Press Release
Cutting Costs During the COVID-19 Pandemic
KBC is implementing a concrete set of measures designed to effectively reduce costs, covering the areas of procurement and supply chain, production, product, and organization.
The action plan provides recommendations for the first 30 days that can be initiated and implemented immediately.
A consistent approach is now key to success
In addition to product category-specific analyses and opportunities for cross-functional cost savings, as well as a temporary freeze on all non-essential indirect expenses, it is important to immediately establish cross-functional teams to ensure maximum agility.
Using a systematic Pareto process, we examine waste and downtime and analyze production batches for potential improvements in order to reduce the cost per unit.
Smart product cost optimization based on value creation and profit
We analyze specific product cost-saving measures that can be implemented quickly and realize opportunities for product simplification. Please also read our latest case study on this topic.
In general, it is recommended to actively engage in knowledge-sharing—in the spirit of best practices—among the various business units in order to redistribute personnel, resources, and facilities across organizational boundaries.
These and many other measures can be found in the KBC Guide, which helps you create a customized roadmap for targeted cost reduction over 30 days and beyond. Contact us!
