Cost Reduction and Profit Improvement Strategies

( HRDF Training No : 10001293685 )

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. please make this a short but impactful course overview

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