Knowing the cost base and cost structure enables the process to strengthen the competitiveness and improve the bottom-line. A cost survey can be made through high level mapping or detailed mapping within a limited pre-defined area.
- The purpose of the general cost survey is to understand the cost structure of the company and to identify the opportunities of improvement.
- The process for executing the cost survey is based on the following steps:
Structure and processes
Cost drivers
Supply chain risks
Link to high level strategy
Performance systems in place
Roadmap to reduce the cost
- High level mapping of the cost structure helps selecting the levers, gaps and area to prioritise as next step.
- Next step improvement programmes derived from the cost survey can among others be e.g. sourcing and procurement, transportation and logistics, value engineering, competence lift, value chain optimisation etc.
Scottnordic has the competencies and models in place to perform a cost survey to be used for preparing an opportunity assessment and roadmap for realisation of cost reductions. The opportunity assessment and roadmap are closely linked to the overall strategy of the client. The approach of Scottnordic is based on quantitative and qualitative data collection and analysis including inteviewa with key persons.