Return on Investment
In today's economy, we need to be confident in our investments more than ever. At Soyring Consulting, we have repeatedly proven that we are able to produce a sizeable return on your investment: On average, Soyring Consulting is able to help you realize a return on our consulting fees of 3 to 1 through identification and implementation of cost savings opportunities. The type of project, size of facility, and level of need has a large impact on actual savings potential. Here are a few examples of highly successful engagements proving our ability to return on your investment:
- On a productivity project, the client experienced an estimated annualized savings of $7 million with potential to increase savings throughout the year. This savings was accomplished through reduction in work force, overtime reduction, and process redesign.
- The client's ROI was 48 to 1
- On a materials management project, the client experienced an estimated annual savings of $5.6 million. This savings was accomplished through supplier contract renegotiations, correct-sizing inventory amounts including par levels, and item master standardization.
- The client's ROI was 60 to 1
- On an Emergency Services project, the client experienced an estimated annual savings of $3.8 million. In addition the diversion rate was reduced by 50%. Another revenue generation was the decrease in patients left without being seen from 5% to 2%.
- The client's ROI was 14 to 1
