Addressable cost base of $95m required to reduce costs in order to remain competitive
- luciadovalova
- Nov 26, 2020
- 1 min read
Updated: Aug 19, 2024
THE CHALLENGE
A Global Consultancy business with a Turnover of $700m and an addressable cost base of $95m required to substantially reduce costs in order to remain competitive
OUR SOLUTION
Two MBV Partners established and then led the delivery of the Cost reduction programme
Savings delivered through focus on key influenceable cost drivers within the business focused on IT, Networks & Telephony, Delivery Centres, Property, Consulting IT and Business Development spend
Led Category spend analysis and contract spend analysis, rationalising the supplier ecosystem and application portfolio
Simplified legacy organisation structures and unlocked further efficiencies through more effective working practices and better working locations
“$20m in-year savings within 4 months”
THE OUTCOME
Delivered $20m in-year savings within 4 months and annualised savings of $30m
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