Cost Cutting

Companies are facing the challenge of having
to realize immediate reductions in spending

Business Challenge

In uncertain and pressurized economic environments, we are facing the challenge of having to realize immediate reductions in spending. At the same time, executive leaders demand digital innovation and transformation to enable a flexible workplace while ensuring higher productivity.

Business Challenge

LEADing Practice offers a unique service and approach through a combined use of cost cutting standards, reference content and the extensive experience of our industry professionals.

Service Overview

Our cost cutting standards and reference content are the result of international academic research and industry expert consensus on repeatable patterns that can be reused and replicated. They have been designed to be tailored to any organization.

Benefits

Customers get individual recommendations for cost cutting fields of action. This leads to different cost cutting approaches to your core differentiating and non-core competencies – leading to a value-based and cost-conscious business culture.

Business Challenge

Companies are facing the challenge of having to realize immediate reductions in spending

In uncertain and pressurized economic environments, we are facing the challenge of having to realise immediate reductions in spending. At the same time, executive leaders demand digital innovation and transformation to enable a flexible workplace while ensuring higher productivity. Data and technology are at the core of digital transformation, but these factors alone are not enough to make the leap towards staying relevant in the market.

Typical cost cutting challenges are:

  • “Is our cost too high?” Many organizations pose this question, wondering if their cost is too high. This is where they would like to have a peer benchmark.
  • How can we learn from those that are outperformers in cost cutting, and how do we go about it?
  • Where could we benefit from cost cutting?
  • How do we apply cost cutting concepts?
  • How do we optimize our IT Business and Operating Model?
  • Standardization: Where should we – and where should we not – standardize to maximize the value/cost ratio?
  • Do we need different cost cutting concepts and executions?
  • How do we sustain our growth and defend our market position whilst applying cutting cost strategies?
  • How do we leverage disruptive technologies to support transformation and innovation whilst applying cost cutting strategies?
  • What sustainable practices can we develop to effectively govern cost to support maximum growth?
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Service Offering

LEADing Practice offer a service to assess and determine how to approach cost cutting

Cost cutting refers to measures implemented by a company to reduce its expenses and improve profitability. Cost cutting measures are typically implemented during times of financial distress for a company or during economic downturns. Our cost cutting standard targets participants who want to learn and understand how to apply advanced cost cutting approaches. LEADing Practice offers a unique service and approach through the combined use of cloud standards, reference content and the extensive experience of our industry professionals to achieve an optimal cost cutting concept. Our cost cutting services include, but is not limited to:

  • Analysis of the current financial situation and come up with detailed cost cutting suggestions.
  • Analyze and evaluate your cost cutting maturity levels.
  • Assess your existing cost cutting strategy and help enhance it.
  • Develop directional cost cutting aspects (vision, strategy, objectives, etc.).
  • Identify cost cutting requirements.
  • Design a new – or improve upon an existing – cost cutting roadmap.
  • Assess and develop your cost cutting concept.
  • Analyze your cost cutting role concept.
  • Rethink and transform your cost cutting workflows (manual and automated).
  • Recognize and agree on where and how to standardize.
  • Identify optimization potential within the cost cutting concepts.
  • Assign and work with your cost cutting owners.
  • Develop a continuous cost cutting improvement technique.
  • Develop a cost cutting architecture; something that can help structure and align various cost cutting concepts and the cost cutting landscape.
  • Work with change and make it stick!
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Other services which might be interesting in combination with the above:

  • We have data across 10 sectors and 52 different industries, categorized according to which practices are the worst, best and outperforming practices. Therefore, we can benchmark you against these practices and come with detailed improvement suggestions of where and how you could learn from others, enabling you with best, industry and outperforming practices.
  • Knowledge worker analysis; identification of your knowledge workers (depending on industry, about 5-15% are core differentiating and core competitive knowledge workers). The rest are non-core knowledge workers, and therefore differentiating the cost cutting concepts adds no value.
  • How to go about cost reduction.
  • Develop a cost cutting business case.
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Reference Content

Our cost cutting reference content provides customers with a unique insight

Our cost cutting reference content provides customers with a unique insight into what are the best, worst and todays leading (unique) practices within the customer’s industry. Our cost cutting standards are the result of international academic research and industry expert consensus on repeatable patterns that can be reused and replicated.

