Cost Reduction and Profit Improvement Strategies

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Shrinking bottom lines and declining profit margins have made it imperative for organisations to manage costs. Organisations are aggressively looking for opportunities to minimize costs without impacting the product/ service quality or market positioning.

Those who opted for focused cost reduction strategies have survived and those who did not manage well have perished. In the recent economic downturn it becomes important to make cost reduction program a major initiative in the industry.

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.

Learning Objectives

1. Understand the rationale required for a Cost reduction strategy
2. Identification of cost reduction and business improvement opportunities
3. Better reporting and ownership of costs
4. Greater awareness and control of everyday costs
5. Objectively identify and evaluate all existing costs
6. Prioritize the cost reduction efforts on high-return opportunities
7. Implement and sustain a cost reduction program
8. Fundamentally reduce cost through process improvement
9. Help in the organization’s cost savings plan
10. Identify key issues that is affecting their business / operations
11. Saving Cost through across all Functions of the Organization
12. Develop action plans to analyze, implement and monitor the results

Content Delivery Method

Physical or Virtual

HRD Corp Certified Course


Duration and Language

2 days, available in English

Target Audience

Junior to mid-level employees

Key Skillset Addressed

Cost Reduction, Financial Analysis