Cost Reduction Techniques

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Cost Reduction Techniques
I. Introduction a) Why the need for cost reduction measures b) Who can implement these methods? c) Can I really make a difference? Organizing and Developing a Successful Cost Reduction Program a) What management can do about cost reductions b) Developing your cost reduction program c) Waste Prevention and its impact to the bottom line d) Operational analysis – a key to many savings e) Promoting a cost reduction program f) Communication results to all levels of management/organization g) Case history of a successful program Employee Involvement the Key to Cost Cutting a) Best way to promote the suggestion system b) Using a five-step approach c) Administration of the program d) Should awards be considered? Forms Management in Today’s Modern Business a) The basis of forms management b) Future of forms management c) Creating a forms program d) Organizing a forms program e) Steps to establish a program f) Implementing and maintaining the program g) Reports to management Techniques to Reduce the Cost of Paperwork & Cycle Time a) What the history shows! b) Analyzing your paperwork costs c) Establishing your operational flow d) Formulation of the BPI application e) Forms to use in a BPI review f) Checklist procedures

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MRP in Purchasing and Inventory Management a) What a systemized plan confers b) Making plans complimentary c) Symptoms problems of MRP d) MRP conversions e) Knowing the cost of inventory f) How to control inventory investment; 1) VMI applications 2) Baby “k” savings g) How best to dispose of obsolete materials

VII. Productivity Improvement and Cost Controls a) Organizing for productivity improvements b) Performance measurements and improvements c) Expected payoff and benefits d) Applying Activity Based Costing to a process VIII. Quality Assurance as a Cost Reduction Application a) What quality control really is b) Establishing a quality policy c) Analyzing specific process costs d) Quality...
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