With the global economy impacted by Covid-19 pandemic, many organizations are pressured to reduce costs as a critical measure to business survival. However, executive leadership should avoid a quick reflexive response and only consider short-term solutions that would impact long-term competitiveness. Rather, they should adopt cost optimization approach that goes beyond simple cost-cutting exercises.

Devon helps clients realign their cost structure to the most strategic priorities to make sure that every dollar they spend will serve their strategy. At Devon we help clients define and fix the cost leakage points across the value chain to enhance top and bottom lines. Our cost optimization program consists of a five-step approach supported by zero-based budgeting (ZBB) and other tools and techniques to deploy quick wins as well as sustainable cost reduction to achieve enduring cost improvement.