OVERVIEW
Shrinking bottom lines and declining profit margins have made it
imperative for organisations to manage costs. Organisations are aggressively
looking for opportunities to minimize costs without impacting the product/
service quality or market positioning. Those who opted for focused cost
reduction strategies have survived and those who did not manage well have
perished. In the recent economic downturn it becomes important to make cost
reduction program a major initiative in the industry.
This programme offers a unique approach for
managing costs by improving visibility over product cost structures and
business processes. It will equip you with the tools for improving productivity
and efficiency to enhance the profitability and cash flow of your organisation.
LEARNING OUTCOME
·
Understand the rationale
required for a Cost reduction strategy
·
Identification of cost
reduction and business improvement opportunities
·
Better reporting and
ownership of costs
·
Greater awareness and
control of everyday costs
·
Objectively identify and
evaluate all existing costs
·
Prioritize the cost
reduction efforts on high-return opportunities
·
Implement and sustain a
cost reduction program
·
Fundamentally reduce cost
through process improvement
·
Help in the organization’s
cost savings plan
·
Identify key issues that is
affecting their business / operations
·
Saving Cost through across
all Functions of the Organization
·
Develop action plans to
analyze, implement and monitor the results
Program Outline : ( 2 Days )
Module 1: Why Cost Reduction
Module 2: Cost Measurement and Analysis
Module 3: Sales & Marketing Cost Management and
Improvement Strategies
Module 4: Procurement Cost Management and
Improvement Strategies
Module 5: Inventory Cost Management and Improvement
Strategies
Module 6: Operating Expenses Management and
Improvement Strategies
Module 7: Building a Cost Reduction Culture
Module 8: Course Summary – Developing your Action Plan
Methodology:
Online synchronous interactive
classes, Course notes, Videos, Learning Assessments
Who should attend:
This program will benefit all executives,
supervisors, engineers, managers, and those who have been assigned to improve
productivity and reduce cost for the organization, and for those who wish to
improve their understanding and skills in relation to managing cost
Requirements: Computer with strong internet
connection, webcam, microphone and Microsoft Teams video conferencing platform.
When is the Class ?
Date : Refer
to schedule 👉
Time : 9:00am
- 5:00pm (GMT+8)
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