Typically, so-called “profit improvement teams” (PIT) are deployed within the scope of turnaround projects in which substantial cost savings must be realised within a very short time for the purpose of stabilising a company’s financial result. Against this background, our profit improvement teams bring together individual experts with many years of operational experience and comprehensive restructuring know-how. We draw on our own force of consulting specialists and work closely with a large network of external experts to enable us to do this.

When used in the context of a project situation like the one described above, the PIT usually follows a three-stage project approach:

 

Figure 1: Three-stage project approach for the use of a PIT

 

  • 1) INITIAL SCAN: In the first stage, transparency is first established regarding the current situation – that is, the reasons for the existing crisis situation are clarified. These findings then serve as the basis for a systematic analysis of cost reduction potential.
  • 2) DERIVATION OF MEASURES: In the second stage, the focus is on the development of specific cost-cutting measures. These are then prioritised according to their potential savings and implementation speed and transferred to an implementation roadmap.
  • 3) TARGETED IMPLEMENTATION: In the third and final stage, any identified cost-cutting measures are detailed, approved and systematically implemented. A consistent controlling procedure is also put in place.

 

Five central success factors have emerged on the basis of numerous projects carried out across various industries:

  • An experienced project team for cost reduction programmes: FOSTEC & Company has access to specialist teams with extensive experience in cost-cutting programmes, since this is the only way to achieve the necessary savings in the typically very short period for action
  • Thorough implementation: Short, but systematic analysis phase with focus on the formulation of measures to be implemented
  • Intensive project controlling: Constant monitoring of project progress and results in comparison to business case based on planned cost savings potential
  • Holistic concept: Strategic superstructure ensures the consistency of all operational and short-term levers with long-term goals
  • Cooperation between clients and consultants: Constant, constructive and quality collaboration between internal and external teams – that is, involvement of the organisation in question and joint development of solutions

 

FOSTEC & Company will be happy to support you with your turnaround by providing a high-performing profit improvement team. Through our consulting activities and our network, we have a good sense for job requirements and profiles in the areas of e-commerce and digitalisation.

Get in touch for more information!

Contact one of our experts

Markus Fost, MBA, is an expert in e-commerce, online business models and digital transformation, with broad experience in the fields of strategy, organisation, corporate finance and operational restructuring.

Learn more

Markus Fost

Managing Partner
Markus Fost, MBA, is an expert in e-commerce, online business models and digital transformation, with broad experience in the fields of strategy, organisation, corporate finance and operational restructuring.

FOSTEC & Company is known from

View more

FOSTEC & Company GmbH

Marienstraße 17, D-70178 Stuttgart

info@fostec.com

+49 (0) 711 995857-0

+49 (0) 711 995857-99

Contact us now