- Cost Transformation
CTS Corporation: Bob Cortese CPA, CGMA
Whilst employed as Controller at CTS in Canada, Bob Cortese was involved in developing a suite of cost management initiatives. As a result, profits increased, costs were reduced and efficiencies in supply chain and production were maximised. In addition, an inclusive culture was created that made employees throughout the business an integral part of its success.
Calgro M3: Kevin Eidelman ACMA, CGMA
South African property development company, Calgro M3 Holdings Ltd, specialises in low cost, mixed use residential developments. Catering predominantly for low-income groups, one might think that Calgro is necessarily restricted to low profit margins. Yet, by employing a cost management strategy that runs through the whole business, the company’s profits have increased every year since 2011.
Tata Steel: Claire Osmundsen-Little ACMA, CGMA
Tata Steel has operations in 26 countries and is the second largest steel producer in Europe. One of its downstream operations is Tata Steel Packaging, which has facilities in Ijmuiden, Netherlands and Duffel, Belgium. They manufacture coated steel for packaging applications like food and drinks cans, aerosols and paint tins. After 2008, a major new strategic cost management approach was taken at the Trostre plant.