Case Study — Cost Reduction
Problem:
Realize post-merger cost synergies.
Solution:
--- Identified obscure category of unnecessary costs of duplicative operations.
--- Within 30 days, developed small cross-functional team and processes to review payments to more than 140 inherited partners worldwide.
--- Prepared model approach, renegotiated agreements, payments, and terminated overlapping facilities.
--- Eliminated compounding drag on company resources.
Financial Impact:
--- Generated more than $40 million in cost reductions in less than 24 months.
Strategic Impact:
--- Exposed and re-aligned an “orphaned” chunk of post-merger waste that escaped pre-merger due diligence radar.
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