Cost Reduction

Management Special Topics Courses
  • Course:Cost Reduction
  • Course ID:COSTRED Duration:2 days Where: Your Office (7+ Persons)
  • Available as a private, customized course for your group at your offices or ours and in some cases as a WebLive(TM) class.

  • Download Course Description (PDF)

Course Outline

Day One of the Course

 

  • Introduction and Program Overview
  • Optimizing Labor Costs
    • Defining Headcount and Controlling Staff Growth
    • Developing and Implementing Time Standards
    • Measuring and Using Efficiency
    • Assessing Machine Utilization
    • Controlling Overtime
    • Making Multiple Shifts Productive
    • Finding and Reducing Lost Time
    • Using the Learning Curve to Drive Costs Down
    • Risks and Risk Reduction Strategies
  • Reducing Material Costs
    • Make-versus-Buy Determinations
    • Inventory Minimization
    • Material Utilization
    • Minimizing Supplier Costs
    • Supplier Negotiation
    • Supplier Competition
    • Risks and Risk Reduction Strategies

 

Day Two of the Course

 

  • Process Improvement
    • Workflow Optimization
    • Setup Time Reduction
    • Material-Handling Improvements
    • Scrap and Rework Reduction
    • Work Center Cleanliness
    • Risks and Risk Reduction Strategies
  • Design Cost Reduction
    • The Design Approach
    • Requirements Relaxation
    • Tolerance Relaxation
    • Materials Substitution
    • Packaging
    • Risks and Risk Reduction Strategies
  • Controlling Overhead Costs
    • General Overhead Expenses
    • Sales Expenses
    • Travel
    • Inspection
    • Risks and Risk Reduction Strategies
  • Gaining Disciples, Measuring Progress, and Sustaining the Effort
    • Suggestion Programs
    • Measuring Progress
    • Risks and Risk Reduction Strategies
  • Course Summary and Wrap Up