Large aggregates player in the US market launches major cost optimization program to prevent hostile takeover

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

Challenge:

The basic materials company wanted to avert a hostile takeover and decided to implement huge cost optimization measures across sourcing (5BUs) and G&A (5BUs). It asked the team to identify initiatives to realize 100mn USD in EBITDA. Further, it needed a platform that could monitor and report on the progress of the initiatives and their impact.

Solution:

The team implemented Wave to track the progress of these initiatives and was used to:

  • Capture and track the progress of ˃ 200 initiatives and actions from different functions across the US
  • Instantly generate checklists for the PMO
  • Monitor impact from 2 sets of goals 6 months apart
  • Provide off-the-shelf reports for board meetings

Results:

The company managed to prevent the hostile takeover by rolling out an aggressive cost optimization program which generated 100mn USD in EBITDA. Wave helped it achieve this through:

  • Providing an aggregating tool for initiatives from 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 made it easy to track progress without a monster xls file that would have taken days and days to keep updated.”

~200
initiatives
25
users
10
business units