Cost Reduction: Cut Costs and Maximize Profits

Get concrete strategies for increasing your profits by reducing how much your business spends. Learn how to more effectively manage labor costs, streamline processes, and more.

Introduction

• What to expect

1. What to Reduce

• What to reduce: Introduction
• Identify your main areas
• Pareto: Where does all your money go?
• Comparing cost vs. income
• Are your customers a cost?
• Wrap up

2. Reducing Labor Costs

• Bad time management
• The cost of low morale
• Bureaucracy and how to reduce it
• Only have brilliant meetings
• Effective uses of management time
• Utilization of people
• The true cost of staff turnover
• How to choose who to fire
• Better alternatives to firing
• Reorganisation: Good or bad?
• Wrap up

3. Costs Other Than People

• Costs other than people: Introduction
• Stock: The hidden curse
• Central purchasing department analysis
• Are subcontractors a hidden money pit?
• What is your optimum quality?
• Effectively managing queues
• Bottlenecks
• Poor utilization of assets
• The real cost of bad IT
• The small stuff
• Get value from marketing
• A lack of investment can be costly
• Your company culture
• Wrap up

4. Top 10 Tips

• Top 10 tips: Introduction
• Top 10 things to measure
• Top 10 action to take

Conclusion

• Congratulations