CIMA - Fifteen ways to reduce costs

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Course Overview

This seminar will review the problems associated with cost reduction and examine a range of options, using case studies to examine the strengths and weaknesses of each approach.

Audience

All board members, finance directors and financial managers who need to improve the cost effectiveness of their organisations dramatically and quickly.

Skills Gained

Completing this course will give delegates:

• A rapid introduction to the wide range of options available to you in the search for reduced operating costs
• An understanding of the methodologies and evaluation of the effort required for each approach to cost reduction and the related risks
• An appreciation of which approach will best meet the needs of your organisation

Course Outline

• The simple, bureaucratic and equitable, 'sweat the assets', core competencies and strategic approaches to cost reduction
• Changing how we do things and the mix of what we do
• Reducing unit costs
• Using stretch targets
• Embedding a culture of continuous improvement and lean thinking
• Breaking the link with volume
• Reviewing the performance and cost effectiveness of the IT function
• Restructuring the business
• Reviewing the management organisation structure and its effectiveness
• Planning for success and securing commitment to change

CIMA - Fifteen ways to reduce costs / cm64194