Great Prairie Group’s Cost Audit is a quick check on your plans and rationale for cost reduction and optimization. The audit asks critical questions to evaluate areas of strength and weakness as well as help your team improve the success of your cost optimization initiatives. These questions include the following:
The specificity of your answers will help you determine the level of strength of the strategic rationale supporting your cost reduction initiatives.
Eliminating unnecessary costs and assets.
Companies are squeezed for profits all the time with pressure coming from multiple fronts:
The net effect to the firm is downward pressure on prices, ever-increasing costs, and larger deployment of resources.
The Challenge. The reality is that not every dollar of cost is equal. Some costs drive customer value creation and profits directly; others do not. The goal is to know which costs, activities, and efforts yield the optimal return to the firm and its stakeholders.
We assist clients achieve their company’s optimal cost and asset structures
designed to meet ROA targets. What we do for our clients: