How to achieve 'cost-out' maturity
Our research into how effectively companies are managing costs reveals there’s a significant variation across sectors – with great potential for some at the bottom end of the scale to improve.
This global report analyses 70 organisations to build up a clear picture of what it takes to achieve ‘cost-out maturity’ – in other words, to be effective at reducing costs and becoming more efficient.
Companies often cut costs as a reaction to a specific market or managerial need, rather than a planned intervention. The organisations that are best at implementing cost-out orchestrate and apply key interventions. We call these the ‘six dimensions of cost-out maturity’; strategy, organisation and governance, process, tools, competencies and skills, cost-out approaches.
Read our benchmarking study to see how your firm can improve its cost-out maturity.