Sustaining Nuclear – Four Overlooked Controllable Costs

Safe and Reliable…

But can nuclear plants be competitive?

Over the past three decades, the U.S. Nuclear Industry achieved unprecedented levels of safety and reliability; providing nearly 20 percent of domestic electricity all of which is produced carbon-free. Since the turn of the century, however, rising operations and maintenance (O&M) costs and an evolving electricity market threaten the long-term financial viability of the fleet. Consequently, a new approach to performance improvement is needed, one that protects safety and reliability while concurrently lowering costs.

But what should this approach be?

Sustaining Nuclear

To meet the current financial challenge, utility leaders should broaden their focus to include other business functions – such as human capital management, information technology, inventory optimization, and oversight – that are contributing to the rising operations and maintenance (O&M) spend.

Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million to $10+ million cost reduction opportunities in the areas of:

Human Capital Management

Information Technology

Inventory Optimization

Oversight

Human Capital Management

Overall Goals: Improve workforce quality, capability, productivity, and stability while reducing payroll
Targeted Savings: $1+ million annually per station

Based on StrategyDriven’s experience, $1+ million in annual savings – and improved safety and reliability – are available to nuclear utility operators in the near-term through the implementation of contemporary market-based business practices in the human capital management area including:

Flattening the organization structure at both the corporate and station levels
Resolving positional pay misalignments that discourage upward personnel mobility and drive unnecessary positional churn
Standardizing and consolidating the site access and onboarding processes across the industry

…and numerous others!

Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million to $10+ million cost reduction opportunities

Information Technology

Overall Goals: Improve workforce productivity while reducing payroll
Targeted Savings: $1+ million annually per station

Automating routine functions such as performance metric and report generation
Migrating widely used Enterprise Resource Planning system functionality to an industry specific cloud-based service providing usage-based fees
Implementing digital mobile management solutions reducing administrative burdens associated with routine oversight functions

…and numerous others!

Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million to $10+ million cost reduction opportunities

Inventory Optimization

Overall Goals: Eliminating unnecessary inventory, reducing expediting costs, and lowering warehouse spoilage while maintaining high parts availability
Targeted Savings: $10+ million over time and $100+ thousand to $1+ million annually (with 95+ percent parts availability) per station

Based on StrategyDriven’s experience, $100+ thousand to $1+ million in annual savings, $10+ million over time – and improved safety and reliability – are available to nuclear utility operators in the near-term through the implementation of contemporary market-based business practices in the inventory optimization area including:

Aligning Work Management and Supply Chain goals to promote overall station success
Fully integrating the Work Management and Supply Chain functions
Correcting inflated parts inventory stocking logic

…and numerous others!

Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million to $10+ million cost reduction opportunities

Oversight

Overall Goals: Strengthen operational oversight, improve coverage, and stabilize standards while reducing overall station impact and cost
Targeted Savings: $1+ million annually per station

Establishing a coordinated, risk-based oversight approach that considers financial risk
Defining, communicating, and reinforcing quantitative performance standards at all levels
Further leveraging already existing operational and oversight data to reduce the number, significance, and/or frequency of oversight activities

…and numerous others!

Download Four Overlooked Controllable Costs to receive StrategyDriven’s complete list of $1+ million to $10+ million cost reduction opportunities

DOWNLOAD FOUR OVERLOOKED CONTROLLABLE COSTS

StrategyDriven Advisor Experience and Qualifications

StrategyDriven Advisors possess ‘stood the watch’ nuclear power generation experience:

leading day-to-day nuclear plant operations,
supervising refueling and maintenance activities,
overseeing infrequently performed tests and evolutions, and
conducting nuclear plant operational inspections worldwide

Our nuclear professionals have been awarded top industry licenses, certifications, and qualifications:

U.S. Nuclear Regulatory Commission Senior Reactor Operator License
U.S. Navy Chief Nuclear Engineer Officer Qualification
U.S. Navy Nuclear Engineering Officer of the Watch Qualification
Institute of Nuclear Power Operations Plant Operations, Operational Focus, and Performance Improvement Evaluator Qualifications
National Academy for Nuclear Training Event Investigator Certification
National Academy for Nuclear Training Instructor and Facilitator Certification
Project Management Institute Project Management Professional Certification
Professional Engineer License

StrategyDriven’s Nuclear Industry Commitment

Reaffirming our commitment to being excellent nuclear teammates, StrategyDriven implemented a series of quality assurance and performance improvement programs that meet and exceed those standards set forth by INPO 14-005, Principles for Excellence in Nuclear Supplier Performance. Learn more about our Nuclear Industry commitment.

Safe and Reliable…

Sustaining Nuclear

Human Capital Management

Information Technology

Inventory Optimization

Oversight

DOWNLOAD FOUR OVERLOOKED CONTROLLABLE COSTS

StrategyDriven Advisor Experience and Qualifications

StrategyDriven’s Nuclear Industry Commitment

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