Word: mckinseys
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Where Harvard has made University-wide contracts—a deal for office supplies was already in place before the McKinsey report—it has seen broad compliance, Summers says. 75 to 90 percent of applicable purchases were made through these contracts...
...McKinsey & Co. completed a study of HLS that recommended several changes to improve HLS students’ quality of life, including slashing class size and hiring more faculty to reduce the student-faculty ratio—proposals that require significant renovation and expansion...
University President Lawrence H. Summers has plans to overhaul the University’s method of supplies procurement, opening the process to independent bidders in an effort to reduce costs. Summers’ plan was partially based on recommendations by consulting firm McKinsey and Company, and it shows great promise; using the methods on which this plan is based, Harvard has already cut $26 million a year from travel, office-supply, and temporary-help costs, according to University officials. When fully implemented, the overhaul may save as much as $100 million annually...
Whether--and how--Wal-Mart meets these challenges will be of vital importance to its customers, its 1.3 million worldwide employees, the owners of its widely held stock and even the U.S. economy. According to an independent study by McKinsey & Co., Wal-Mart's efficiency gains were the source of 25% of the entire U.S. economy's productivity improvement from 1995 to 1999. "When you become No. 1 and as big as we are, business has a tendency to complicate if you don't do things to force yourself to keep it simple," says Tom Coughlin, head of Wal-Mart...
...China's three main cities, according to a McKinsey study, increasing wealth will support 250 Supercenters among the competing retailers, each selling $24 million to $36 million annually. That's good. But a U.S. Supercenter sells four times as much...