About this course
Organizations have always been in the competitive environment, the only difference now is the pace and complexity of competition due to such common themes as globalization, Information Technology and Internet revolution. Therefore to be competitive, organizations need to reduce cost and improve quality – but there is a catch. When mentioning about cost cutting, most employees would shiver and run for cover. Why? People have associated cost cutting with cuts in overtime, benefits, or even retrenchment – no wonder. This one-day cost management training aims to share techniques of cost savings and at the same time looks at managing your competitive advantage, i.e. your people.
At the end of this cost management training, participants should be able to:
Acquire a comprehensive understanding of measurement techniques Help in the organization’s cost savings plan Know how to focus and prioritize on areas of importance Acknowledge the importance of systems improvement Handle people better in the process of cost reduction
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