IPDC has been facilitating a considerably numbers of public trainings and in-house training programs in Performance Management and Appraisal Skills for the last 15 years
Cost Reduction Strategies:Focus and TechniquesThomas Tanel
This is a highly concentrated presentation that addresses the differences among price, cost, and TCO; what cost reduction strategies to focus on; and an overview of various techniques, as well as when and where to use them. Faced with excruciating competitive pressures, many senior C-Level executives require maximum effort from every part of their organization to survive. Today, purchasing, acquisition, procurement, contracting, and supply management professionals must be the most progressive cost reduction oriented group in the company.
For many organizations, senior C-Level executives set forth annual purchasing, acquisition, procurement, contracting, and supply management goals that mandate cost reductions. Regardless of the cost savings, avoidances, or containments achieved previously, you are faced with new cost reduction initiatives and objectives.
To make the goal of cost reduction a reality, we cannot focus solely on the price. We must examine the total cost of ownership to your organization, which means moving beyond the organizational environs to include suppliers, internal customers, other allied business functional entities, and external customers. By working both internally and externally with these stakeholders, cost reduction opportunities will become visible.
A typical purchasing, acquisition, procurement, contracting, or supply management professional will help reduce supplier prices and avoid incremental costs. A good purchasing, acquisition, procurement, contracting, or supply management professional will reduce costs by lowering both costs of acquisition and risks of supply. A great purchasing, acquisition, procurement, contracting, or supply management professional will reduce total costs across the board, increase service levels to the internal customer, make a significant contribution to the bottom line, seek value-added opportunities, and help to delight the organization’s customer. This type of professional also balances supply related costs and cycle time for the lowest overall cost, at the best value, while seeking risk optimization rather than risk minimization strategies.
Seven Steps for Achieving Sustainable Cost ReductionScottMadden, Inc.
This document outlines seven steps for achieving sustainable cost reductions. It begins by establishing the need for cost reductions given increasing non-fuel O&M costs and declining generation and sales. The seven steps are: 1) establish the cost reduction imperative; 2) gain senior leadership support; 3) determine the cost reduction approach; 4) document and communicate the cost reduction roadmap; 5) establish a phased process; 6) conduct a top-down and bottom-up exercise; and 7) ensure long-term sustainability by building savings into budgets and initiatives into business plans. Conducting the process methodically with both leadership guidance and input from teams is key to achieving significant, sustainable savings.
Cost Reduction Strategies for Small Businesses & StartupsSGI Consultants
Running out of money is the most common cause for small businesses closing down, its not that they did not make a profit, its that they ran out of cash.
Reducing costs should be a priority for all businesses.
REDUCING INDIRECT COSTS IN MANUFACTURING INDUSTRIESfaizyelectrical
This document discusses ways to reduce indirect costs in manufacturing industries. It defines direct and indirect costs, with the latter including overhead expenses like administration, utilities, and insurance. The document recommends systematically reviewing organizational structures and staffing to identify unnecessary roles and layers. It also suggests improving technology use, evaluating capabilities, reshaping functions, consolidating services, and monitoring billing rates and benefits costs to further reduce indirect expenses. With tighter indirect cost management, the document argues that manufacturers can lower overall costs and gain a competitive advantage in the market.
This toolkit details cost reduction opportunities across the Value Chain (as defined by strategist Michael Porter). Cost reduction initiatives are categorized in the areas of Enterprise-wide Opportunities, Asset Management Opportunities, and Function-specific Opportunities. Over 45 cost reduction initiatives identified--for each initiative, specific examples are provided, along with projected potential savings.
Download @ http://learnppt.com/powerpoint/
PowerPoint Tutorials @ http://pptdiagrams.wordpress.com/
This document discusses approaches to addressing chronic quality problems through quality improvement projects. It states that chronic problems are gradual issues that occur over long periods of time and are often difficult to detect and solve compared to sporadic problems. It recommends selecting specific chronic quality issues to focus quality improvement projects on. These projects should verify the need, diagnose causes, provide and prove remedies, address resistance to change, and institute controls to maintain gains.
Parry Murphy and Associates (PMA) is a cost reduction specialist firm that uses proven strategies to negotiate price reductions from a client's vendors, typically achieving savings of 5-20% from over 80% of vendors. PMA's process is customized for each client but generally involves gathering data, analyzing costs, developing negotiation strategies approved by the client, and managing the negotiation process to finalization. PMA's fees are based on a percentage of the actual first year savings achieved, ranging from 20-35%, and it recommends an incentive plan for client employees involved in the process.
This document discusses cost control and cost reduction in managerial economics. It defines cost control as monitoring and regulating expenditure, and involves setting targets, measuring actual performance, analyzing variances, and taking corrective action. Cost reduction aims to eliminate unnecessary costs to improve profitability. Key aspects of cost control include planning, communication, motivation, appraisal, and decision-making. Common cost control techniques are budgetary control, standard costing, inventory control, ratio analysis, and variance analysis.
Cost Reduction Strategies:Focus and TechniquesThomas Tanel
This is a highly concentrated presentation that addresses the differences among price, cost, and TCO; what cost reduction strategies to focus on; and an overview of various techniques, as well as when and where to use them. Faced with excruciating competitive pressures, many senior C-Level executives require maximum effort from every part of their organization to survive. Today, purchasing, acquisition, procurement, contracting, and supply management professionals must be the most progressive cost reduction oriented group in the company.
For many organizations, senior C-Level executives set forth annual purchasing, acquisition, procurement, contracting, and supply management goals that mandate cost reductions. Regardless of the cost savings, avoidances, or containments achieved previously, you are faced with new cost reduction initiatives and objectives.
To make the goal of cost reduction a reality, we cannot focus solely on the price. We must examine the total cost of ownership to your organization, which means moving beyond the organizational environs to include suppliers, internal customers, other allied business functional entities, and external customers. By working both internally and externally with these stakeholders, cost reduction opportunities will become visible.
