Many organizations fail to use a participatory process to cut costs which can harm the morale and vitality of an organization.
True North’s open systems approach examines the relationships and interdependencies of your business processes, products, people and their skill sets, culture, rewards, and information technology. Such an approach to cost reduction minimizes the risk of damaging core capabilities from across-the-board cuts.
We bring together a cross-functional group to identify processes that are redundant, unnecessarily complex or inefficient, as well as practices that waste money and hamper productivity.
We create a portfolio of cost-savings and operational improvements to identify the quick wins, the most promising initiatives, and the more complex and harder-to-realize opportunities. We also use portfolio management techniques to assess ongoing corporate initiatives and determine if they justify further investment based on strategic congruence, operational importance and likely ROI.