There are many ways and means to do accomplish savings. We believe it's possible to cut or reduce costs without removing necessary or potentially productive resources. Without limiting the potential for growth; without changing supplier, structure, production model… All in a swift, sustainable manner. You can see this in our Bottom Line Cost Reduction Program (BLCRP).
Establish and communicate the cost-reduction imperative.
Gain senior leadership alignment and support early in the process.
Determine your cost-reduction approach
Document and communicate your cost-reduction roadmap.
Establish a phased process that focuses on sustainable, transformational change.
Conduct the cost-reduction exercise “top down” and “bottom up”
Ensure long-term sustainability by building savings in budgets and initiatives in business plans.