John Hare in Toronto has utilized a simple framework designed to quickly identify and release Quick Win Initiatives for immediate benefit and financial return. Utilizing his Rapid Cost Reduction Methodology, he quickly identify areas of improvements, the associated financial benefits, and the development of the action items by which these benefits will be realized.
John Hare’s approach involves an enterprise-wide review of expenses with the objective of rapid cost reduction and working capital improvements.
- What is Rapid Cost Reduction?
An integrated cost reduction service providing business performance improvement through rapid identification of cost reduction opportunities and implementation of cost reduction solutions
- How is Rapid Cost Reduction Delivered?
Through a team of highly experienced, cross-functional industry specialists, utilizing a robust set of diagnostic and implementation methodologies, applied to all areas of business operations
- What is the Black Ink Vision?
Rapid response approach which targets hard-hitting change and the flexibility to address opportunities enterprise-wide or in selected functional areas
- What is the Value Proposition?
Business performance improvement with a focus on rapid cost reduction and working capital improvements to enhance bottom line results and business viability
Sample Prioritization Framework to Identify High Impact Opportunities
Keys to Success – Rapid Cost Reduction
Collaborative relationship with Your Team
- Data collection – time from people who understand and have access to reliable data. Collection and validation activities.
- Interviews – open discussion on current operations, ongoing projects, challenges and opportunities.
- Workshops – active participation from key stakeholders as we create opportunity lists and confirm recommendations.
- Issue Management – immediate communication to Project Managers of issues, questions and challenges, along with proposed solutions and help required.
- Timely decision-making – the aggressive schedule allows rapid progress and maintenance of momentum. Proposed change efforts will falter if decisions are slow.
- Rigorous project management – zero slippage on timelines, cost and deliverable commitments.
John Hare is a Supply Chain Executive working in Toronto.