Cost Reduction Management

OVERVIEW

In a crisis, reducing costs is vital for survival. Businesses that cannot control their costs will not stay in business. As managers and budget holders, you need to be aware of costs, manage them effectively, and maximize opportunities to reduce them. This program will give you an in-depth understanding of what the true cost management is. It will show you the importance of being cost-conscious and reducing costs through good design and efficient operating practices while taking continuous action on overspending.

OBJECTIVES

After completing the program, participants will be able to:

• Optimize cost reduction using structure and strategies

• Leverage existing cost avoidance with sustainable measures that have longer-term impact