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  • Transformation of operational efficiency implementing cost optimization

    Client: Split Financial
    Business: Financial
    Budget: $250,000
    Experts: Trevor Pena, Etta Webster

    Transformation of operational efficiency implementing cost optimization

    Client: Split Financial
    Business: Financial
    Budget: $250,000
    Experts: Trevor Pena, Etta Webster

Chalice Consulting analyzes the ways for transforming financial operating efficiency implementing cost optimization methods creating the necessity of having access to relevant, reliable, and timely information on proficiency and available costs.

The ChallengeOur client, a leading U.S. retailer, had grown dramatically via an aggressive new-store opening strategy. As the retailer approached the end of its store expansion goals, the CEO began to contemplate where the next wave of growth would come from and what capabilities the retailer needed to drive that growth.

SolutionWe deployed our growth methodology to support the CEO over more than a year to generate significant savings and enable investment in growth. The initiative started with an assessment phase, in which we benchmarked the retailer’s performance, assessed its organizational effectiveness, set improvement targets, and developed an agenda for strong growth.

ResultsThe retailer reaped significant benefits from the initiative across each of the three objectives. It was able to exceed $590,000 in net cost savings in the targeted areas and saved more than planned within the first year. With its new management forums, decision-making processes, performance management, and talent development processes, the company has increased its organizational effectiveness and fuelled a high-performance culture ready to drive growth. In parallel, the retailer has improved its capabilities in customer insights, merchandising, marketing, and Internet retailing via targeted reinvestment. The CEO and the CFO have publicly acknowledged the initiative’s contribution to the company’s overall performance, which was further evidenced by a 32 percent increase in the company’s stock price within 14 months.

Services– Financial planning – Economic capital management – Retirement planning

Client's Review

Appointed Experts

  • Andrew Shimmer photo

    Trevor Pena

    Consultant

    8 years of experience

  • Ann Maisner photo

    Etta Webster

    Marketing Director

    12 years of experience

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