Large US construction aggregate company launches major cost-optimization program | Transformation

200

initiatives

25

users

10

business units

Challenge

A basic-materials company wanted to avert a takeover and therefore implemented huge cost-optimization measures across sourcing, general and administrative units. The organization wanted help identifying initiatives to realize $100 million in earnings before interest, taxes, depreciation, and amortization (EBITDA). They also needed a platform that could monitor and report on the progress of the initiatives and their impact.

Approach

The team implemented Wave to do the following:

Capture and track the progress of more than 200 initiatives and actions from different functions across the United States
Instantly generate checklists for the program management office (PMO)
Monitor the impact from two sets of goals 6 months apart
Provide off-the-shelf reports for board meetings

Results

The company managed to prevent the takeover by rolling out an aggressive cost-optimization program, which generated $100 million in EBITDA.

Wave helped it achieve this by taking the following steps:

Providing an aggregating tool for initiatives across different territorial units
Delivering an overview of the implementation status of initiatives and actions
Tracking the impact of the initiatives
Enabling the PMO to have real-time updates on the initiatives and their status
Providing the “big picture” to allow timely reactions to prevent delays
Supporting board meetings with key information

“Wave introduced a structured approach in a project that had so many moving pieces.”

–Wave End User

200