A typical purchasing, acquisition, procurement, contracting, or supply management professional will help reduce supplier prices and avoid incremental costs. A good purchasing, acquisition, procurement, contracting, or supply management professional will reduce costs by lowering both costs of acquisition and risks of supply. A great purchasing, acquisition, procurement, contracting, or supply management professional will reduce total costs across the board, increase service levels to the internal customer, make a significant contribution to the bottom line, seek value-added opportunities, and help to delight the organization’s customer. This type of professional also balances supply related costs and cycle time for the lowest overall cost, at the best value, while seeking risk optimization rather than risk minimization strategies.
Seven Steps for Achieving Sustainable Cost ReductionScottMadden, Inc.
This document outlines seven steps for achieving sustainable cost reductions. It begins by establishing the need for cost reductions given increasing non-fuel O&M costs and declining generation and sales. The seven steps are: 1) establish the cost reduction imperative; 2) gain senior leadership support; 3) determine the cost reduction approach; 4) document and communicate the cost reduction roadmap; 5) establish a phased process; 6) conduct a top-down and bottom-up exercise; and 7) ensure long-term sustainability by building savings into budgets and initiatives into business plans. Conducting the process methodically with both leadership guidance and input from teams is key to achieving significant, sustainable savings.
Cost Reduction Strategies for Small Businesses & StartupsSGI Consultants
Running out of money is the most common cause for small businesses closing down, its not that they did not make a profit, its that they ran out of cash.
Reducing costs should be a priority for all businesses.
REDUCING INDIRECT COSTS IN MANUFACTURING INDUSTRIESfaizyelectrical
This document discusses ways to reduce indirect costs in manufacturing industries. It defines direct and indirect costs, with the latter including overhead expenses like administration, utilities, and insurance. The document recommends systematically reviewing organizational structures and staffing to identify unnecessary roles and layers. It also suggests improving technology use, evaluating capabilities, reshaping functions, consolidating services, and monitoring billing rates and benefits costs to further reduce indirect expenses. With tighter indirect cost management, the document argues that manufacturers can lower overall costs and gain a competitive advantage in the market.
This toolkit details cost reduction opportunities across the Value Chain (as defined by strategist Michael Porter). Cost reduction initiatives are categorized in the areas of Enterprise-wide Opportunities, Asset Management Opportunities, and Function-specific Opportunities. Over 45 cost reduction initiatives identified--for each initiative, specific examples are provided, along with projected potential savings.
Download @ http://learnppt.com/powerpoint/
PowerPoint Tutorials @ http://pptdiagrams.wordpress.com/
This document discusses approaches to addressing chronic quality problems through quality improvement projects. It states that chronic problems are gradual issues that occur over long periods of time and are often difficult to detect and solve compared to sporadic problems. It recommends selecting specific chronic quality issues to focus quality improvement projects on. These projects should verify the need, diagnose causes, provide and prove remedies, address resistance to change, and institute controls to maintain gains.
Parry Murphy and Associates (PMA) is a cost reduction specialist firm that uses proven strategies to negotiate price reductions from a client's vendors, typically achieving savings of 5-20% from over 80% of vendors. PMA's process is customized for each client but generally involves gathering data, analyzing costs, developing negotiation strategies approved by the client, and managing the negotiation process to finalization. PMA's fees are based on a percentage of the actual first year savings achieved, ranging from 20-35%, and it recommends an incentive plan for client employees involved in the process.
This document discusses cost control and cost reduction in managerial economics. It defines cost control as monitoring and regulating expenditure, and involves setting targets, measuring actual performance, analyzing variances, and taking corrective action. Cost reduction aims to eliminate unnecessary costs to improve profitability. Key aspects of cost control include planning, communication, motivation, appraisal, and decision-making. Common cost control techniques are budgetary control, standard costing, inventory control, ratio analysis, and variance analysis.
The document discusses cost reduction in business. It defines cost reduction as achieving permanent reductions in unit costs without compromising quality. It recommends preventing costs through creativity rather than just cost cutting. Some ways to reduce costs include eliminating waste, improving operations, increasing productivity, using cheaper materials, and maintaining quality standards. Costs can be reduced in areas like materials, labor, overheads, outsourcing, sales and marketing, energy, and production. Tools for cost reduction include value analysis, just-in-time approach, standard costing, total quality control, economic order quantity, market research, benchmarking, and inventory management and control.
This document outlines 10 simple points to help companies save money by improving purchasing efficiency. It suggests auditing material usage, scrap reimbursement rates, manufacturing processes, secondary costs, purchased components, equipment costs, duplicate costs, excess labor, profits, and packaging/freight costs. Careful review of a supplier's cost model against actual production could help identify cost savings opportunities through reduced waste. In the example given, potential savings of 11.4% of identified cost reductions could be achieved from lowering overhead and margins.
The document discusses strategies for business cost control and monitoring. It identifies major cost centers, types of costs, and opportunities to reduce costs through systematic analysis. Specific opportunities covered include reducing payroll, improving purchasing, increasing production efficiency, reviewing finances, and maximizing use of premises. The document cautions that some cost cuts can negatively impact employees or the business's ability to meet objectives if not implemented carefully.
This document discusses approaches to quality improvement and cost reduction. It outlines the costs of sporadic and chronic quality problems and recommends taking a project-based approach to address chronic issues. The key steps in the project approach include proving the need for the project, identifying the project, organizing a project team, verifying the need and mission, diagnosing causes, providing and proving remedies, and instituting long-term controls. Management approval requires justifying the size and costs of quality problems and showing potential benefits. Successful projects typically address chronic cross-department issues, have modest costs, and are completed within 6 months.
This document summarizes a white paper on cost reduction tactics and profit improvement ideas. It lists the top 5 cost reduction tactics used during the 2008 recession as reducing discretionary spending, compensation, layoffs, capital expenditures, and marketing/R&D spending. The top 3 current challenges are inadequate resources to drive growth, the need to increase profitable revenues, and loss of momentum. The document provides 22 specific profit improvement ideas from companies and suggests optimizing resources, increasing revenues, and regaining momentum to overcome the challenges. It emphasizes that reducing expenses alone is not sustainable and companies need to focus on growing revenues faster than costs.
