Supply Chain Cost Management: The AIM & DRIVE® Process for Achieving Extraordinary Results

Expanding the Strategy

The AIM & DRIVE process is designed to continue the strategic focus on cost management, eternally. That’s why I use the circle to demonstrate the process. By now you should understand that if you want to manage costs, not just cut them, you need to identify your critical costs, develop a list of cost drivers, pull out the key cost drivers, and develop strategic options for each of those. Then, you know that a strategy statement has to be written for selected options and a robust risk-benefit analysis performed in order to prioritize your options into strategies. After that, you must write a realistic implementation plan, along with a contingency plan. Lastly, you learned that it is important to verify both quantitative ...