Finance & Business Skills Training Management Supervisor/Team leader

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.

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Program 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.

Program Objectives

Upon completion of the training, participants will be able to:

  • 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.

Administrative Details

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.

Who Should Attend

This seminar is ideal for:

  • Entrepreneurs
  • Bankers
  • Accountants
  • Business Managers
  • Marketing Managers & Supervisors

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