They have been designed to be tailored to any organization, regardless of size, scope, products, services and/or and industry. Based on this, the cost cutting journey can be performed less costly, more reliably and much faster compared to that of other expensive consulting companies.

For the cost cutting service offering, we recommend using a selection of the following reference content:

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Cost Cutting Management Reference Content ID #
Cost Cutting Strategy (development & re-adjust) LEAD-ES10001PG
Cost Cutting Roadmap (Planning) LEAD-ES10007BC
Cost Cutting Governance LEAD-ES10018GO
Cost Cutting Portfolio Management LEAD-ES10019ALL
Cost Cutting Modelling Reference Content ID #
Cost Cutting Ontology LEAD-ES20001ALL
Link between Service Model and Cost-Cutting LEAD-ES20009BCBS
Link between Operating Model and Cost-Cutting LEAD-ES20012BC
Cost-Cutting & Role Modelling LEAD-ES20014BC
Cost Cutting & Workflow LEAD-ES20017ALL
Cost Cutting Meta Model LEAD-ES20023ALL
Cost Cutting Artefacts & Templates LEAD-ES20028ALL
Cost Cutting Taxonomy (i.e. object descriptions) LEAD-ES20032ALL
Cost Cutting Engineering Reference Content ID #
Cost Cutting Decomposition & Composition LEAD-ES30001ALL
Cost Cutting Requirement Management LEAD-ES30004ES
Cost Cutting Categorization & Classification LEAD-ES30008ES
Cost Cutting Architecture Reference Content ID #
Cost Cutting & Business Architecture LEAD-ES40002PGBCPSI
Cost Cutting & Information Architecture LEAD-ES40007BCSAD
Cost Cutting & Platform Architecture LEAD-ES40009PL
Cost Cutting & Infrastructure Architecture LEAD-ES40010IL
Cost Cutting & Security Architecture LEAD-ES40012CS
Cost Cutting Information & Technology Reference Content ID #
Cost Cutting & Blueprinting LEAD-ES50023ALL
Cost Cutting & Blockchain LEAD-ES50029ALL
Cost Cutting Transformation & Innovation Reference Content ID #
Cost Cutting & Change Management LEAD-ES60002ALL
Cost Cutting Maturity Assessment & Development LEAD-ES60003ALL
Cost Cutting Benchmarking LEAD-ES60011ALL
Rethink Cost Cutting (Innovation) LEAD-ES60012ALL
Cost Cutting & Digital Transformation LEAD-ES60016ALL
Cost Cutting Health Check LEAD-ES60018ALL

Benefits

Customers get individual recommendations for cost cutting fields of action

With the help of our service, customers get individual recommendations for cost cutting fields of action. This leads to different cost cutting approaches to your core differentiating and non-core competencies – leading to a value-based and cost-conscious business culture.

Here are some of the benefits that cost cutting can deliver to your organization and your clients:

  • You can have a partner that can cover subjects from cost cutting vision and strategy, and analyze the cost cutting maturity levels to help implement the changes.
  • Get help with reducing operational cost.
  • Develop or update the cost cutting development path/roadmap for cost cutting.
  • Whereas high complexity exists within your cost cutting concepts, you have a partner that specialises in simplification and reduction of complexity.
  • You can maximize value/cost ratio within your cost cutting concepts.
  • Different cost cutting concepts with a need to understand where you should – and where you should not – standardize operational aspects.
  • Increase the level of digitalization across organizational boundaries to realize cost cutting potential.

We invite you to engage with our cost cutting experts to discuss your needs and wants and how our identified cost cutting practices could help you and your organization.

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