Our Impact
Global retailer undergoes transformation program in effort to increase revenue and reduce costs
Challenge
After recognizing there was room to move from good to great, a global retailer embarked on an enterprise strategic transformation to continually improve and evolve within its industry, and forecasted $132 million in impact.
Approach
Wave enabled those involved in the transformation, the ability to track initiatives created to reduce expenses such as cost of goods sold, SG&A expenses and taxes.
To increase revenue, the organization focused initiatives on new product launches, product innovation, operational efficiencies as well as an incentive structure for sales staff.
To increase revenue, the organization focused initiatives on new product launches, product innovation, operational efficiencies as well as an incentive structure for sales staff.
Results
Wave helped facilitate the execution of over 300 initiatives, all of which were fully realized. The organization announced a third quarter of strong results and saw an increase in revenues and gross margins, and a decrease in inventory.