Faced with rising costs and market pessimism, a supermarket operator with over 1,500 stores in 16 states realized the need to protect earnings in uncertain times. An enterprise-wide plan for cost reduction was launched alongside a program to identify and prioritize opportunities for savings. The leadership team turned to North Highland to drive implementation in three phases. The resulting initiative delivered a quantified list of cost savings opportunities, complete with financial and operational analyses of each. In the end, 172 fully developed opportunities added up to over $25M in first-year savings and more than $100M in future years’ savings.
Driving Enterprise Cost Savings in Uncertain Market Conditions
CFO, Retail and Consumer Goods
February 19, 2014