Tuesday, 11 May 2010

$2b Savings in 21 months - From the head of a consulting oil and gas leader

From the head of a consulting oil and gas leader

I soon realized that our original efforts would never work in the time we had. We had to win over business unit leaders and their 65,000 staff to take on procurement as a fundamental way of doing business rather than a back office function.

We were targeted to achieve $1b of savings in just 18 months. We called in them to work with us on three critical areas – enlisting the hearts and minds of our people to a new way of working, creating the strategic imperatives that would meet our numbers and implementing these imperatives in the face of initiative overload and scepticism.

What was most striking was how they helped us marshal our staff around these new precepts and ways of working. We ran a series of roll out sessions and introduced their breakthrough principles. During these sessions wave after wave of our people created their view of the future direction and imperatives once we had outlined the challenge. Once people got clear that we trusted them and we believed they could contribute, they went way beyond what we expected. In the end we produced $2b in savings in 21 months.


If this is relevant to your business and to find out who 'they' are then please call Rachel on:
0844 375 4316

1 comment:

  1. You put a z in realised. Is it because your using dollars that you put the american spelling in?

    ReplyDelete

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