Operational Cost Savings and Efficiencies

by Chris Bruce

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.

price €125+vat
cpd hours 4 CPD hours
access 120 days' access

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.

Look inside

imac
slide-1
slide-1-thumbnail
slide-2-thumbnail
slide-3-thumbnail
slide-4-thumbnail
slide-5-thumbnail

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.

Reviews

0
(0 reviews)
 
 
 
 
    Recommended

    Why not upgrade?

    Find the best way to complete your CPD

    Course

    Need just a few unitshourshours?

    Pick n Mix

    All you need for this year's CPD.

    Licence

    All you need for this year and more.

    Team

    Keep your whole team up to date.
    Access to this course
    Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,500+ unitshourshours1,500+ unitshourshours
    Access period120 days120 days12 months12+ months
    Audit-proof CPD completion certificate
    Immediate access to our entire CPD catalogue
    Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more!
    Account manager on hand to support your team’s needs
    Learn moreLearn moreLearn more

    Why not upgrade?

    Find the best way to complete your CPD

    You might also like

    Take a look at some of our bestselling courses