Cost Reduction & Profit Improvement Strategies

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Course Objectives

This program 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 organization.

  • 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
  • Identify key issues that is affecting their business / operations
  • Turn waste into profit
  • Saving Cost through across all Functions of the Organization
  • Develop action plans to analyze, implement and monitor the results Overview
  • Shrinking bottom lines and declining profit margins

Target Audience

This program will benefit all executives, supervisors, engineers, managers, and those who have been assigned to improve productivity and reduce cost for the organization, and for those who wish to improve their understanding and skills in relation to managing cost.

Methodology

This stimulating program will maximize understanding and learning through Interactive Lectures, Course notes Learning Assessment after each Module.

Course Modules

  • Module 1: Why Cost Reduction
  • Module 2: Cost Measurement and Analysis
  • Module 3: Sales & Marketing Cost Management and Improvement Strategies
  • Module 4: Procurement Cost Management and Improvement Strategies
  • Module 5: Inventory Cost Management and Improvement Strategies
  • Module 6: Operating Expenses Management and Improvement Strategies
  • Module 7: Building a Cost Reduction Culture
  • Module 8: Course Summary – Developing your Action Plan

Get To Know The Trainer

Trainer Nakulan

 

Nakulan, a Fellow of Certified Chartered Accountant, UK is a Principal Consultant with SM Advisory Services responsible for Finance Transformation and Supply Chain Management solutions. Nakulan is a talented professional with over 35 years of progressive accomplishments leading Finance, Sales and Supply Chain and project management initiatives for major businesses.

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COURSE DETAILS

COURSE INCLUDE

RM3,335/DAY

RRP RM4,765/DAY   SAVE RM1,430

*T&C Applies

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