Companies can use a category-specific analysis to identify the best alternatives to conventional sourcing strategies.
Featured Insights
Drive Future Growth
Article
May 1, 2024
A holistic, outcome-based cost management approach that’s part of an enterprise-wide transformation can change an organization’s business for the long term and allow it to operate at its full potential.
Article
June 3, 2024
Leaders needn’t wait for a crisis. A playbook exists for building an always-on, disciplined approach to cost excellence.
Article
May 31, 2023
Most company efforts to reduce expenses fail. Four challenges block the way: two reflecting what costs get cut, and two related to how value is delivered.
Optimize Operational Efficiency
Article
March 6, 2025
Companies have already taken steps to reduce costs along the supply chain. Further reductions require tougher decisions in several key areas.
Video
January 27, 2025
The Cost-Saving Power in Procurement
Declining producer prices have given process industry firms a crucial but limited window of opportunity to renegotiate contracts and set a new cost baseline.
Article
February 22, 2024
Organizations’ biggest cost is usually operations, making it the first place to seek efficiency and productivity improvements to fund the future.
Article
September 25, 2024
As the global business landscape grows more complex and politically fraught, companies are struggling to balance cost reduction, supply chain resilience, and access to key markets.
Enable Cost Excellence Across the Organization and Leadership
Article
November 1, 2024
Focus less on rigid details and more on flexible, tech-powered planning.
Article
February 22, 2024
Rethinking organization design does more than eliminate unnecessary expenses. It aligns decisions and resources with strategic goals, and promotes sustained performance.
Article
April 12, 2024
In an increasingly turbulent world, the need for and the challenges of corporate change remain remarkably persistent. Empirical insights reveal how change leaders can beat the odds.
Article
February 7, 2024
Having an emotionally strong workforce makes it likelier that organization-wide changes will succeed. Cultivating it means helping people fulfill four fundamental human needs.
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Hear from Our Cost Management Experts
Video
August 8, 2024
Taking Control of Your IT Spending
IT costs can be reduced much easier, and to a much greater extent, than many realize. Michael Grebe explains how.
Video
March 6, 2024
Building the Factory of the Future Today
BCG’s Daniel Kuepper explains how manufacturers can strategically approach cost management to bring about the factory of the future while reducing costs in the present.
Video
March 6, 2024
Asking Hard Questions to Deliver Lasting Cost Results
BCG’s Mei-Jung Chen illustrates how leaders of consumer electronics companies can ask the right questions to unlock short- and long-term cost benefits.
Video
October 10, 2023
Leaders need to thoughtfully manage costs now to sustain future growth. But each company’s path to cost savings is unique, as BCG’s Paul Goydan explains.
Video
January 26, 2024
Optimizing Costs Without Compromising Competitiveness
Discover how companies can balance cost-saving and long-term growth with Jacopo Brunelli's insights.
Video
January 26, 2024
Talent, Tech, and Resilience
Dustin Burke outlines three key challenges operations leaders can expect to face when navigating a cost transformation in 2024.
Video
November 16, 2023
Daniel Weise explains why it is critical for executives to spot and manage cost increases as early as possible.
Embed Tech into Cost Excellence
Article
April 30, 2024
Too often, IT projects fail to live up to their hype. Why does it keep happening—and how can it be fixed?
Article
February 22, 2024
Making IT a core element of a cost initiative allows the organization to optimize operations, reduce spending, improve service delivery, and enhance competitiveness and efficiency.
Video
June 20, 2024
Build or Buy GenAI Solutions?
Does your company need custom GenAI solutions, or are off-the-shelf products the better choice? BCG’s Rob Derow discusses the factors to consider when making these decisions.
Article
August 29, 2023
Companies have reinvented their business models, IT architecture, and ways of working. So why are they taking an outdated—and largely unsuccessful—approach to ERP?
Look Across Industries
Article
February 13, 2025
How can fashion brands drive adoption to unlock the benefits of next-gen materials? A report by Fashion for Good and BCG provides a blueprint.
Video
January 21, 2025
Closing the Cost Gap in Auto
Xavier Mosquet describes how Western automakers can learn from those in China and offers additional insights on how the industry can be more competitive on cost.
Article
September 30, 2024
Governments that engage in strategic cost optimization can recoup 10% of costs—or more—on a whole-of-government basis using existing tools.
Article
January 19, 2024
To thrive during turbulent economic times, health systems can learn from the aviation industry, which embraced novel diversification approaches to maintain revenue stability and improve profitability.
Article
February 27, 2024
Demand is solidifying for products that use biological processes and genetically modified microorganisms in place of traditional production methods. But for change to happen, costs must come down.
Article
July 22, 2024
BCG's Cory Kaplin explores the role that behavior, culture, and productivity play in helping companies achieve their cost and growth ambitions.
Our Latest News Headlines
Catch up with what our experts are saying across leading news publications around the world.
BCG's Paul Goydan spoke to Bloomberg on how North American and European executives in particular are increasingly concerned about margins and profitability. “The gap between revenue growth and cost pressures has narrowed, and CFOs are feeling the squeeze. Many businesses are now shifting their focus to structural cost transformation rather than short-term cuts to maintain profitability in a slower-growth environment.”
Read the article — Paul Goydan
