Facing increasing cost pressure from low natural gas prices, regulatory pressure from federal, state, and local authorities, and long-standing operational performance challenges, a large multi-unit nuclear operator turned to ScottMadden for guidance and assistance to transform its operation into a more cost effective source of safe, reliable, and emission-free electricity generation.
A large aerospace and defense corporation with nine diverse business sectors and 120,000 employees desired to implement human resources (HR) shared services to reduce costs and improve the corporation’s ability to operate as one company.
As a major public research university and one of the five largest universities in the country with nearly 50,000 students enrolled, the University of Florida has a long history of established programs in global education, research, and service. The university is similar to other higher education institutions because it has undergone recurring budget constraints while administrative requirements have continued to grow. As a result, the university has been exploring a centralized shared services solution. The university’s CFO chartered a team to stand up a small service center to provide transaction processing for HR and financial processes for the CFO’s office, including finance and accounting, purchasing, contracts and grants, and budget, which reside under the CFO’s umbrella, as well as the privacy office, and university relations administrative units.
ScottMadden was engaged to evaluate and implement shared services for a top multinational defense, security, and aerospace company. Because defense industry spending was declining, cost management had become a priority, and the client was interested in identifying opportunities to reduce operating costs. Its competitors had reduced operating costs by successfully implementing shared services, so this model provided a significant avenue for improvement. ScottMadden worked with the client to evaluate and implement shared services to enhance the delivery of finance services, decrease operating costs, and increase competitiveness.
A Fortune 100 pharmaceutical company sought outside perspective to perform an assessment of its internal procure-to-pay (P2P) operations. Once the appropriate measures were in place, management wanted to identify initiatives that would improve the efficiency and effectiveness of this process.
ScottMadden assisted Tennessee Valley Authority (TVA), a large nuclear generator, to execute its Security Upgrade Project to comply with the Code of Federal Regulations 10 CFR 73.55 and meet its Nuclear Regulatory Commission (NRC) commitment dates.
Learn how we worked with a gas delivery organization of a large utility to assess existing practices and identify opportunities for improvement.
Bruce Power’s 2,300-acre site on the shores of Lake Huron, Ontario, houses the Bruce A and B nuclear-generating stations; each holds four Canadian Deuterium Uranium (CANDU) reactors. All eight of the units are operational and producing more than 6,300 megawatts of clean, reliable, low-cost electricity, which is enough to power one in four hospitals, homes, and schools in Ontario. For six months, ScottMadden assisted this private nuclear energy generator with establishing an operational performance review (OPR) to improve station performance and increase accountability among the first-line supervisors.
“ScottMadden helped us develop a plan to move EKPC forward during a very challenging time,” said Tony Campbell, CEO of East Kentucky Power Cooperative. “Unlike some past efforts, our management team and board really owned the new strategic plan. And most importantly, we continue to pursue our strategic objectives with specific initiatives in our business plans, an approach that has yielded tremendous improvements over time. ScottMadden’s support was critical to our success and the results speak for themselves.”
An independent transmission company sought to build, own, and operate transmission assets in Texas. The client’s facilities would bring electricity from wind generation facilities in west Texas to load centers in north Texas.
ScottMadden assisted a large Midwestern investor-owned utility to improve its supply chain organization’s strategy, governance, and operations including the supply chain organization’s relationship to the business units it supports.
| North Carolina State University (N.C. State) sought to conduct an FTE inventory of its 2,000 staff members in the functional areas of human resources, finance, purchasing, procurement, budgeting, and contracts and grants. As one of the top three research universities in the Triangle, it employs nearly 2,400 faculty and 5,600 staff members. The university enrolls approximately 35,000 students, and grants around 5,000 bachelor degrees, 1,800 masters’ degrees, and 500 doctoral degrees annually. Continue reading Welcome to ScottMadden!Sussex Economic Advisors is now part of ScottMadden. We invite you to learn more about our expanded firm. Please use the Contact Us form to request additional information. |
