Operational Cost Savings and Efficiencies
This course provides a framework to help you analyse your business’s spending, consider where to best focus your resources, and review how to balance short-term cost reductions with longer-term business needs.
£150 +VAT
Operational Cost Savings and Efficiencies
£150 +VAT
365 days’ access
Operational Cost Savings and Efficiencies
This course is not currently available. To find out more, please get in touch.
This course will enable you to
- Understand how to structure a cost reduction project specific to your business and the importance of doing so
- Prioritise activities by using a holistic approach to cost management
- Discover the tools and techniques that you can use to successfully plan your cost savings and run your business more efficiently
- Provide realistic targets for your business and learn how to deliver your project to ensure its success
About the course
Is your organisation or project is running efficiently? When things are going well, we often don’t spend enough time looking for efficiency improvements, and if things are going badly there can be a tendency to resort to arbitrary cost-cutting which can risk success in the long term.
This course provides a framework to help you improve your organisation’s efficiency. It helps you to analyse your business, consider where to best focus your resources and review how to balance short-term cost reductions with longer-term business needs to ensure a secure future for your business. Discover how to best plan your cost savings and, once you have decided on your plan, how to deliver this project and manage stakeholder expectations.
Contents
Project benefits
The importance of operational cost savings
Making improvements
Improving my business or function
Critical signs for cost reduction
Strategic cost-cutting
Starting a plan
The role of the accountant
Structure and format
Cost reduction projects
The essential components of a plan
Structuring a project
The SMART criteria
Continuous improvement models
Cost management planning
Making mistakes
Tools and techniques
Keeping things on track
Follow the leader
Putting a team together
Part of the team
Understanding priorities
Applying lean techniques
Using lean techniques
Activity-based costing
Some useful tools
Successful projects
Common reasons for failure
Managing expectations
Making a project a success
Rewarding success
Cost-saving projects as competitive tools
Bringing it all together
Running a successful project
Author
Chris Bruce
Managing Director of Better & Better Ltd, a consultancy providing “business advice and project implementations” to a range of organisations from start-ups through to multinational corporations.
15 reviews for Operational Cost Savings and Efficiencies
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Tracy Maidment –
Interesting and thought provoking
Ian Haworth –
Included some thought provoking ideas that will help when setting my next project
Kimberley Estwick –
VERY INFORMATIVE
Mark Austin –
Very good course explaining how to run a successful cost reduction project (and successful project in general)
Anthony Lau –
A very relevant course given the current tough economic climate
Warren Newth –
Good outline of the step and considerations that are critical for a successful project
Kylie O’Meara –
Good overview
Lydia Hakeney –
This was an interesting course and there were a lot of good points and notes I have taken. I would have loved some more concrete examples of where cost savings projects failed – such as the outsourcing and travel booking examples included in the videos. Practical examples are great in helping to understand how to run a good cost reduction project.
James Brammeld –
Miss Natalie Woolley –
Good insight into cost reduction projects
Gavin Hill –
Some of the eraly videos did not match the content of the course
Chandana Mukherjee –
Relevant to my role as finance manager.
Linda Godfrey –
Kristy Agostini –
Course was more about project management than how to identify and implement cost reduction approaches
Lai Mun Fong –