Finance and Controlling
Global competition presents companies with the challenge of continuously adapting their cost structure, while taking increasing customer requirements into account.
With proven cost management tools and comprehensive expertise, particularly in the automotive sector, EFS Consulting offers proven solutions for customers.
Achieving sustainable cost-reduction results requires a deep understanding of OEM and supplier processes. EFS Consulting has generated savings in over 150 cost-reduction projects at the organizational, technical and economic levels.
We keep an eye on costs.
“What is the market willing to pay for the product?”
Together with our customers we deal with questions concerning target cost accounting. With our experience and methodical knowledge, we ensure that target costs for a competitive product can be determined as early as possible in the product development phase.
We bring together the cross-departmental requirements – from sales, development, IT, production to controlling – and compare the functionalities of the product to be developed.
We deliver a consistent profitability calculation.
“In what configuration is a product economical?”
By performing profitability calculations, we meet the challenges of the large range of product variants. For example in an automotive context, we identify the right reference vehicles – those that give the best representation of the overall portfolio or variance. We can subsequently use these defined reference vehicles to calculate the profitability of entire model series.
With the help of a comprehensive material cost management system, we break down product costs into individual parts. The specific challenge is to handle different maturity levels of components at each point of the product development process.
We ensure that the costs are consistently considered. Especially those that cannot be precisely quantified at the beginning. Thus, the statement on profitability remains valid throughout the entire product development process. To this end, we rely on the continuous tracking of material and tool costs.
With its in-depth knowledge of methods and industries, EFS Consulting is a reliable partner in terms of target cost tracking and sustainable cost reduction.
Our asset: we create transparency and reduce complexity for our clients.
We evaluate potentials for cost reduction.
We enable organizations to generate and implement the greatest possible potential for cost reduction. Together with our clients, we design processes that link the strategic/conceptual with the operational level, bundle concrete ideas for cost reduction, and make them usable.
With our experience and the corresponding method or tool set, such as Best of Benchmark, we ensure the evaluation and analysis of the cost-reduction approaches and subsequently ensure seamless tracking of the measures taken, from idea to implementation.
In addition to technical, commercial and organizational expertise, our consultants have the necessary social skills to create awareness for cost-reduction projects on all hierarchical levels and to facilitate sustainable solutions.