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Cost Transformation and the Cost Diagnostic Tool

How to design and deliver strategic, enterprise-wide change to drive sustainable cost savings and provide the financial flexibility to shape your organization.

Underpinning our cost offering is our proprietary market leading Cost Diagnostic Tool

The Deloitte Cost Diagnostic Tool acts as an accelerator for achieving business performance goals by providing clients with a service-based understanding of their costs. The tool enables clients to identify optimisation opportunities across large sets of data, displayed within a set of dynamic dashboards. These data-rich insights inform executive actions and can be embedded on an ongoing basis to support sustainable cost transformation.

Our Perspective

Improving business performance should be an enduring priority

Tackling the cost base now and on an ongoing basis is an essential enabler to improve business performance. This provides choices and financial flexibility in an increasingly volatile market.

A material improvement to business performance requires a shift in approach

To materially improve business performance, in addition to applying traditional cost levers, organisations must pursue opportunities which span across functional boundaries, challenge long-held views and address the ‘elephants in the room’. It is essential to make the difficult strategic decisions to unlock known cost opportunities and materially improve performance.

Connect leadership, data and discipline to sustain performance improvements

Establishing the right conditions for success will ensure leaders are aligned and able to make informed and rapid decisions based on data driven insights. Only then can organisations sustain performance improvements through greater cost discipline.

Creating the value and freedom to thrive now and in the future

An enduring focus on improving business performance ensures sustainable cost reduction, whilst also improving customer and colleague experience. Effective cost management results in business success and the freedom to fund other strategic aspirations.

How we deliver and sustain value

We help our clients design, build and embed scalable solutions to promote material cost reduction, create greater financial flexibility and empower greater strategic choices. Using a common approach across industries, our team of deep sector SMEs work with our clients to provide data-driven insights, market leading practice, and honest challenge to support improved business performance.

Vision & key decisions

Combine strategic thinking and data insights to define the vision statement and ambition for the organisation, including the key decisions required to achieve a step change in business performance.

Opportunities & design

Identify and analyse key strategic opportunities which span across functional boundaries to materially transform the cost base following a proven bottom-up (data-driven) and top-down (hypothesis-led) approach. Outline tangible steps required to achieve the change, including strategic opportunity design and delivery plan, and investment required.

Align & deliver

Develop a clearly defined execution roadmap, establish conditions required to deliver and embed the transformation, and mobilise the effort to deliver with a strong communication strategy and buy-in across the stakeholder landscape.

Embed & sustain

Embed sustainable cost management throughout the organisation, through a data-driven approach and a shared commitment and accountability.

What we can do for you

Expert team provides honest challenge

We have deep functional, business and industry cost expertise, based on extensive experience, that goes beyond just theory and provision of benchmarks to deliver achievable outcomes. We provide open and honest challenge to our clients to help them determine the art of the possible and move beyond internal boundaries and perceived limitations.

Data-driven tooling generates valuable insights for executives

We have data-driven tooling to quickly identify cost opportunities, provide executive insights, quantify the savings and track benefit delivery. Our data led approach brings to life the impact of changes for our clients and supports a culture of cost discipline and fact-based decision making now and in the future.

Practical delivery experience results in material business outcomes

We understand what is required to deliver successful strategic cost transformation. Based on years of experience we have identified the conditions required for organisations to successfully deliver business outcomes, including the importance of aligning leadership to transformation objectives to enable tough decisions in a timely and consistent manner.

Mature and coordinated global capability enables efficient delivery

We develop strategies and deliver efficiently, at scale, anywhere in the world, drawing upon local market knowledge and a global ecosystem of partnerships and alliances. We offer flexible delivery models where we partner with our clients to share both the risk and reward of the transformation.

Awards and Recognition

Gartner® Magic Quadrant™ for Digital Technology and Business Consulting Services

Deloitte is recognized as a Leader in the inaugural Gartner® Magic Quadrant™ for Digital Technology and Business Consulting Services, positioned furthest on Completeness of Vision.