Cost Reduction And Waste Elimination
Course Overview:
This course will teach you how to create an effective Cost Reduction Program or Profit Improvement Program to maximize profitability. And Discover how to save money and improve the health of your company with methods that are easy to install and proven to give positive results. Formalized Cost Reduction and Profit Improvement Programs provide structure, guidance, and continuity for results-oriented profit enhancement activities. The quickest and surest way to improve cash flow and profitability is to effectively reduce costs.
Who should attend?
Managers, Head of departments, accountants, any company that spends money, experiences competition, and needs to show a profit will benefit from this program.
Course benefits:
Upon completion this course all participants will be able to
- Run an effective Cost Reduction or Profit Improvement Program
- Put more saving power into an existing program.
- Understand the critical differences between a suggestion program, a Cost Reduction Program, and a Profit Improvement Program.
- Learn from what other companies have done: what worked, what didnt, and why.
- Apply tactics that can be used to reduce expenses.
- Understand how to increase profitability.
- Understand the structure and operation of effective programs.
- Integrate your Cost Reduction Program with other improvement initiatives
- Identify barriers and avoid program failure
- Understand why programs should be continued for the long-term.
- Keep score.
Course contents:
· Cost Reduction by Design
· Lean Production -Cost Reduction.
· Overhead Cost Reduction.
· Standardization Cost Reduction.
· Product Line Rationalization
· Supply Chain Management
· Quality Cost Reduction.
· Total Cost Measurements
Case studies:
Examples of successes and failures at several different types of companies will be presented.
This training will teach you how to contribute to profitability and corporate stability right away.
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