Cost Reduction and Operational Effectiveness (CROE)
This Cost Reduction Opportunities training course provides both strategic and practical insights into the concepts of Cost/Price/Value Analysis, Total Cost of Ownership, and Cost Saving Methods, all of which are critical skill sets in developing and implementing the strategies required for continuous cost savings improvements.
This course will demonstrate a strategic and practical approach to setting and achieving cost-cutting objectives in the workplace.
Learning Objectives:
- Demonstrate knowledge in process analysis, and determine where excess resources are being used in a business process
- Demonstrate knowledge on how human capital acquisition, and development costs can be reduced
- Show how to create and use a spend management system to reduce procurement costs and related costs
- Shows how techniques can be applied to eliminate working capital and related costs
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This module is specially designed for employees, and managers in; Supply Chains, Procurement, Materials, Stores, Logistics, Contracts, Projects, Constructions, Services, Accounting, Finance, Costing, Commercial, Management. Information System. Engineering, Production, Maintenance.
The module shall be delivered by way of:
- Lectures
- Demonstrations
- Video
- Group presentations
- Case studies
- Assignments & Tests
Each training group will have their training resources tailor made to meet their specific training requirements. The delivery method will be adjusted accordingly.
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