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Barid Al Maghrib Is Fighting Against Waste and Reduces Expenses

The optimization of expenses is therefore a necessity for all components of the company, which will allow Barid Al Maghrib to gain in efficiency and productivity, but also in synergy. In the line of sight, there is the need to identify the points of waste and to foresee a maximum of optimizations to reduce expenses and take advantage of synergies.

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Barid Al Maghrib wishes to implement a specific action plan to reduce expenses and engage in optimization.

Fighting against waste and reducing expenses is the main objective of the reflection project currently underway within Barid Al Maghrib (BAM). Indeed, the company takes the opportunity of its transformation to tackle the cost optimization component, especially in the current context.

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The optimization plan that will be drawn up as part of the study phase will be spread over a short to medium-term horizon

This context, it should be stressed, is marked by a consequent change in consumer habits (increasingly dynamic digitalization which should be maintained and strengthened even after the pandemic, drastic decline of the traditional mail market, increasingly fierce competition in the national and international courier market, priorities set by the new organization focused on operational efficiency, preparation of the sector for the arrival of the new postal law). The optimization of expenses is therefore a necessity for all components of the company, which will allow Barid Al Maghrib to gain in efficiency and productivity, but also in synergy. In the line of sight, there is the need to identify the points of waste and to foresee a maximum of optimizations to reduce expenses and take advantage of synergies.

In this action plan, Barid Al Maghrib’s management wants to “make cost-cutting a culture within BAM and not a one-off action linked to a given context,” it is stressed in the project’s framework note. This is not all: it is also a question of promoting a culture of performance across the whole range of BAM’s activities and businesses and of promoting cost-based management.

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In addition, the optimization plan that will be drawn up as part of the study phase will be spread over a short to medium-term horizon. It will define norms and standards that will be used, thereafter, to build a system of measurement and management of the results of the optimization. In the same way, and among other actions, a review of the contracts with the operator “telecoms section” and editor/constructor “licenses and maintenance section” will be envisaged in order to optimize these expenses in terms of reduction and/or in terms of better use/operation.

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(Featured image by PCB-Tech via Pixabay)

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First published in LesEco.ma, a third-party contributor translated and adapted the article from the original. In case of discrepancy, the original will prevail.

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Desmond O’Flynn believes in minimalism and the power of beer. As a young reporter for some of the largest national publications, he has lived in the world of finance and investing for nearly three decades. He has since included world politics and the global economy in his portfolio. He also writes about entrepreneurs and small businesses, as well as innovation in fintech, gambling, and cannabis industries.