Effective Cost Reduction Skill
to Enable Success
Program purpose:
Effective Cost Reduction – To achieve reasonable price on a win, win situation. To maintain long term partnership with suppliers. Learn how to justify price increase due to commodity price change, currency fluctuation and others.
Program learning objectives
Develop skills to:
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Transform from traditional Buyer to World Class Buyer
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Develop and implement Strategies
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Develop and manage alliance and networks
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Integrated Systems with – no people involved
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Managed Supplier’s risk with action Plan
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Total cost of ownership concept
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Data mining to support strategic initiatives.
Program Objective
You will learn the techniques on how to achieve successful cost reduction. Methods used - cost analysis (cost break down in details) in order to manage the right costing. Cost reduction by Value creation - how to achieve cost reduction by eliminating waste.
MODULE 1
Why Cost Reduction is Important to an Organization?
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New Corporate Game – Business Survival
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Survival Is Not Enough - Growth Is Expected
MODULE 2
Cost Reduction Strategies
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Value Engineering
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Cost Analysis
MODULE 3
Methods on Reducing Cost
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Purchase Zero Defect Parts
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Pareto Analysis
MODULE 4
Effective Methods in Planning and Organizing
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Monitoring of KPI
MODULE 5
Identify Areas to Achieve Cost Reduction
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Direct Materials
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Indirect Materials
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Repair and Maintenance
MODULE 6
Logistic Cost Reduction
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Explore in Areas for Cost Reduction
Courses Available at Penang, Ipoh, Kuala Lumpur, Johor
* Please check our Schedule *
* Customized courses and in house courses are available upon request *
* Remarks: A discount of 5% for Group of 3 to 5 from same organization.
Cancellations: All cancellation of Registration must be made not Less than 14 days prior to training date.
The organizer reserves the right to cancel or postpone the program owing to unforeseen circumstances beyond its control.
* Note: All courses are HRDF claimable.