Situation
Our client was a natural gas and pipelines company in need of a way to lower costs during changing regulatory and market conditions.
Challenges
The main challenges we faced on this project included:
- Addressing significant cost reduction requirements
- Working within a fluctuating market period
- Dealing with the potentially negative aspects associated with cutting costs in a company along with related change management requirements
Actions
To address these challenges, our consultants:
- Conducted process mapping to identify why processes are needed — and related cost-effectiveness
- Conducted an in-depth financial analysis on processes and on the roles within the organization
- Worked with client teams in making recommendations based on the research conducted, along with an identification of steps to take for implementation
Results
At the conclusion of the project all the key success factors had been achieved, and the client was highly satisfied with the project deliverables and the value added by Schroeder & Schroeder Inc. Our actions resulted in:
- Successful implementation of the recommended changes
- A more cost effective and profitable company