Cost Reduction- Real Estate

//Cost Reduction- Real Estate
Cost Reduction- Real Estate2019-05-19T17:21:35+00:00

Company Overview: $3B Industrial Engineering and Manufacturing Firm

Company Overview

A global industrial engineering and manufacturing firm. The company is present with over 170 production and service sites around the world. It has more than 15,000 employees in over 40 countries. The annual revenue is $3B.

Business Facts

  • There are 360 locations worldwide.
  • Their goal is to reduce spend on lease/facility expenditures.

Solution Deployed

  • Lease optimization: Shift from Owned to Lease and from Lease to Lease on demand
  • Selected key global real estate firms and set up database to globally manage our real estate costs and support footprint optimization.
  • Optimization on utility, facility management and property tax.

Results delivered

  • Reduced over 8% in facility expenditures/leases in 2016, expected saving 12% by 2018.