09:30-17:00
PDF Outline
Who is it for?
This course is for anyone who needs to plan better use of resources to deliver more for less
Why you should attend
By attending this course you will be able to:
- Understand the importance of cost in the competitive environment
- Understand that by affecting costs everyone can significantly affect the overall profitability of the company
- Use techniques for cost reduction
- Understand the side effects of cutting costs, e.g. increasing queues
- Understand the importance of finding the underlying causes of repeating problems
- Understand the fundamental concepts of cost-benefit and expenditure justification
What you will learn
Costing of Resources
- The largest cost is labour
- Does saving time save real money?
- Systems thinking - identifying root causes
- Fixed and variable costs and savings of each
- The real costs of labour, resources, queues, etc
- Approximate cost estimation
Optimisation of Resources
- Understanding queues and lead times
- Measurement of utilisation
- Coping with fluctuations in demand
- Balanced lines, bottlenecks and flow
- Supply Chain Management
- Business process reengineering
Strategies for cost reduction
- False economies and cuts that cost
- Cost of sickness
- Cost of labour turnover
- Cost of lost time
- Cost of quality
- Economies of scale
Personal skills required for resource optimisation
- Questioning the way things are done
- Involvement of all staff - getting them to care
- Negotiating with suppliers
- Project Management - planning and control
- Developing a plan for better use of resources
Do I need to bring anything with me?
There is no need to prepare anything beforehand for this course, however it would be useful to bring a calculator with you. Refreshments and a buffet lunch will be provided.
Want to upgrade to a management qualification?
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Complete just one assignment to receive a CMI Award in Management for only £152 more! |
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Or, go further and include this as part of a Certificate or Diploma programme
Certificate registration - £288
Diploma registration - £695 |
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Contact us on 01202 937600 for more details
