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The question of ‘where the profit lies’ and what drives the costs concerns big and small organisations.
Principality Consulting combines proven Activity Based Management methodologies and sector knowledge to help rationalise services and products. Reviewing the business processes to identify strengths and weaknesses and deliver a comprehensive analysis of where to cut back; where to tighten operations and where to invest.
Principality Consulting expands the perspective of managing costs from the traditional labour and capital which go into the final product, to consider the specific costs incurred by discrete activities. Our consultants undertake quantitative Activity Based Management evaluation of unnecessary cost-consuming activities, identifying which activities contribute to productive efficiency to streamline production processes and increase overall efficiency in terms of the right resource investment.
Read on for details of how we helped an award-winning hotel with problem-solving through Cost-Down Analysis to inform Corporate Strategy with the aim of achieving the same level of output and quality with lower costs.