Do you already see potential for cost optimisation in your company?
Cost Optimization in Industry
Focus on Cost Optimization where it brings real benefits
Competition in industry is becoming increasingly intense due to global political circumstances and ongoing transformation processes. Margins are shrinking, and the development of these changes can lead to losses, even for your customers. As a result, cost-saving programs are in high demand. However, the traditional approaches that usually come up first are often insufficient. Simply reducing labor costs can be the wrong way to optimize a business, especially during times of skill shortages. Once employees are off-board, it can be difficult to replace them during a later consolidation phase.
COVALEX Consulting’s cost optimization approach is therefore a tool that goes far beyond conventional cost-cutting methods.
COVALEX’s three-point plan for Cost Optimization
There are many optimization potentials throughout the entire value chain that often lie outside of the focus area, yet offer significant savings opportunities. COVALEX Consulting is here as your partner to implement efficient cost optimization that brings real benefits.
We address the following three points with the goal of achieving efficient cost optimization in your company:
- Analyzing purchasing prices and developing Should Cost calculations
- Identifying negotiation approaches
- Identifying technical cost drivers and alternative solutions
As you can see, the areas where cost drivers emerge or have already been acting – often unrecognized – are numerous. That’s why we bring our experience in cost optimization from electric motor to analyze your industrial company, propose solutions, and assist with their implementation.
What we can improve in Your company
We bring practical experience because we come from industry ourselves. With our industrial background, we create cost analyses for you. Should Cost calculations reflect the actual situation with suppliers, meaning we also take into account factors outside your own company in our analysis. A holistic view of the entire value chain is essential.
With our in-depth process knowledge and understanding of over 40 different pre-production and assembly processes, we bring everything needed to analyze your manufacturing processes from a 360-degree perspective. This allows us to provide you with concrete measures to reduce your company’s costs to the necessary level
Thematic Background on Cost, Cost Optimization, and Cost Savings:
Cost optimization is a management process at many levels. The processes to be initiated generally go beyond mere cost-cutting. Optimizing costs requires more: savings remain the goal, of course, but in addition to lowering costs, there is the role of investments that lead to improvements and better cost management. The time factor for optimizing and saving costs can vary greatly. Some cost optimization can be realized quickly, while others take longer. Our goal is to ensure greater efficiency while maintaining quality in the long term.
It’s better to take a comprehensive look at costs, including strategic costs for key resources. Optimizing costs within a company is our core competency. Together with management, we develop processes for cost reduction that the company can actually implement. It’s about a cost-reduction process that we accompany closely to ensure that costs are optimized in a traceable and transparent way. Please feel free to contact us to reduce your costs and, by extension, your expenditures. With passion and determination, we ensure that the success of your company is effectively and sustainably increased across all areas.
Eine Marke der Promotex Gruppe
