Cost Reduction
This seminar focuses on formulating cost reduction strategies and enhancing negotiation power within the manufacturing sector. Participants will learn to analyze procurement, labor, and overhead costs using risk modeling techniques to develop effective strategies.
Programme Overview
This seminar focuses on formulating cost reduction strategies and enhancing negotiation power within the manufacturing sector. Participants will learn to analyze procurement, labor, and overhead costs using risk modeling techniques to develop effective strategies. Scenario-based solutions will be provided with expert guidance to help position your organization for stronger negotiations.
**Note:** Please bring a laptop along for the session.
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Objectives
- Manage materials, labor, and overhead costs effectively.
- Enhance negotiating power in key business transactions.
- Identify Capex & operational expenditure opportunities for savings.
- Apply risk modeling skills for better procurement strategies.
- Learn from IBM’s success story in cost reduction.
- Formulate cost reduction strategies tailored to their organization’s needs.
Who Should Attend
This seminar is ideal for:
Entrepreneurs
Bankers
Accountants
Business Managers
Marketing Managers & Supervisors
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Methodology
This training will be highly interactive, involving:
Case studies
Videos
Group discussions
Current and real-world problematic costing cases will be analyzed and solutions discussed to ensure the practical application of learned concepts.