This document defines and compares cost control and cost reduction. It discusses key areas to focus on for each, including labor, material, sales and energy. Cost control aims to maintain costs according to standards while cost reduction lowers unit costs without affecting quality. Some advantages of cost control are improved profitability and competitiveness, while disadvantages include reduced flexibility and innovation. Advantages of cost reduction include lower product prices and meeting competition, while quality may be sacrificed. The document outlines techniques for each, such as budgetary control, standard costing and inventory control for cost control, and material handling, automation and work study for cost reduction.
- State Bank of India saw increases in total income (16%), operating result (26%), receivables (20%), and net result (41%) from May 2013 to May 2014. Total expenses increased 15% and payables increased 14%.
- Overheads decreased overall from Rs. 863 crores to Rs. 671 crores due to decreases in controllable overheads from cost cutting measures like reducing telephone allowances and increasing electronic communication. Non-controllable overheads increased due to their fixed nature.
- Specific overheads like postage, stationary/printing/advertising, and miscellaneous expenses decreased, while repairs/maintenance and medical expenses increased from May 2013 to May 2014.
Activity-based costing (ABC) assigns overhead costs to products and services based on their use of resources such as machine hours or labor hours. It was developed to more accurately assign indirect costs than traditional costing methods. ABC identifies activities performed in an organization and assigns costs to these activities using cost drivers. The costs of activities are then assigned to products or services based on their use of each activity. This provides managers with more accurate product costs to make better-informed decisions.
WHAT YOU WILL LEARN:
- Case studies of cost-reduction; what works and what doesn't.
- Cost saving strategies and critical success factors, and how to relate them to specific business areas and processes.
- How to identify opportunities for cost-reduction by identifying duplication of business functions/tasks, resources and services through a process view.
- How to monitor success of cost-reduction measures in real-time through dashboards & cockpits (KPI's and PPI's).
Cost accounting tracks and analyzes costs to help businesses control expenses and maximize profits. Target costing determines the cost at which a product must be produced to generate desired profits at its anticipated selling price. It involves defining the product, setting cost targets, achieving targets, and maintaining competitive costs. Kaizen costing maintains present costs for existing products through continuous improvement efforts. Activity-based costing assigns overhead costs based on activities and cost drivers rather than direct labor hours, providing more accurate product costs.
Project cost management includes planning, estimating, budgeting, and controlling costs to complete a project within its approved budget. A cost management plan establishes how project costs will be planned, structured, estimated, budgeted, and controlled. Cost estimates are developed by analyzing the resources needed to complete project activities using techniques like analogous estimating, parametric estimating, bottom-up estimating, and three-point estimating. Estimates are based on the project scope, schedule, risks, and other factors and are expressed in currency or other measurable units.
Sustainability through cost containmentIsrat Mustafa
This document discusses adopting lean management principles to achieve sustainability through cost containment. It outlines three phases for establishing a lean foundation: 1) identifying primary and secondary processes, bottlenecks, and standardizing processes; 2) stabilizing processes through employee development and empowerment; 3) encouraging continuous improvement through kaizen and achieving zero defects. The focus is on cost cutting, efficiency, and customizing lean tools for long-term sustainability while establishing cultural changes like employee empowerment. Examples are given of companies achieving reductions in costs, errors, and unnecessary work through applying lean principles.
This document outlines an agenda and approaches for cost reduction. It discusses drivers of cost reduction like globalization and increased product changes. It then details a cost reduction program that engages in planning, risk management, and pricing. The program involves cost planning, estimation, and reduction approaches like value engineering, portfolio rationalization, discount usability engineering, and design for manufacturing. The presentation provides examples and explanations of how to implement these approaches to achieve fundamental cost reduction early in the development process.
This document is a training module on lean manufacturing cost cutting methods developed by the National Council of Small and Medium Sized Private Enterprises of Romania. The module contains three chapters that discuss methods for gathering and analyzing data to cut costs, methods of cutting costs by reorganizing production processes, and implementing improvements. It provides examples and case studies throughout. The overall aim is to introduce lean concepts and tools to help manufacturers identify waste, increase productivity, and reduce production costs.
The document discusses cost control and cost reduction. It defines cost control as monitoring and regulating expenditure, while cost reduction aims to identify and eliminate unnecessary costs. The key aspects of cost control are planning, communication, motivation, appraisal and decision making. Main areas of cost control include materials, labor, overheads, sales and energy. Techniques for cost control and reduction mentioned are budgetary control, standard costing, inventory control and ratio analysis. The document also provides examples of requirements documentation, vendor evaluation criteria and scoring for procurement projects.
While cost cutting is necessary, it can negatively impact staff performance, productivity, trust and morale if not done carefully. The document provides tips for cutting costs without damaging team dynamics, including establishing essential costs, identifying luxuries, reviewing optional costs, cross-training staff, focusing on efficiency, negotiating supplier costs, reducing equipment and supply costs, utilizing teleconferencing, and communicating changes with employees. The key is balancing cost reductions with maintaining productivity and trust within the team.
Role of cost control strategy in achieving coorporate survival and growth a c...vicphil
This document is a cover page and title page for a research project submitted by Gloria Clement for a Postgraduate Diploma in Business Administration from the National Open University of Nigeria. The project is on the role of cost control strategy in achieving corporate survival and growth, using Nigeria Brewery in Enugu State as a case study. The document includes sections on declarations, approvals, dedication, acknowledgements and a table of contents that outline the structure of the research project.
The company lost facilities and equipment due to a tsunami, so cost reduction is needed to increase capacity. The summary recommends:
1) Introducing a website and social media to provide reliable data about product safety and better customer service, while canceling unmeasurable TV commercials.
2) Eliminating $129,520 per year in costs by canceling international calls ($12,900), reducing business trips ($46,620), and the TV commercial ($70,000).
3) Improving the seven factors of service quality to reduce long-term customer service costs.
Cost control and cost reduction are important processes for businesses. Cost control involves setting targets, monitoring costs, comparing actual costs to standards, and taking corrective action if needed. It aims to achieve cost standards and optimize costs before they are incurred. Main areas of cost control include materials, labor, overheads, sales and energy. Cost reduction identifies and eliminates unnecessary costs to improve profitability. It aims to improve standards through continuous, innovative measures to permanently reduce unit costs. While cost control prevents costs from exceeding limits, cost reduction begins where cost control ends by establishing improved standards and production methods.
