Original Date: 09/15/1997
Revision Date: 01/18/2007
Information : Cost Busting Initiatives
During November 1996, Tooele Army Depot (TEAD) held a retreat where the attendees brain-stormed a series of cost reduction (termed cost busting) initiatives. A total of 61 ideas, having potential for significant cost savings, were identified at that time.
The items were carefully analyzed during the next retreat. As a result, several items were closed out, while others were combined to avoid duplication. The end result was a total of 36 initiatives for action. Each Depot directorate was then assigned responsibility for initiation, monitoring, and progress reporting on each of their respective initiatives.
As of July 1997, a total cost savings of $2,137,026.26 had been realized. Significant savings were attained in the areas of Equipment Utilization, Requisitioning of Equipment and Supplies, and Deferring Equipment Depreciation. Examples of effective cost savings include:
Equipment Utilization: $110,512
Equipment/Supplies Requisition: $236,343
Excess Facilities: $50,000
Equipment Depreciation Deferral: $838,582
Project Scrub-FE (items canceled by facilities engineering): $708,500
For more information see the
Point of Contact for this survey.