J Galts Cost Innovation Process
13
© Copyright 2000
Transcript of J Galts Cost Innovation Process
© Copyright 2000
“Companies overspend $260 billion every year.”The Spending Analysis Benchmark Report
The Aberdeen Group
“Only 7% of CFO’s are “very satisfied” with how their
companies manage costs.”Leading Practices in Expense Management
CFO Research Services
“Companies with sophisticated spend analysis programs review less than 50% of their costs.”
The Spending Analysis Benchmark Report
The Aberdeen Group
Mission
Implement a “no risk” cost innovation
process that leverages our clients
resources.
Mission Results
100% success with each client
increasing profits, quality, cash flow
and equity values.
Cost Innovation Process
Raw Materials Print Telecom
Waste Temps
A B C D =
Supplies Chemicals
Banking Insurance Shipping
Preparatory
phase
Collect
facts
Evaluate
opportunities
Plan
implementationGenerate
ideas
Review
progress
Analyze
savings
opportunities
Review /
Create
implementation
plan
Implement
plan and
measure
results
Identify
Project
scope /
Vision
Cost Innovation Process ©Challenge Discover Profit_____________ _______________ _________________
Collect &
evaluate
spend
data
Determine
needs
Brainstorm
& identify
savings
opportunities
© Copyright 2000
Value Added Analysis Reengineering
Auditing
BenchmarkingReverse Auctions
Negotiating
StrategiesProcess
Tools
“It’s difficult to find a place to save a million dollars, but there are a million places to find a dollar.”
Products– Medical Supplies (GPO &
Non-GPO)– Uniforms– Insurances (P&C,D&O)– Marketing Lists– Printing/Forms– Raw Materials– Shipping Supplies– Corrugated– Containers– Cost of Goods– Chemicals
Services– Advertising– Cash Mgmt– Banking Fees– Transportation– Maintenance – Software Licenses– Payroll Services– Telecom/Data– Temporary Staff– Uniforms– Waste Mgmt.– Transportation– Lab Testing
Audit Recoveries– Medical Plans
– Real Estate Leases
– Accounts Payable
– Employment Incentives
– Contracts
– R&D Tax Credits
– Sales and Use Tax
– Tax Assessment reversals
– Telecommunications
– Workman’s compensation
– Income tax
– Medical Claims
– Overnight Mail
0%
10%
20%
30%
40%
50%
60%
Air
Tra
vel
Printin
g
Telec
om
Shipp
ing
Supplies
Cos
t of go
ods
Tes
ting
serv
ices
Shipp
ing
Con
trac
tors
Tem
p Ser
vice
s
Banking
Fee
s
Was
te M
gmt
Service
con
trac
ts
Cop
iers
Energ
y
Che
micals
Case History Savings
Success Formula…
+ =
Process
Information
Power
Experience
Training
Resources
Ideas
Change
Agent
Why J. Galt?
Commitment LevelInnovative, enthusiastic project teams vested in building lasting relationships
with satisfied clients.ExperienceAll of our consultants are seasoned professionals and experts in their respective cost centers .“The best of the best”.
Peace of MindProven track record of achieving solid results and exceeding client expectations. Confidence that you’re performing at optimum levels.
CostYour Success is our Success. Our compensation is based on tangible results
with no upfront fees.
J. Galt Associates, Inc.A Cost Innovation Company
Contact Information
Kevin J. GrayPresident & CEO
34 Southgate DriveAnnandale, NJ 08801
908.735.0378x514
