Finance & Accounting Training: Fifteen Ways to Reduce Costs Course

This course is for senior managers who are faced with the need to improve the cost effectiveness of their organisations dramatically and quickly and wish to review the options available to them. The seminar will review the problems associated with cost reduction and examine the following range of cost reduction options, making extensive use of case study examples to examine the strengths and weaknesses of each approach.

Course length = 1 day(s) ~ covering:-

The simple approach to cost reduction
The bureaucratic approach
The equitable approach
The 'sweat the assets' approach
The strategic solution
The core competencies approach
Changing how we do things around here:
Reviewing the effectiveness of key business processes
Reviewing the way we service customers
Reviewing the design of products/services/outputs
Reviewing overhead effectiveness
Rebalancing the business
Changing the mix of what we do around her
Trimming bad products
Trimming bad customer
Trimming bad "channels to market"/distributors
Seeking synergies
Reducing unit costs
Increasing volumes and engineering costs out
Using stretch targets - Changing the "rules of engagement" and thinking "beyond the box"
Embedding a culture of continuous improvement and lean thinking - Making cost reduction an integral part of the culture of the business
Breaking the link with volume - Dealing with the adverse cost implications of a volatile and unpredictable trading environment
Reviewing the performance and cost effectiveness of the IT function
Restructuring the business
Reviewing the management organisation structure and its effectiveness - Taking an intelligent approach to examining the organisation structure (and keeping the more talented people)
Planning for success and securing commitment to change - Counting the cost of change and banking the benefits

Fifteen Ways to Reduce Costs Training Course

Fifteen Ways to Reduce Costs Course

Course length = 1 day(s) ~ covering:-