faisal leads the US Strategic Cost Transformation practice as a principal with Deloitte Consulting LLP. With more than 15 years at Deloitte, he specializes in leading large-scale business and operatin... More