j galts cost innovation process

© Copyright 2000

“Companies overspend $260 billion every year.”The Spending Analysis Benchmark Report

The Aberdeen Group

“Only 7% of CFO’s are “very satisfied” with how their

companies manage costs.”Leading Practices in Expense Management

CFO Research Services

“Companies with sophisticated spend analysis programs review less than 50% of their costs.”

The Spending Analysis Benchmark Report

The Aberdeen Group

Mission

Implement a “no risk” cost innovation

process that leverages our clients

resources.

Mission Results

100% success with each client

increasing profits, quality, cash flow

and equity values.

Cost Innovation Process

Raw Materials Print Telecom

Waste Temps

A B C D =

Supplies Chemicals

Banking Insurance Shipping

Preparatory

phase

Collect

facts

Evaluate

opportunities

Plan

implementationGenerate

ideas

Review

progress

Analyze

savings

opportunities

Review /

Create

implementation

plan

Implement

plan and

measure

results

Identify

Project

scope /

Vision

Cost Innovation Process ©Challenge Discover Profit_____________ _______________ _________________

Collect &

evaluate

spend

data

Determine

needs

Brainstorm

& identify

savings

opportunities

© Copyright 2000

Value Added Analysis Reengineering

Auditing

BenchmarkingReverse Auctions

Negotiating

StrategiesProcess

Tools

“It’s difficult to find a place to save a million dollars, but there are a million places to find a dollar.”

Products– Medical Supplies (GPO &

Non-GPO)– Uniforms– Insurances (P&C,D&O)– Marketing Lists– Printing/Forms– Raw Materials– Shipping Supplies– Corrugated– Containers– Cost of Goods– Chemicals

Services– Advertising– Cash Mgmt– Banking Fees– Transportation– Maintenance – Software Licenses– Payroll Services– Telecom/Data– Temporary Staff– Uniforms– Waste Mgmt.– Transportation– Lab Testing

Audit Recoveries– Medical Plans

– Real Estate Leases

– Accounts Payable

– Employment Incentives

– Contracts

– R&D Tax Credits

– Sales and Use Tax

– Tax Assessment reversals

– Telecommunications

– Workman’s compensation

– Income tax

– Medical Claims

– Overnight Mail

0%

10%

20%

30%

40%

50%

60%

Air

Tra

vel

Printin

g

Telec

om

Shipp

ing

Supplies

Cos

t of go

ods

Tes

ting

serv

ices

Shipp

ing

Con

trac

tors

Tem

p Ser

vice

s

Banking

Fee

s

Was

te M

gmt

Service

con

trac

ts

Cop

iers

Energ

y

Che

micals

Case History Savings

Success Formula…

+ =

Process

Information

Power

Experience

Training

Resources

Ideas

Change

Agent

Why J. Galt?

Commitment LevelInnovative, enthusiastic project teams vested in building lasting relationships

with satisfied clients.ExperienceAll of our consultants are seasoned professionals and experts in their respective cost centers .“The best of the best”.

Peace of MindProven track record of achieving solid results and exceeding client expectations. Confidence that you’re performing at optimum levels.

CostYour Success is our Success. Our compensation is based on tangible results

with no upfront fees.

J. Galt Associates, Inc.A Cost Innovation Company

Contact Information

Kevin J. GrayPresident & CEO

34 Southgate DriveAnnandale, NJ 08801

908.735.0378x514

kjgray@jgalt.comwww.jgalt.com