HRDF HRD Corp Claimable Cost Reduction Training

Why try to cut costs?
Companies have to find ways to cut costs without hurting the quality of their goods and services because their bottom lines and profit margins are getting smaller. This training program teaches people how to come up with a plan to cut costs by using tried-and-true strategies and techniques. It also gives you the tools you need to analyze costs across the entire value chain so that activities and processes can be redesigned to make them more productive and profitable. By taking this course, you’ll learn how to use the most up-to-date methods for managing expenses and pick up tips from real-world examples from both the manufacturing and service sectors. And finally, you’ll make a plan for cutting costs based on what you’ve learned.

What does it mean to cut costs?
It is a planned, positive way to cut costs and make sure a business makes money. The goal is to get the unit cost of goods or services to go down in a real and lasting way, without sacrificing quality. Through better methods and a leaner structure, a good strategy permanently boosts productivity and business effectiveness. But if cuts are made without careful planning, they might be made in the wrong places and kill a business. You should ask yourself these three things:

• What makes people spend money now?
• What costs are good and what costs are bad?
• What happens when cuts are made?
• Want to earn twice as much?

What do you plan to learn?
By taking this course, you’ll learn the tried-and-true strategies, tools, and techniques that can double your profits, and maybe even triple or quadruple them if you start from a low point. It lets you find things and activities that take money away from the bottom line without giving customers or the business anything of value. You will learn how to permanently stop those value leaks so you can do MORE with the SAME resources or keep the SAME level of output with FEWER resources. You will learn how to right-size service levels and quality requirements to avoid over-processing, how to find the best quality-to-cost ratio when buying materials and outside services, how to get rid of unnecessary items and features, how to simplify the manufacturing and service process, and how to substitute parts and materials without lowering the quality of the finished product, among other things.

Why take this class?
There are many online courses that offer more or less the same thing: videos to watch and an exam to take so you can download a “certificate of completion.” Our courses are very different. We want students to not only learn the theory, but also use best practices to save money in the real world. A cost-reduction expert is there to help you through the course and give you feedback on your cost analysis and cost-reduction plan. You will also learn from real-life examples of cutting costs and use templates and tools to get better results for your customer and organization. Whether you run a small family business or a multinational organization, this course will give you the skills you need for long-term growth and short-term success, as well as a “Cost Reduction Professional” certification.

Who should go should be there

This program will be beneficial to all supervisors, engineers, managers, and those who have been tasked with increasing productivity and reducing costs for the organization. Additionally, this program will be beneficial to those who wish to improve their understanding of cost management and their skills in this area.

Program objectives

After taking part in the activities associated with this class, you will be able to:

• Develop a solid understanding of measurement procedures
• Contribute to the organization’s aim for reducing costs
• Make a distinction between the nuances of elements that are fixed and those that are flexible.
• possess the ability to zero in on and organize the most important aspects.
• Recognize the significance of continuously making improvements to systems.
• When it comes to cutting costs, effective management of people is essential.

Methodology

Materials consist of notes as well as a point-form presentation. Essays. articles and excerpts from several newspapers. Presentation in the form of PowerPoint notes Chart that flips. Group conversations. Case studies. Case studies and interactive group activities.

Our Expert Trainers

PSMB Certification is held by each of our instructors. They have a wealth of expertise as both practitioners and trainers in their respective disciplines, as well as in related fields. Every one of them comes with a long list of satisfied customers to whom they have personally provided their services as a trainer. Every training proposal that is provided to a client includes a trainer profile as an attachment.

Contact us for HRDF HRD Corp Claimable Cost Reduction Training ( Corporate & Personal Coaching )

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