An organisation faces various challenges due to globalisation, new technologies and industry disruptions. These challenges require businesses to streamline their operations, so that they can move ahead with a great efficiency and effectiveness towards achieving cost excellence. This is where business cost optimization services come in place.
Cost optimization for corporates is a business-centric approach of continuous discipline to regulate operational cost reduction and spending, along with maximising business value and profits.
1-Cash Conservation:
- Evaluate liquidity & working capital requirements in order to preserve cash
- Assess continuity of ongoing contracts
- Optimize utilization of cash for payment of short-term & long-term liabilities
- Reviewing trend & pattern of transactions denoting cash inflows & outflows
2-Revisit Cost Incurrence:
- Determine the avoidable fixed costs
- Discover alternatives to more towards variable cost model
- Analyse Capex inefficiencies & deter Dapex Expenditure
- Optimize usage & disposal of asset
3-Viable Operating Model:
- Explore composition of lean teams for business sustainability
- Third-party evaluation to shift towards localization
- Identification of Cost Control Opportunities like: Arm’s length assessment- excess expense being charged by and paid to vendors
4-Re-define Business Blue Print:
- Re-define the terms & conditions of contracts
- Re-negotiate collection data with customers & payment date with vendors
- Re-assess the inventory requirement & revisit purchase orders