To meet the current financial challenge, utility leaders should broaden their focus to include other business functions – such as information technology – that are contributing to the rising operations and maintenance (O&M) spend.
Overall Goals: Improve workforce productivity while reducing payroll
Targeted Savings: $1+ million annually per station
Based on StrategyDriven’s experience, $1+ million in annual savings – and improved safety and reliability – are available to nuclear utility operators in the near-term through the implementation of contemporary market-based business practices in the information technology area including:
- Automating routine functions such as performance metric and report generation
- Migrating widely used Enterprise Resource Planning system functionality to an industry specific cloud-based service providing usage-based fees
- Implementing digital mobile management solutions reducing administrative burdens associated with routine oversight functions
…and numerous others!
Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million cost reduction opportunities in the areas of:
- Human Capital Management
- Information Technology
- Supply Chain / Inventory Management