What are the risks and opportunities created by global sustainability issues. How can you turn these into a strategic advantage for your organisation.
Presentation for the meetings and events sector
Sellers vs Buyers - “Tactics and Strategies from the Front Lines”Gerard B. Hawkins
SELLERS vs BUYERS
“Tactics and Strategies from the Front Lines”
A definitive guide to techniques for conditioning the “Seller” and techniques for conditioning the “Buyer”
Aims and Objectives
Generation of Supplier Positioning Model
Categorization of Suppliers
Tactics and Strategy applied to relative positions
Buyers Overall Aims
Material Strategy Model
Analysis Considerations
Spend Matrix
Procurement Profile Strategies
Supply Positioning: Portfolio Analysis
Supply Positioning: Analysis
Supplier / Buyer Conditioning
Supplier Conditioning Aims
Techniques
Customers' Expectations and the Supply Chains
The Buyer’s Influence cycle
Conditioning the Seller
Procurement Marketing
The document discusses cost reduction in business. It defines cost reduction as achieving permanent reductions in unit costs without compromising quality. It recommends preventing costs through creativity rather than just cost cutting. Some ways to reduce costs include eliminating waste, improving operations, increasing productivity, using cheaper materials, and maintaining quality standards. Costs can be reduced in areas like materials, labor, overheads, outsourcing, sales and marketing, energy, and production. Tools for cost reduction include value analysis, just-in-time approach, standard costing, total quality control, economic order quantity, market research, benchmarking, and inventory management and control.
This document outlines 10 simple points to help companies save money by improving purchasing efficiency. It suggests auditing material usage, scrap reimbursement rates, manufacturing processes, secondary costs, purchased components, equipment costs, duplicate costs, excess labor, profits, and packaging/freight costs. Careful review of a supplier's cost model against actual production could help identify cost savings opportunities through reduced waste. In the example given, potential savings of 11.4% of identified cost reductions could be achieved from lowering overhead and margins.
The document discusses strategies for business cost control and monitoring. It identifies major cost centers, types of costs, and opportunities to reduce costs through systematic analysis. Specific opportunities covered include reducing payroll, improving purchasing, increasing production efficiency, reviewing finances, and maximizing use of premises. The document cautions that some cost cuts can negatively impact employees or the business's ability to meet objectives if not implemented carefully.
This document discusses approaches to quality improvement and cost reduction. It outlines the costs of sporadic and chronic quality problems and recommends taking a project-based approach to address chronic issues. The key steps in the project approach include proving the need for the project, identifying the project, organizing a project team, verifying the need and mission, diagnosing causes, providing and proving remedies, and instituting long-term controls. Management approval requires justifying the size and costs of quality problems and showing potential benefits. Successful projects typically address chronic cross-department issues, have modest costs, and are completed within 6 months.
This document summarizes a white paper on cost reduction tactics and profit improvement ideas. It lists the top 5 cost reduction tactics used during the 2008 recession as reducing discretionary spending, compensation, layoffs, capital expenditures, and marketing/R&D spending. The top 3 current challenges are inadequate resources to drive growth, the need to increase profitable revenues, and loss of momentum. The document provides 22 specific profit improvement ideas from companies and suggests optimizing resources, increasing revenues, and regaining momentum to overcome the challenges. It emphasizes that reducing expenses alone is not sustainable and companies need to focus on growing revenues faster than costs.
This document defines and compares cost control and cost reduction. It discusses key areas to focus on for each, including labor, material, sales and energy. Cost control aims to maintain costs according to standards while cost reduction lowers unit costs without affecting quality. Some advantages of cost control are improved profitability and competitiveness, while disadvantages include reduced flexibility and innovation. Advantages of cost reduction include lower product prices and meeting competition, while quality may be sacrificed. The document outlines techniques for each, such as budgetary control, standard costing and inventory control for cost control, and material handling, automation and work study for cost reduction.
- State Bank of India saw increases in total income (16%), operating result (26%), receivables (20%), and net result (41%) from May 2013 to May 2014. Total expenses increased 15% and payables increased 14%.
- Overheads decreased overall from Rs. 863 crores to Rs. 671 crores due to decreases in controllable overheads from cost cutting measures like reducing telephone allowances and increasing electronic communication. Non-controllable overheads increased due to their fixed nature.
- Specific overheads like postage, stationary/printing/advertising, and miscellaneous expenses decreased, while repairs/maintenance and medical expenses increased from May 2013 to May 2014.
Activity-based costing (ABC) assigns overhead costs to products and services based on their use of resources such as machine hours or labor hours. It was developed to more accurately assign indirect costs than traditional costing methods. ABC identifies activities performed in an organization and assigns costs to these activities using cost drivers. The costs of activities are then assigned to products or services based on their use of each activity. This provides managers with more accurate product costs to make better-informed decisions.
WHAT YOU WILL LEARN:
- Case studies of cost-reduction; what works and what doesn't.
- Cost saving strategies and critical success factors, and how to relate them to specific business areas and processes.
- How to identify opportunities for cost-reduction by identifying duplication of business functions/tasks, resources and services through a process view.
- How to monitor success of cost-reduction measures in real-time through dashboards & cockpits (KPI's and PPI's).
Cost accounting tracks and analyzes costs to help businesses control expenses and maximize profits. Target costing determines the cost at which a product must be produced to generate desired profits at its anticipated selling price. It involves defining the product, setting cost targets, achieving targets, and maintaining competitive costs. Kaizen costing maintains present costs for existing products through continuous improvement efforts. Activity-based costing assigns overhead costs based on activities and cost drivers rather than direct labor hours, providing more accurate product costs.
Project cost management includes planning, estimating, budgeting, and controlling costs to complete a project within its approved budget. A cost management plan establishes how project costs will be planned, structured, estimated, budgeted, and controlled. Cost estimates are developed by analyzing the resources needed to complete project activities using techniques like analogous estimating, parametric estimating, bottom-up estimating, and three-point estimating. Estimates are based on the project scope, schedule, risks, and other factors and are expressed in currency or other measurable units.
