Material costs - and personnel costs - account for the lion's share of administrative costs. Generally, however, the management process doesn't adequately take these costs into account. It is typical of the current situation that many banks don't implement strategic and focused measures to reduce material costs, but initiate stand-alone measures. zeb/ ensures transparency of all cost cutting potential for financial service providers and helps them to sustainably optimize their cost monitoring structures.
Based on an analysis of the key material cost pools, we help you to firmly establish material cost management in your organizational structures. zeb/'s material cost reduction concepts enable you to reduce your expenditure items by up to 20 percent.
- First of all, we analyze the cost structure (cost types, cost centers, extent to which they can be influenced, benchmarking etc.) and identify the main leverage.
- Based on the identified leverage, we define differentiated cost reduction options.
- Then we prioritize specific measures in terms of cost reduction potential and chances of successful implementation.
- In the next step, we implement a material cost management system which helps you to monitor costs.
- We then tap into the cost reduction potential by implementing the measures in the defined order of priority.