Insights from The Lab

Knowledge Work Industrialization

Category: Knowledge Work Industrialization


Cost Reduction Strategies and Examples of Cost Cutting with Lean Methods

In this article, we’re going to focus on more hiding-in-plain-sight cost-reduction ideas. Specifically, we’ll explore three drains on business value that you can start plugging today.

Perceiving the potential of knowledge work standardization is difficult. That’s because it’s not on the balance sheet. Accounting rules mandate that the activities of knowledge workers appear as expenses on the income statement. But these competencies are the most valuable, albeit intangible, assets in the business!

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3 Valuable Corporate Cost Cutting Strategies & How to Apply Them
By The Lab Consulting Cost Reduction Knowledge Work Industrialization
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3 Valuable Corporate Cost Cutting Strategies & How to Apply Them

Vendors of digital technology still claim that their solutions will “gently force” knowledge workers to change their ways. But if that were truly the case, where are all the productivity gains and cost savings?

In this article, we’re going to help you overcome three major roadblocks that stubbornly stand in the way of using IT capabilities to achieve cost cutting in business operations.

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Cutting Costs in the Fortune
By The Lab Consulting Cost Reduction Knowledge Work Industrialization
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Cutting Costs in the Fortune 500 – A True Story

This is the story of Michel, the European-based CFO of a global tire manufacturer. He’s also a staunch advocate of cost-cutting strategies that rely on standardizing knowledge work. But that’s getting ahead of the plot.

When our tale began, Michel had flown across the pond to visit Pete, his head of manufacturing for The Americas operations. Over lunch, the topic of audits arose.

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