Sustainability through cost containmentIsrat Mustafa
This document discusses adopting lean management principles to achieve sustainability through cost containment. It outlines three phases for establishing a lean foundation: 1) identifying primary and secondary processes, bottlenecks, and standardizing processes; 2) stabilizing processes through employee development and empowerment; 3) encouraging continuous improvement through kaizen and achieving zero defects. The focus is on cost cutting, efficiency, and customizing lean tools for long-term sustainability while establishing cultural changes like employee empowerment. Examples are given of companies achieving reductions in costs, errors, and unnecessary work through applying lean principles.
This document outlines an agenda and approaches for cost reduction. It discusses drivers of cost reduction like globalization and increased product changes. It then details a cost reduction program that engages in planning, risk management, and pricing. The program involves cost planning, estimation, and reduction approaches like value engineering, portfolio rationalization, discount usability engineering, and design for manufacturing. The presentation provides examples and explanations of how to implement these approaches to achieve fundamental cost reduction early in the development process.
This document is a training module on lean manufacturing cost cutting methods developed by the National Council of Small and Medium Sized Private Enterprises of Romania. The module contains three chapters that discuss methods for gathering and analyzing data to cut costs, methods of cutting costs by reorganizing production processes, and implementing improvements. It provides examples and case studies throughout. The overall aim is to introduce lean concepts and tools to help manufacturers identify waste, increase productivity, and reduce production costs.
The document discusses cost control and cost reduction. It defines cost control as monitoring and regulating expenditure, while cost reduction aims to identify and eliminate unnecessary costs. The key aspects of cost control are planning, communication, motivation, appraisal and decision making. Main areas of cost control include materials, labor, overheads, sales and energy. Techniques for cost control and reduction mentioned are budgetary control, standard costing, inventory control and ratio analysis. The document also provides examples of requirements documentation, vendor evaluation criteria and scoring for procurement projects.
While cost cutting is necessary, it can negatively impact staff performance, productivity, trust and morale if not done carefully. The document provides tips for cutting costs without damaging team dynamics, including establishing essential costs, identifying luxuries, reviewing optional costs, cross-training staff, focusing on efficiency, negotiating supplier costs, reducing equipment and supply costs, utilizing teleconferencing, and communicating changes with employees. The key is balancing cost reductions with maintaining productivity and trust within the team.
Role of cost control strategy in achieving coorporate survival and growth a c...vicphil
This document is a cover page and title page for a research project submitted by Gloria Clement for a Postgraduate Diploma in Business Administration from the National Open University of Nigeria. The project is on the role of cost control strategy in achieving corporate survival and growth, using Nigeria Brewery in Enugu State as a case study. The document includes sections on declarations, approvals, dedication, acknowledgements and a table of contents that outline the structure of the research project.
The company lost facilities and equipment due to a tsunami, so cost reduction is needed to increase capacity. The summary recommends:
1) Introducing a website and social media to provide reliable data about product safety and better customer service, while canceling unmeasurable TV commercials.
2) Eliminating $129,520 per year in costs by canceling international calls ($12,900), reducing business trips ($46,620), and the TV commercial ($70,000).
3) Improving the seven factors of service quality to reduce long-term customer service costs.
Cost control and cost reduction are important processes for businesses. Cost control involves setting targets, monitoring costs, comparing actual costs to standards, and taking corrective action if needed. It aims to achieve cost standards and optimize costs before they are incurred. Main areas of cost control include materials, labor, overheads, sales and energy. Cost reduction identifies and eliminates unnecessary costs to improve profitability. It aims to improve standards through continuous, innovative measures to permanently reduce unit costs. While cost control prevents costs from exceeding limits, cost reduction begins where cost control ends by establishing improved standards and production methods.
What are the risks and opportunities created by global sustainability issues. How can you turn these into a strategic advantage for your organisation.
Presentation for the meetings and events sector
Sellers vs Buyers - “Tactics and Strategies from the Front Lines”Gerard B. Hawkins
SELLERS vs BUYERS
“Tactics and Strategies from the Front Lines”
A definitive guide to techniques for conditioning the “Seller” and techniques for conditioning the “Buyer”
Aims and Objectives
Generation of Supplier Positioning Model
Categorization of Suppliers
Tactics and Strategy applied to relative positions
Buyers Overall Aims
Material Strategy Model
Analysis Considerations
Spend Matrix
Procurement Profile Strategies
Supply Positioning: Portfolio Analysis
Supply Positioning: Analysis
Supplier / Buyer Conditioning
Supplier Conditioning Aims
Techniques
Customers' Expectations and the Supply Chains
The Buyer’s Influence cycle
Conditioning the Seller
Procurement Marketing
The document outlines steps to uncover hidden savings through procurement processes. It discusses how priorities often compete with spend discipline and teams fail to align on opportunities. A 7-step process is provided to align stakeholders, prioritize requirements, analyze results, and negotiate contracts to start the savings journey. Creating expense owners, using analytic tools, and reflecting savings targets in budgets can help achieve and sustain savings over time. The savings journey leads to capturing sustainable savings through disciplined spending.
Inventory Cost and Order Quantities- Purchasing FundamentalsBill Kohnen
Inventory carrying cost, Acquisition costs and Economic Order quantities are basic purchasing and supply chain concepts. Knowing the concepts can help to identify strategic and tactical steps to lower total costs which can directly improve overall ROI
Seminar ini membahas beberapa topik terkait manajemen pembelian seperti strategic sourcing, keterampilan negosiasi, manajemen kontrak, dan kompetensi pembelian."
The document discusses Six Sigma, a quality management strategy focused on reducing defects, as well as its history and key aspects. It explains that Six Sigma aims for near perfection by reducing defects to 3.4 per million opportunities. The document outlines the DMAIC process used in Six Sigma, which stands for Define, Measure, Analyze, Improve, and Control. This is an iterative, data-driven problem-solving approach to process improvement and variation reduction.
1) The document presents a case study exploring the theoretical assumptions underpinning Kraljic's purchasing portfolio model.
2) The case study examines a national procurement service's framework agreement for the supply of natural gas.
3) Preliminary findings suggest the actual conditions present a more strategic product classification than expected, with high relative value but also high supply risk. The observed buyer-supplier relationship also indicates greater buyer dependence than assumed.
