Global retailer undergoes transformation program in effort to increase revenue and reduce costs | Transformation

2,100

initiatives

190

users

1

year of Wave use

Challenge

After recognizing there was room to move from good to great, a global retailer embarked on an enterprise strategic transformation to continually improve and evolve within its industry, and forecasted $132 million in impact.

Approach

Wave enabled those involved in the transformation, the ability to track initiatives created to reduce expenses such as cost of goods sold, SG&A expenses and taxes.

To increase revenue, the organization focused initiatives on new product launches, product innovation, operational efficiencies as well as an incentive structure for sales staff.

Results

Wave helped facilitate the execution of over 300 initiatives, all of which were fully realized. The organization announced a third quarter of strong results and saw an increase in revenues and gross margins, and a decrease in inventory.

“We’ve never had one system to track projects before nor a consistent way to measure projects. Wave was excellent in that respect.”

–Wave End User