Cost-takeout initiatives often have three components: workforce management, process improvement, and working capital optimization. However, many initiatives fail to make it past the first – why?
Creating meaningful change in business processes is complex and too often initiatives don’t progress due to the challenge of exactly identifying the changes that would create meaningful improvement – and quantifying the benefits. It doesn’t have to be this way: Process mining can turn inefficiency into actionable insight.
KPMG will break down the hurdles organizations face when seeking cost takeout from process operations and working capital, and discuss the steps organizations can take to help meet financial improvement goals.