The annals of commercial history are full of anecdotes about the B2B buyer-seller relationship. Variously described as a contest, a war, a win/win partnership, a value-adding collaboration, a strategic venture, there are very few sales people who don’t have an epic tale to tell about an encounter with a purchasing manager. And, on the other side of the fence, most procurement professionals have plenty to say about sales people!
We wanted to find out how the sales function interacts with procurement in 2012, and for this reason, we decided to re-run a survey we carried out in 2007 which revealed some stark messages about Sales’ preparedness for dealing with this rapidly evolving function. We also added some new questions to the original survey to make for a richer picture.
In essence, the research showed sales people being reactive, transactional, overly focused on face-to-face behavioural negotiation tactics, and unaware of the strategic, analytical and longer term methods being employed by, arguably, a superiorly-educated procurement profession.
Our conclusions are that sales and account management must:-
•Do their homework; undertake Analysis Before Action
•Recognise procurement is after your job as The New Trusted Advisor
•Understand the Levers of Power and Value at play in their key relationships
•Ditch any avoidance behaviour and accept that it’s now Time to Engage with Procurement
We debate the survey results from both the Sales and Procurement points of view, and suggest that no longer this issue can be ignored by suppliers where procurement is in the game.
www.fourpillars.co
The presentation discusses about how procurement function can help companies to get cost savings, the difference between cost savings and cost avoidance, types of cost savings, and examples of ways to achieve cost savings and cost avoidance
Practically Applying Sourcing Grids for Risk Management Thomas Tanel
Purchasing and supply management have never been easy. The past several years have caused many executives and professionals to lose more sleep and gain more gray hair (or lose more hair) than usual; therefore, the next decade requires upgraded skill sets to survive.
Portfolio analysis is one of the most powerful techniques
used by the purchaser, despite its simplicity. It is a simple “grid” tool that charts the amount we spend on products or services and the complexity of its acquisition.
Portfolio analysis helps us define our sourcing strategy and the best sourcing techniques to use dependent upon the position on the sourcing grid. It also defines the relationships (supplier positioning) we need to have with our key suppliers and gives us an insight in how the key suppliers may see us in perception model. It allows you to organize your time and
resources for maximum benefit and it encourages strategic thinking and analysis to reduce cost, add value, and minimize risk.
This document discusses negotiation and culture in international negotiations. It covers several key points:
1. It defines negotiation as an interactive process where parties seek mutually beneficial outcomes through joint decisions.
2. Culture influences negotiation through dimensions like power distance, individualism/collectivism, masculinity/femininity, and uncertainty avoidance.
3. Cultural dimensions have implications for negotiation tactics - for example, high power distance cultures tend to have more centralized control in negotiations.
4. Understanding differences in interpersonal behaviors across cultures is essential for successful cross-cultural negotiation. Being aware of how culture shapes interaction styles is important.
This document provides an approach for analyzing a supply market and adding value to customers through that analysis. It outlines performing a PESTEL analysis of the political, economic, social, technological, environmental, and legal factors impacting the supply market. It also describes analyzing the supply market using Porter's 5 Forces to understand suppliers, buyers, substitutes, new entrants, and competitive rivalry. The goal of this supply market analysis is to reduce costs, identify global sourcing opportunities, improve supplier relationships, and realize value through benchmarking suppliers.
Pemerintah mengumumkan rencana untuk membangun pusat perbelanjaan baru di pusat kota untuk mendukung pertumbuhan ekonomi. Rencana ini mendapat dukungan dari kalangan bisnis tetapi ditentang oleh kelompok lingkungan karena khawatir akan mengganggu ekosistem setempat. Perdebatan masih berlanjut mengenai dampak sosial ekonomi dan lingkungan dari rencana pembangunan tersebut.
This document discusses strategic analysis and choice frameworks. It introduces concepts to help strategists generate alternatives, evaluate them, and choose a course of action. It describes the nature of strategy analysis and choice, including establishing objectives, generating alternatives, and selecting strategies. Analytical frameworks covered include the internal-external factor matrices, SWOT analysis, BCG matrix, and matching key internal and external factors to formulate alternative strategies. Limitations of the SWOT matrix are also noted. The overall purpose is to provide strategists with tools and concepts to aid in strategic decision making.
This article discusses how purchasing managers can adopt a more strategic approach to managing suppliers and supplies. It outlines a four phase process for classifying suppliers based on profit impact and supply risk. This allows purchasing managers to differentiate between supplier types and tailor strategies. The four phases include classifying supplies, analyzing supply markets, strategically positioning supplies based on the classification, and developing action plans to strengthen organizational structures, systems, and staff to support the strategic supply management approach. Adopting this strategic perspective helps companies better guard against supply disruptions.
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IPDC has been facilitating a considerably numbers of public trainings and in-house training programs in Performance Management and Appraisal Skills for the last 15 years
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IPDC TRAINING - Negotiation Skills for Procurement and Contract SpecialistIPDC Training Institute
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PIP delivers rapid results for clients through their core methodologies and coaching professionals, which sets them apart. Their training courses teach frameworks and tools that can be implemented immediately to drive change. Participants gain capabilities and practical tips to enable ongoing, sustainable results through coaching during and after training. Courses cover topics like continuous improvement, lean management, strategic sourcing, rapid sourcing, leadership, construction productivity, capital project optimization, and salesforce effectiveness.
The document outlines the agenda for a 5-day Certified Lean Consultant training and certification program hosted by Lean India Consulting Group. The agenda covers topics such as the evolution of consulting, the consulting process, marketing consulting services, managing consulting projects, lean principles and tools, and value stream mapping. Participants will learn how to apply lean thinking to identify improvement opportunities and execute projects through simulations, group exercises, and case studies. Upon completing the training and passing an exam, participants will receive a certification and takeaways including training materials and templates.
1. The document outlines a training course on process benchmarking that teaches employees how to measure business performance and drive improvement through data-driven decision making.
2. The training will cover key lean principles and metrics like cycle time, waste reduction, and customer satisfaction.
3. Participants will apply what they learn to an improvement project and have their skills assessed based on certification standards and their ability to achieve measurable goals.
