NORTH CANTON, Ohio (5/1/13)--ATM manufacturer Diebold Inc., a CUNA Strategic Services provider, announced a multi-year global realignment plan.
Diebold is moving toward a more centralized management structure to drive swift action and clear accountability across its global operations, the company said. As part of the new structure, it identified four long-term transformation initiatives to deliver savings during the multi-year realignment program. They include:
Globalizing the company's service organization and processes to align with the increasingly global and more complex nature of the business;
Creating a unified, center-led global organization for research and development;
Transforming the company's general and administrative cost structure by increasing the use of existing shared-services centers in low-cost regions, instituting common processes and leveraging industry best practices across the company; and
Focusing on commercial effectiveness.
The initiatives are expected to improve cash flow and generate the investment capacity required to execute growth strategies, Diebold said. Additional investments from savings will also be made in research and development--to speed new solutions to market--as well as infrastructure improvements such as information technology systems, to accelerate transformation, improve capabilities and reduce costs, the company added.