A custom inspection form embedded business intelligence and guided the user through a specific set of questions that the client required.
The team replaced subjective opinions of market conditions with objective-based criteria and standards, allowing fact-based assessments of potential savings.
The inspections resulted in assembled information that had not previously been available to formulate a strategic approach to all lease renegotiations.
A custom inspection form embedded business intelligence and guided the user through a specific set of questions that the client required.
The team replaced subjective opinions of market conditions with objective-based criteria and standards, allowing fact-based assessments of potential savings.
The inspections resulted in assembled information that had not previously been available to formulate a strategic approach to all lease renegotiations.
Least-cost dashboards tracked lease renewal activities, while providing individual and aggregated views of cost savings by market, property type, and defined categories.
The dashboards were shared with transaction managers to regularly create and review expectations, performance against targets, and action plans for improvement. Comparative analysis of similar situations of vendor performance allowed for identification of effective negotiation strategies and allowed shared best practices.
By implementing a strategic approach to transactions management and creating an objective-based approach based on specific granular information, the customer experienced more than a 3% savings against prior run rate budgets.
The end goal in portfolio and process management is optimization. Capital-intensive assets are distributed to best meet demand, and the organizations responsible for long-range planning and utilization are fully in control.
Outdated business processes are strangling organizational goals of increased productivity and flexibility. Employees struggle to achieve basic awareness of assets, working through disconnected database and functional silos.
A strong process and information foundation creates a platform from which higher value goals can be pursued. Increased operational awareness, better decision-making and shared information lead to a sense of gaining control.
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