Case Study: a large approximately $5 billion SOE achieves 20% cost reduction opportunities with L.E.K. Consulting

a large approximately $5.0 billion SOE identifies over 20% cost reduction opportunities with LEK Consulting

The customer, a large state-owned enterprise (SOE) with approximately $5 billion in revenue, engaged L.E.K. Consulting to conduct a diagnostic of its indirect cost base. The challenge was to identify opportunities for cost reduction and to develop a transformation program to drive efficiency across the organization.

L.E.K. Consulting implemented its performance improvement expertise, using bespoke tools to rapidly identify and size cost reduction opportunities. The solution included hands-on coaching for management and a focus on addressing the root causes of cost escalation. The results were significant, with the review identifying cost reduction opportunities totaling over 20% of the addressable cost base. L.E.K. also provided a comprehensive, prioritized implementation plan to realize these savings and coached initiative owners to drive execution.