Cost Reduction Case Studies

Imaginatik has helped many companies focus attention on cost reduction and develop ways to conserve significant financial resources.

These customers use our collective intelligence consulting as well as our Idea Central software to tap into the brainpower and expertise of hundreds, or even hundreds of thousands of employees -- to rapidly solicit, capture, refine and synthesize ideas across physical or divisional barriers to address business challenges like large cost reduction targets.

Recently, Imaginatik has:

• enabled a major retailer to engage 5,000 staff to identify ideas for reducing electricity, cooling and heating consumption -- resulting in more than $38M in utility cost savings


• helped a major consulting firm to bring together more than 2000 employees to develop methods to significantly reduce Days Sales Outstanding -- producing $100m+ in yearly savings.

Please click here for a video overview of our customers' recent successes.

A further valuable resource is the following White Paper:

WP-1109-1 Achieving Large-Scale Cost Reduction through Collaborative Innovation (686kb)

Please contact us if cost reduction is a priority for you this year.

Video Case Studies by Industry and Problem

• Global Manufacturing: $16 million margin improvement in 2008 through corporate-wide collection and implementation of best practices in plants


• IT Services and Consulting: $100+ million savings per year through reduced Days Sales Outstanding


• Retail: $38 million in savings from driving green decisions around the world


• Manufacturing: $30 million in savings due to reduced waste and improved efficiency


• Pharmaceuticals: significant new revenue opportunities for promising drugs already in the pipeline


• Healthcare: $2 million in savings and improved patient care


• Food and Beverage: savings of $5M/division annually, $200M worldwide due to reduced costs in food production