(editiert)
What is a good generic checklist/strategy/framework to use when cutting costs in a case to think about all the different ways to do so?
Übersicht der Antworten
Upvotes
Beste Antwort
Hi,
As usual, no predefined framework that can be used everywehere. Common sens will for sure help more :)
If looking for cost reduction, you need to understand :
- what are the main cost of the company : so you need to understand the activity and think about the cost structure it involves. Depending on the business you could identify this with the value chain and / or the type of cost identification (labor, raw material, etc.)
- Focus your effort on the biggest cost categories : this will create more impact in absolute value. eg. 20% saving on 100M€ is better than 20% savings on 1M€ :)
- tackle each category one by one : starting with the biggest cost buckets
Hope this helps
Best
Benjamin
War diese Antwort hilfreich?
Hi,
I would recommend the following:
Structuring:
- What is the cost composition and what are the biggest costs
- Benchmarking of the biggest costs to find the improvement potential
- Process improvements to meet the benchmarks
- Costs and benefits of the proposed initiatives
The key concepts that you have to learn:
- Internal / external benchmarking
- Idle time
- Core processes (usually are optimized) and the supporting processes (usually are cut)
- Math structures (Frequency of operations * time per operation)
- Other useful structures (e.g. people - process - technology)
Feel free to reach me for further help with these cases.
Best
War diese Antwort hilfreich?
Verwandte Cases
Themen:
Der in seiner Heimatregion äußerst erfolgreiche asiatische Premiumhersteller von Schmierstoffen, LubricantsCo, möchte seinen Umsatz und Gewinn weiter steigern. Die Produktpalette erstreckt sich von Schmierstoffen im automobilen Umfeld (z. B. Motor- und Getriebeöl) bis zu Industrieanwendungen (z. B.
... (Ganzen Case öffnen)
185,8 Tsd.
mal gelöst
Anfänger
Schwierigkeitsgrad
Themen:
Sie erben von Ihrem Großvater ein Weingut, die Old Winery, welche sich seit fünf Generationen in Familienbesitz befindet und bis ins 16. Jahrhundert datiert werden kann.Auf den elf Hektar der Old Winery werden konventionell, d.h. nicht biologisch betrieben und zertifiziert, je zur Hälfte weiße und r
... (Ganzen Case öffnen)
91,7 Tsd.
mal gelöst
Fortgeschritten
Schwierigkeitsgrad
Expertencase von Francesco
Themen:
Our client is SmartBridge, a nonprofit educational institution offering face-to-face tutoring services. The client operates in the US.The mission of SmartBridge is to help as many students as possible to complete studies and prevent that they drop from the school system, in particular in disadv
... (Ganzen Case öffnen)
25,4 Tsd.
mal gelöst
Schwierig
Schwierigkeitsgrad
Expertencase von Luca
Themen:
Espresso Whatelse is an Italian company that produces coffee and espresso machines since 1908. It is the Italian market leader and has a strong presence overall in Europe. In 2019, Espresso Whatelse has increased its revenues but it has seen declining profit margin.Your client wants to understa
... (Ganzen Case öffnen)
14,7 Tsd.
mal gelöst
Schwierig
Schwierigkeitsgrad
Expertencase von Ian
Themen:
[PLEASE NOTE: This is a technically difficult case and should only be completed by those coming in as a Technology specialist, i.e. recruiting for McKinsey Digital, BCG Platinion, etc.]Our client is a multinational oil and gas company. While they are vertically integrated and have upstream, midstrea
... (Ganzen Case öffnen)
9,0 Tsd.
mal gelöst
Schwierig
Schwierigkeitsgrad
Verwandte Unternehmen
ex-Manager - Natural and challenging teacher - Taylor case solving, no framework
55
Meetings
535
Q&A Upvotes
17
Awards
30 Bewertungen
Verwandte Produkte
Break Into Consulting - Strategy Consulting Firm's All-In-One von Alexandre
Break Into Consulting - Industry Overviews von Alexandre
Break Into Consulting - Frameworks I wish I knew von Alexandre
BCG Online Case Combo: Software Simulation von Francesco
BCG Online Case Secrets von Francesco
Imbellus Solve Combo: Guide + Videos von Francesco
Imbellus Test von McKinsey – Guide von Luca
McKinsey Imbellus Solve Game Secrets von Francesco
The Secret McKinsey PEI Cheat Sheet von Robert
BCG Potential Test #2 von Gaurav
BCG Potential Test #1 von Francesco
Prep Guide for McKinsey PST von PrepLounge
McKinsey PST #3 von Riccardo
McKinsey PST #2 von Gaurav
