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  "documentTitle": "Bain Achieving operational Excellence at University of California Berkeley",
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  "notes": "OE likely stands for Operational Excellence.",
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      "text": "Significant investments in process redesign, automation projects, people and training will be required to realize the identified cost savings. Early estimate of $50-$70 million in one-time investments over three years, and $5 million in annual ongoing investments thereafter. Capturing these benefits will require a systematic and sustained effort led by senior managers, with real rewards and consequences throughout the organization for individual behaviors. To ensure successful design and implementation, the Steering Committee recommends putting in place initiative teams tasked against each opportunity, as well as a Program Office to coordinate across initiatives and track progress.",
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      "text": "Based on the opportunities identified, the Steering Committee believes that more than $100 million in potential savings exists from UC Berkeley’s ongoing operations cost base and recommends that the University pursue a systematic effort to capture at least $75 million in annual operational cost savings. Savings to ramp up over three years, reaching $75 million by the end of Year 3 and recurring on an ongoing basis thereafter. Pursuing these opportunities should also result in more consistent, sustainable (and often superior) service levels, as well as a reduction in institutional risk.",
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