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Large US construction aggregate company launches major cost-optimization program

By the numbers

200

initiatives

25

users

10

business units

Large US construction aggregate company launches major cost-optimization program

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.

Large US construction aggregate company launches major cost-optimization program

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
Large US construction aggregate company launches major cost-optimization program

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

Learn more about how Wave can help your organization.