Operational Cost Savings and Efficiencies

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This course provides a framework to help you analyse your business’s spending, consider where to best focus your resources, and review how to balance short-term cost reductions with longer-term business needs.

£100 +VAT

4 CPD hours

120 days’ access

Use ACPD101 for 10% off any purchase.

Operational Cost Savings and Efficiencies

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Operational Cost Savings and Efficiencies

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Understand how to structure a cost reduction project specific to your business and the importance of doing so
  • Prioritise activities by using a holistic approach to cost management
  • Discover the tools and techniques that you can use to successfully plan your cost savings and run your business more efficiently
  • Provide realistic targets for your business and learn how to deliver your project to ensure its success

About the course

Is your organisation or project is running efficiently? When things are going well, we often don’t spend enough time looking for efficiency improvements, and if things are going badly there can be a tendency to resort to arbitrary cost-cutting which can risk success in the long term.

This course provides a framework to help you improve your organisation’s efficiency. It helps you to analyse your business, consider where to best focus your resources and review how to balance short-term cost reductions with longer-term business needs to ensure a secure future for your business. Discover how to best plan your cost savings and, once you have decided on your plan, how to deliver this project and manage stakeholder expectations.

Contents

Project benefits

The importance of operational cost savings
Making improvements
Improving my business or function
Critical signs for cost reduction
Strategic cost-cutting
Starting a plan
The role of the accountant

Structure and format

Cost reduction projects
The essential components of a plan
Structuring a project
The SMART criteria
Continuous improvement models
Cost management planning
Making mistakes

Tools and techniques

Keeping things on track
Follow the leader
Putting a team together
Part of the team
Understanding priorities
Applying lean techniques
Using lean techniques
Activity-based costing
Some useful tools

Successful projects

Common reasons for failure
Managing expectations
Making a project a success
Rewarding success
Cost-saving projects as competitive tools
Bringing it all together
Running a successful project

How it works

Author

Chris Bruce

Managing Director of Better & Better Ltd, a consultancy providing “business advice and project implementations” to a range of organisations from start-ups through to multinational corporations.