Three Examples of Process Improvements Delivering Cost Reductions
When looking to reduce costs, there are the usual suspects… and then there are sensible process improvements that reduce operating costs with minimal people impact.
By improving processes to better manage these cost centres, we’ve helped businesses realize soft cost savings with minimal impacts:
Equipment Costs
Team Capacity
Maintenance & Capital Programs
1. Equipment Costs
Our client struggled with diagnosing pump failures in the field, which resulted in unnecessary removal of ESPs plus production downtime. We developed an effective ESP troubleshooting process for operators to avoid the cost of unnecessary replacement, reduce the frequency of burning out ESPs during re-start attempts, and reduce average production downtime due to ESP trips.
Results:
$4MM avoided production downtime
$2MM annual equipment savings
0 impacted people
2. Team Capacity
We led a business transformation for a client that was under pressure to double the volume of their department’s work output without adding any headcount. We redesigned all core processes, dramatically reducing workloads, improving quality of outputs, and reducing frequency of errors.
Results:
24 processes with reduced cycle time
$27MM annual savings
0 reductions in quality
3. Maintenance & Capital Programs
Our client embarked on a business transformation to achieve +$20MM in savings on their Distribution Services business. We partnered with them to tackle their end-to-end maintenance planning & scheduling processes, streamlining the way they scope, plan, release, schedule, and complete maintenance work. We wrapped up our scope after implementing the first pilot project, which successfully delivered a 26% reduction in maintenance spend, setting the client up for success on their $20MM departmental target.
Results:
226% reduction in spend
1 new operating model
0 staff layoffs
Our secret advantage
Our multidisciplinary approach allows us to deliver tangible, sustainable results. We have access to the full spectrum of project support resources and can bring in any skills needed to properly address the problems our clients face:
Change Management: People-first planning and delivery for full adoption
Process Improvement: Identify the right changes to deliver real benefits
Project Execution: Practical, sustainable solutions for smooth progress
Looking for a cost reduction strategy that looks beyond the usual suspects?
Reach out to us at WorkWithUs@SolveConsulting.ca!