How a tech giant cut over $100 million in transaction costs

Cuture of Innovation, Value Creation

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Meet the Client

Technology
165,000 Employees
United States
A multinational computer technology giant and top-ranking Fortune 500 company.

Challenge

This global technology leader was looking for the most effective way to build innovative practices into their daily operations and culture. After an initial ExperienceInnovation™ Learn workshop, a senior executive wanted assistance meeting a huge cost goal of $100 million for the company’s 13th generation of servers, storage and networking procedures.

Solution

The company assembled a cross-functional team of 60 stakeholders — including decision-makers from the company’s marketing, engineering, sales, services and procurement divisions — to participate in 15 one-day internal workshops to identify cost-saving opportunities. The process generated 4000 ideas; the team vetted and co-developed the best ones.

Result

A 13th generation of products launched with over $100 million in actualized transaction savings. This success enabled the immediate roll-out of ExperienceInnovation™ Learn workshops to 2500-3000 more employees around the world. Within two years, the company reported that 80% of employees felt their ability to innovate and create value had either grown or grown significantly.

“We’re getting people together to figure out how to solve these problems, they’re coming up with great ideas and they’re hitting the bottom line.”

Procurement Director

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