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Case Study

Cost reduction solutions for global organization

August 8, 2023 / 1 min read

A $4B publically traded medical device supplier reduces costs by over five percent.

The client

A multi-billion dollar medical device company sought a new strategy for the upcoming cost reduction storm.

The challenge

The supplier’s global operations lead was handed a challenge from the CEO: Get ready for upcoming mandated cost reduction requirements by reducing costs by 5 percent. In addition, the organization wanted to improve its operations capacity to meet its projected growth.

The solution

Our cost reduction consultants assessed the client’s manufacturing facilities, identifying opportunities to reduce costs and enhance efficiency while maintaining superior product quality. We worked closely with senior management to determine cost reduction solutions that fit the specific needs of the organization. The team evaluated all aspects of operations, manufacturing strategies, and product lifecycles to pinpoint every cost-saving opportunity. Multiple implementation projects were initiated to rapidly achieve key savings opportunities.

The benefit

Our recommendations have resulted in several benefits for the medical device supplier, including:

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