Learning is essential part for every organizational growth and development. Every world-class institution realize that high quality learning process is what eventually set them apart from the average. Learning & Development are not a static activity, it always dynamically evolves, we therefore need a high-quality framework to catch up with this evolution of performance needs. 4-MAT System was developed by Dr. Bernice McCarthy as a transformative learning framework which engage the whole function of brain in learning and processing information.
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IPDC has been facilitating a considerably numbers of public trainings and in-house training programs in Performance Management and Appraisal Skills for the last 15 years
Similar to IPDC Training - Cost Reduction Program (20)
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Supply chain sebenarnya sudah ada selama ada supplier & customer. Tapi bagaimana mengelola mata rantai supplier & customer tsb untuk meningkatkan daya saing, mulai berkembang pada akhir dekade ini. Hal ini sejalan dengan berkembangnya teknologi informasi dan globalisasi Saat ini Supply Chain Management merupakan competitive advantage penting bagi perusahaan global dalam memberikan pelayanan yang cepat dengan variasi produk yang tinggi dan cost yang rendah, sehingga perusahaan dapat tetap exist di tengah persaingan yang semakin ketat.
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Managing the process and workload is just not enough nowadays. Instead, the modern manager needs to be able to motivate their team, be able to manage change, deal with difficult people, manage performance, they need to be able to coach and develop their staff – the list goes on!
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This training program offers opportunity for participants to acquire insights, explore leadership and management skills, supervisory management concepts, and examine actionable strategies for building the kind leadership and management skills to enable their team or their co-workers to deliver their optimum performance.
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PT. IPDC CONSULTING & ADVISORY
IPDC TRAINING INSTITUTE
Rasuna Office Park II / QO-08 Komplek Apartemen Taman Rasuna Setiabudi, Jakarta Selatan, DKI Jakarta - Indonesia 12960
Phone : (+6221) 8378 6465 / 8378 6477 / 8378 6389
Fax : (+6221) 8378 6478
Email : training@ipdc.co.id
Website : www.ipdc.co.id
Please contact our Customer Relationship Manager / Training Advisor for further information about the training topic or requesting in-house training proposal.
PT. IPDC CONSULTING & ADVISORY
IPDC TRAINING INSTITUTE
Rasuna Office Park II / QO-08 Komplek Apartemen Taman Rasuna Setiabudi, Jakarta Selatan, DKI Jakarta - Indonesia 12960
Phone : (+6221) 8378 6465 / 8378 6477 / 8378 6389
Fax : (+6221) 8378 6478
Email : training@ipdc.co.id
Website : www.ipdc.co.id
Please contact our Customer Relationship Manager / Training Advisor for further information about the training topic or requesting in-house training proposal.
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Tata Group Dials Taiwan for Its Chipmaking Ambition in Gujarat’s DholeraAvirahi City Dholera
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2. Table of Content
1. IPDC Experiences 3
2. General Approach & Methodology 9
3. Proposed Training Agenda 15
4. Facilitator Profile 25
5. Training Fees 32
SECTION PAGE
2
3.
4. Our Experience
4
FACT SINCE 2000
We are one of the leading training institution in Indonesia serving Oil & Gas Industry and Multi
Industries.
5. 5
FACT SINCE 2000
We are one of the leading training institution in Indonesia serving Multi Industries.
Our Experience
6. Training Categories We Offer
1. Oil & Gas Industry Knowledge and Practice
2. AFE, POD & WP&B
3. PTK 007
4. Public Accounting & Financial Aspects.
5. Tax Management in Oil & Gas
6. Communication & Interpersonal Skills
7. Workplace & Professional Enhancement Skills
8. Professional Skills for Secretaries & Admin Staff
9. Strategic Thinking, Planning & Change
Management
10. Human Resources & People Management
11. Leadership Development
12. Document Management, Administration & Modern
Office
13. Management of Training
14. Supply Chain in Management in Oil & Gas
15. Pre-retirement (Purnabhakti)
16. Project Management & Project Planning in Oil &
Gas Industry
Our Experience
Our Trainers / Consultants
We currently have 100
Associated Trainers/ Consultants
Our Trainers and Consultants are
seasoned, Industry-tested professionals.
They’ve gained for more than 20 years
of professional experience coming from
international and national firms, and
they’ve been senior-level executives or
directors in businesses.
6
7. Current Similar Experiences (in-house training)
Please check and request from us for
a copy of contract for fact and data
verification on our claimed
experiences in similar trainings.
Our Experience
IPDC has been facilitating a considerably
numbers of public trainings and in-house
training programs in Self Management
Skills for the last 15 years
7
8.
9. We facilitate the training by using the following learning methods:
Approach & Methodology
Conceptual &
Discussion
50%
Practice & Application
Learning Methods
The training delivery is delivered in Bahasa Indonesia, however, some terminology
maybe remained in English
9
10 %
Case Study
40 %
Practice &
Application
LEARN IT - DO IT - MAKE IT A HABIT
10. 2 Days
Training Date:
TO BE ADVISED
Approach & Methodology
ParticipantsTraining Duration for the Program
Duration & Participants
10
Maximum of 20 Participants
of each Class
11. Approach & Methodology
Evaluation Tools Description Specific Tools
Pre and Post-
Assessment
• Identify participants current competencies and
areas of improvement
Various Pre and Post
Assessments
Overall Training
Evaluation
• Assess the level of learning that is being
achieved throughout the program
• The reaction of the participants and their
thoughts, knowledge and behavior about the
training
• Kirkpatrick's Four-Level
Training Evaluation
Model
• IPDC’s exclusively
designed Evaluations
Form (if required)
Training Effectiveness Evaluation
11
12. Upon completion of the Training (All sessions of Training, Post Assessment,
Evaluation and Observation), IPDC shall submit the following Reports in form of
Hardcopy and Softcopy:
Approach & Methodology
• Report of Program
result
• All survey and
evaluation result of the
program
12
Report
13. As part of training delivery, IPDC shall submit the following items:
• Training material/ tool kit
for all participants.
• Certificates of
Achievement for all
participants.
• Program documentation
(In-Class session) and
video recording.
