Case Studies

Driving Enterprise Cost Savings in Uncertain Market Conditions

After the declining US economy claimed as victims such well-known retailers as Circuit City and Linens n' Things, a national grocer who operates hundreds of stores actively sought their own financial insurance policy to combat the slowing retail market. The grocer needed to provide options to protect its bottom line as consumer spending fell and fuel costs were on the rise. As a response, the grocer's executive committee opted to launch an enterprise-wide cost reduction initiative as a contingency plan to protect future earnings.

As a result, North Highland provided the necessary independent expertise to work with the grocer's cross-functional leaders to investigate, analyze and prioritize over 350 cost savings opportunities. The total cost savings equaled in excess of $25 million in year one and exceeded $100 million in future years. The project's success provided the client with the necessary financial insurance policy as well as the flexibility to make corporate investments and preserve financial results in the wake of a declining economy.

Access the complete case study to learn more about how North Highland helped deliver this cost savings project to the client.