Fixed Cost Reduction
Reduce your recurring expenses by 20-40% in most categories without changing your operating model, service levels, or vendors. Commonly reviewed categories are waste removal (including medical waste), telecommunications, utilities, maintenance contracts, shipping and logistics, armored car service, bank fees, and many more.
We partner with experts in each category who know the industry ins and outs, can easily spot hidden or cryptic billing errors, know what your neighbors and competitors are paying, and can expertly negotiate on your behalf with your existing vendors without harming your relationship.
With a fixed cost reduction engagement there are no upfront or consulting fees – you will only pay a share of the actual savings (not forecast or theoretical), and every bill or invoice will be monitored for the duration of the contract.
For more information, read Why Cost Reduction Initiatives are Killing You and contact us.01.
We will help you optimize your costs by taking an unbiased look at your business and operating model, reviewing business cases for your planned initiatives and vetting the financials, optimizing your processes and determine what can be automated, and developing a clear and actionable strategy to implement the recommendations with minimal disruption to your organization. Unlike cost reduction, cost optimization may involve changing your operating model, service levels, and vendors.02.
Workforce Strategy and Planning
Your workforce is the most important component of your operating model. With the rapid pace of change in the business world today, you need to have the right people at the right time and in the right roles by proactively anticipating your current and future hiring needs and ensuring that your teams have the resources they need.
We will help you achieve the optimum balance of full-time staff and contractors and determine when and where to implement outsourcing and managed services agreements. This is not necessarily about reducing headcount or staff costs; it is about building an organizational structure that helps you realize your business objectives and derive maximum value while minimizing burnout and attrition.03.
Any organization’s success hinges on its people, which is why your workforce is the most important component of your operating model. Disengaged employees do not perform to their full potential, so how can your business? Engaged employees provide better customer service, have lower attrition rates, fewer lost time injuries and accidents, less inventory shrinkage (internal theft, clerical errors, fraud), lower absenteeism, higher quality, and increased productivity.
We will help you get your finger on the pulse of your workforce, and then develop an actionable employee engagement plan. Start by reading Why should we care about employee engagement? and then get in touch.04.
Organizational Change Management
Any meaningful changes to your organization will be disruptive, and they can become meaningless or result in operational losses if they are not adopted as intended by the people affected. Whether these changes are the result of cost optimization, a new operating model, organizational structure changes, digital transformation, or major systems implementation, we will help you manage this change and significantly reduce the chance of rejection by the enterprise.
We take a people-centered approach to everything we do so we will consider organizational change management from the first day of our engagement; if you are not currently a client, get in touch if you are considering any major initiatives and we will help your initiatives succeed.05.
General Business Advisory and Management Consulting
Improve your performance with objective advice borne from years of experience both domestically and internationally. We will help you make tough choices that produce significant differences and to be able to accurately see the consequences – both positive and negative. See the Why Bowie-Teiko Advisory page and contact us to learn more.