Cost Reduction Technique: Cut Costs and Maximise Profits
5.0 (66 ratings)
Instructors: Aryan Viswakarma & Avishek Dwivedi
Why this course?
Course: Cost Reduction Technique: Cut Costs and Maximise Profits
Course Duration: 6+ hrs
Quality HUB India™ believes that the whole management team as well as the entire workforce in every organization must be actively involved in order to support an organization's efforts to continuously reduce costs and attain an acceptable level of long-term profitability.
One of the key responsibilities of the management teams of every firm is to determine and continually reduce unit costs in order to maintain the desired level of profit. In order to do this, senior managers and controlling specialists must look beyond the use of controlling tools in order to foster a culture of cost reduction.
All levels of the company need to be given a conducive atmosphere for effective and efficient cost problem resolution, and behaviours need to be shaped to support this environment.
Without practice, it is impossible to learn these cost-focused management techniques. In order to fully comprehend the fundamentals of current and future cost performance and develop a new model for learning and organisational change: pro-cost improvement culture, top managers and professionals in controlling must go through their own learning cycles for in-depth knowledge of cost and cost improvement.
What you are going to learn:
In this course, you'll learn practical techniques to identify wasted money in your company, detailed tips for analyzing the effectiveness of your biggest costs, understand why you should increase your prices or reduce your quality, learn which of your customers are actually costing you money, and dealing with common problems of management and motivation.
After this course your company will be lean, have highly profitable customers, and every part of the supply chain will contribute more effectively. In fact - you'll most likely be dealing with the most profit you’ve ever known! We look at lots of real-life cost reduction examples. Whether you're a small family business or a huge multinational this course will build essential skills for your long-term growth and short-term effectiveness.
In our opinion Cost Reduction is one of the most powerful and underestimated leadership and project management areas. Most companies focus entirely on selling and forget that there are crores of rupees left on the factory floor through inefficiencies and misunderstandings. Rest assured - you need not make your employees or customers unhappy using these techniques… in fact most likely both will end up better off.
Who this course is for:
For candidates clearing the exam successfully certificate shall be issued by Quality HUB India, which is a registered organization with GOI for training and certification courses.
Policy on Cancellation and Refunds
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PS: Please contact us at +91-8094078781 / 7073111630 or drop a mail at [email protected] if you notice any unlawful activity taking place in the name of Quality HUB India™.
Format, Pdf, E-books, Templates availability:
All supporting format, Pdf, E-books, and Templates as per the course requirement and within the scope, has been uploaded in the portal in the course section and are downloadable.
No additional documents, formats, templates, etc shall be provided by QHI.
For Technical Support-
Contact us at +91-8094078781 / 7073111630 or drop a mail at [email protected]
*Prices may change at any time without prior notice
· Classification and Flow of Cost
· Cost associated with each function
· Overview of Cost Saving
· Importance of Cost Saving and Reduction
· Cost Eco System in an organization
· Difference between Cost Control vs Cost Reduction approaches
· Introduction to 15 Types of Cost reduction Strategies
· Cost Reduction Methods for Workplace
· Value Analysis (VA) & Value Engineering (VE)
· Cost of Quality (COQ) & Cost of Poor Quality (COPQ)
· Cost Saving Tracker Sheet
· 07 Cost Reduction Case Studies
· Cost Reduction Tracker Sheet (Case Study)
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