OFZ a.s. boosts profits thanks to cost management programme

OZF a.s. is a diversified manufacturer of ferroalloys that operates in Central Europe. The company’s history goes back to 1952, when ferroalloys were first produced in Slovakia. The company has been awarded the ISO 9001 Quality Management System since 1994 and a certification by TÜV Nord.

“Our business operates in the heavy industry sector, which deals with cyclical fluctuations and it has undergone several significant changes in recent years”, says Branislav Klocock, CEO at OFZ a.s.

“It was in this context that Iveta Živicová, Senior Partner at Expense Reduction Analysts contacted us to present her services; together, we decided to investigate the company’s overhead costs and make sure that they were optimised.”

“We were happily surprised with the results of this collaboration, but also by the professional output, the international team and the expert knowledge shown throughout the project. Expense Reduction Analysts took responsibility for the investigation, offered solutions and took on the implementation and subsequent monitoring of the chosen solutions. “

“The methodology applied by Expense Reduction Analysts, clear and transparent, enabled us to achieve savings. Based on these first successful results, we decided to carry on the collaboration with Iveta Živicová and her colleague Tamara Štrbáková and broaden the cost optimisation to other cost categories.”

“Today several projects have been successfully implemented, providing us not only with cost savings, but also with an improvement of our processes – thanks to the application by the Expense Reduction Analysts team of the principles of LEAN and the Theory of Constraints.”

 

“Thanks to Expense Reduction Analysts, we not only have achieved savings, but have also benefited from expert advice and support. We would never have been able to achieve these results with our own resources.”

Branislav Klocock, CEO at OFZ a.s.

 

CATEGORYSAVINGS
Finacial costs32,2%
Packaging19,3%
Industrial gases17,9%
Fuel and oil4,11%

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