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 £75+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

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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

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.

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Access to this course
Total CPD unitshourshours4 unitshourshours21 units20 hours21 hours1,000+ unitshourshours1,000+ unitshourshours
Access period120 days120 days12 months12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your teamís needs
Learn moreLearn moreLearn more
Recommended

Why not upgrade?

Find the best way to complete your CPD

Licence

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Why not upgrade?

Find the best way to complete your CPD

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Why not upgrade?

Find the best way to complete your CPD

Licence

Recommended

All you need for this year and more.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12 months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Course

Need just a few unitshourshours?

Access to this course
Total CPD unitshourshours4 unitshourshours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs

Pick n Mix

All you need for this year's CPD.

Access to this course
Total CPD unitshourshours21 units20 hours21 hours
Access period120 days
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

Team

Keep your whole team up to date.

Access to this course
Total CPD unitshourshours1,000+ unitshourshours
Access period12+ months
Audit-proof CPD completion certificate
Immediate access to our entire CPD catalogue
Exclusive news and CPD every week plus monthly webinars, all year round
Account manager on hand to support your team's needs
Learn more

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