Major cost reduction program at a leading retailer

"Intuitive, easy to learn."

Challenge:

A major retailer was undertaking a large overhead reduction program of around 250 initiatives across multiple divisions and functions and needed a system to track them and report on savings achieved.

Solution:

Wave was implemented to track and report on the progress of every stage of the overhead reduction initiatives across the business. In particular, Wave helped by:

  • Providing the backbone for tracking and reporting on the entire overheads program
  • Measuring impact in both cost savings and FTE reduction and comparing progress against the plan by month, division, and function
  • Supporting performance dialogues at both the program level ($, milestone) and the initiative level (Gantt gate chart, milestone tracking)

Results:

To date, Wave has facilitated communication across the organization and all the ~ 250 initiatives have been entered into the system with expected gate dates, impacts, and milestones. In the very near future, $200mn in cost reductions is expected to be realized.


“(Excellent reports)...we should use the variance report when reporting on our other projects.”

~250
deliverables
30
users