Approach & Methodology
13
Deliverable
14.
15. Program Agenda
15
Why Does Cost Reduction is Important?
Since the 1980’s cost cutting programs have become an integral part of corporate life in the
search for increased profits, it does lead to temporary gains in efficiency however, whilst
helping to meet earnings targets they rarely lead to sustained improvement in competitive
position.
Cost management should be closely aligned with and made part of corporate growth
strategies, the challenge is not just to lower costs but also to ‘out invest’ competitors on
growth. There are four principles for achieving this involving the use of ambitious sales and
earnings growth targets, tailored cost-reduction targets, selective cost cutting and improved
organizational capabilities.
Program Introduction
16. Today’s realities demand:
– Larger and more global organizations
– Changing global economy and
Competitiveness
– Leaner organizational structures
– More dynamic labor markets
– Increased importance of human capital
– Enhanced leader pipeline to offset
demographic trends
– More efficient manufacturing techniques
18
Program Agenda
Program Introduction
Why Does Cost Reduction is Important?
Source: Bain & Company, 2015
17. 18
Program Agenda
Program Introduction
This Cost Reduction for Purchasing training program will
feature:
• Determining the Procurement
Strategy
• Conducting Spend Analysis
• Implementing Whole Life
Costing
• Category Management
• Sourcing Strategy
18. Program Agenda
Overview
This training course has been specifically designed to develop a deep understanding of how to
apply viable cost reductions in procurement. This training course will look at how you should
take a pragmatic and holistic view to develop a sustainable and viable strategy that
concentrates on supplier development, sourcing strategies, category management, win-win
negotiation, collaboration and achieving the best price for the best value throughout the
whole supply chain; without diminishing the level of service or quality.
On this training course you will learn that strategic direction must not be confused with just
“cost cutting” activities that will see the organization apply a reduction in prices of
product/service prices from their vendors and contractors. You will learn that tactical plans
often concentrate only on price management, whereas more strategic and transformational
planning impacts the underlying cost drivers and also highlights the areas of waste and
inefficiency.
By attending this training course you will think long-term and learn how to work with all the
supply chain to implement a program of cost containment initiatives that examines the
efficiency of the supply chain, analyzing wasteful measures and looking at the whole life
costing by using relevant spend analysis and Total Cost of Ownership techniques.
18
19. Program Agenda
The program objectives are …
19
• Understand the actual requirements of why a service or product is being procured
• Understand the rationale required for a cost reduction strategy
• Understand the need for change to more strategic and innovative approaches
• Implement strategies to work with the supply chain to reduce costs in a pragmatic
way
• Learn how to negotiate and develop a win-win situation
• Conduct spend analysis on all categories
• Implement long term saving initiatives
20. Program Agenda
20
DAY ONE Cost Reduction for Purchasing Department
Time Session Topic
07.45 – 08.00 Opening Sessions & Training Ground Rules
08.00 – 10.30
The Procurement
& Purchasing
Strategy
• Basic Purchasing Processes and Activities
• Understand the real needs of the organization
• Determine the risks involved
• Conducting an internal spend analysis
• Identification of a long term cost reduction strategy
Individual and Group Sharing & Discussion
10.30 – 10.45 Coffee Break
10.45 – 12.00
Today’s
Purchasing
Management
Process & ethod
[Part – 1]
• Procurement analysis tools and techniques
• Strategic cost management
• Principles of cost and value management
• Understanding the principles Total Cost of Ownership
Case Study & Discussion
12.00 – 13.00 Lunch Break
21. Program Agenda
21
DAY ONE Cost Reduction for Purchasing Department
Time Session Topic
13.00 – 15.00
Today’s Purchasing
Management
Process & Method
[Part – 2]
• Benchmarking and developing ‘should cost’
• Cost modelling / bottom up costing
• Vendor Selection Process and Flow based on company’s
objectives
• Risk Management in Purchasing
15.00 – 15.30 COFFEE BREAK
15.30 – 17.00
Request for
Proposal (RFP)
• Developing a comprehensive RFP
•Process; Aspects, Don’t and Do, Risks, etc.
Individual Exercise and Group Discussion; Case Study
22. Program Agenda
22
DAY TWO Cost Reduction for Purchasing Department
Time Session Topic
08.00 – 10.30
Supplier
Development and
Collaboration
[Part -1]
• Introducing clear and measurable cost reduction targets
• Developing incentive programs with key suppliers
• Selection and Evaluation Vendor
• Method and System to measure supplier or vendor
performance
10.30 – 10.45 Coffee Break
10.45 – 12.00
Supplier
Development and
Collaboration
[Part -2]
• Negotiation strategies for a win-win relationship
• Renegotiating and changing existing supply contracts
• Monitoring performance and rewarding excellence
12.00 – 13.00 Lunch Break
23. Program Agenda
23
DAY TWO Cost Reduction for Purchasing Department
Time Session Topic
13.00 – 15.00
Individual and Group Exercise Discussion on Cost Reduction [Part 1]
• Sustainable Cost Reduction Program
• Tools and Techniques to Determine Cost Reduction
15.00 – 15.30 COFFEE BREAK
15.30 – 17.00
Individual and Group Exercise Discussion on Cost Reduction [Part 2]
• Request for Proposal
• Negotiation Skills and Techniques with Supplier
Lesson Learned; Action Plan & Commitment; Evaluation & Feedback
24.
25. Engagement Leader
Cost Reduction for Purchasing Department
Bun Sucento, MBA. M.Mgt (Managing Director – IPDC)
Proposed Training Facilitator
Facilitator(s)
Training Facilitator
25
26.
27. Training Fees
Based on our understanding and scope of work analysis, the following are our professional fees
Program Duration Fees (IDR) – Total
Max. Number of Participants
in One Class
Cost Reduction for
Purchasing Department
2 Days
The above quoted price described the following are
included:
• Professional facilitators
• Development and Reproduction of Course Manual
• Pre-Test and Post Test
• Training Kit for all participants
• Completion Certificates for all participants
• Report of Activities and Assessment
• Excusive Souvenir (USB 8GB) for Participants
The quotation is
excluded VAT 10%
and training venue,
but included PPh
Service
27