Holistic approach to cost transformation drives growth, resilience
Businesses have been inundated with challenges and change at a speed, scope and scale that is unprecedented. From changing employee mindsets and shifting customer demand to supply chain disruption, labor shortages and record inflation.
At the center of this perfect storm? Cost. As executives rethink and reimagine their business, they must reset cost structures and redeploy resources to support it and build new capabilities that can help enable them to adjust as conditions change.
When everything has changed, where do you begin? We start at zero with a holistic zero-based approach by rethinking priorities from end-to-end, weighing the tradeoffs required from the start. It's no longer simply about containing, cutting or optimizing cost. Transformation requires a fundamentally new approach to cost, driven by rethinking priorities and redeploying resources as a key strategy to drive growth and resilience.
With inflation hitting a 40-year high, CEOs need to transform costs with a zero-based approach. Here are 5 moves to make now.
Face the challenge of the labor shortage with a zero-based approach and review all of the work done today from a clean sheet.
Instead of getting back to “normal” post-pandemic, there's an opportunity to forge a better, more-profitable way forward.
Invest resources where they can have the greatest impact and drive growth, resilience and competitive advantage.
Combine AI, data, and “should cost” analysis to help gain visibility and flexibility to make decisions rapidly as conditions change.
Align cost strategy and resources with priorities such as sustainability to transform responsibly and deliver 360° value.
Reimagine your organization and workforce, aligning cost structures and resources to support that vision.
Use data and insights to identify the “should cost” of goods and logistics to help optimize performance, price and agility.
Adopting ZBT is an investment in tomorrow. By infusing new technologies and an owner-operator ethos across your organization, we can help you shift cost curves and reimagine work itself.
Define the right customer experiences and price points for each segment. Evaluate total share of wallet to optimize investments and grow revenue.
Clean sheet your company. Determine your future needs and redesign to shift talent away from work that doesn’t drive the outcomes you want.
Identify General & Administration (G&A) with an unprecedented level of granularity to make bold choices that free up cash for growth initiatives.
Pinpoint the “should cost” of goods sold based on price, performance and value engineering, then optimize products and services accordingly.
Accenture outlines how zero-based transformation enables companies to reimagine the business, reset cost base and invest in new strategic priorities.
Accenture outlines the impact of inflation on business and how leaders can survive and thrive through a high inflation environment.
Explore the four employee mindsets and the challenges they present to the C-Suite when launching change initiatives.
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