Training & Seminar / Public Training / Strategic Cost Reduction
Strategic Cost Reduction Introduction
Strategically applied and managed, cost reductions are often the most important factor in maximizing profitability or in an operational turnaround. Particularly as the economic pace slows down, organizations simply cannot afford to overlook the importance of applying strategy to cost reduction. Many organizations have too often made the mistake of rushing to cut costs, at the expense of destroying and compromising on their quality and value.
Strategic Cost Reduction is not a mere cost reduction course. You will be taken through a strategic thinking framework where you will learn to forego short term cost reduction campaigns in favor of sustainable and strategic cost reduction initiatives. You will also learn to assess and take into account the strategic drivers of change, benchmark, get consensus and buy-in, justify cost reduction initiatives and manage risk to positively impact on your organization ' s bottom line.
Strategic Cost Reduction is a powerful and practical course which will provide you with a strategic thinking framework, guidance and continuity for improved organizational sustainability and growth.
The Great Reasons to Attend
Learn to embrace a strategic thinking framework
Understand the concept of continuous improvement and its relativity strategic cost reduction
Learn to calculate the cost of the reduction strategy
Balance the importance and purpose of qualitative and quantitative analysis
Learn to develop and implement techniques of successful cost reduction
Integrate risk management with corporate governance
- Overview: What is strategic about cost reduction? - Do you need a Cost Reduction Strategy? - Strategic drivers of change - Qualitative analysis - Workshop I (Drawn your strategy)
- Advanced quantitative analysis - Techniques for Achieving Cost Reduction - Risk management - Post implementation - Workshop II (Drawn your Strategic Cost Reduction master plan)