BUSINESS AND PROCESS IMPROVEMENT

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>  Cost Reduction & Continual Improvement

 

Background

A Cost Reduction Plan is expected to achieve results that flow to the bottom line of the financial statement without causing damage to the organization itself. A good Cost Reduction Plan is as much about damage control as it is about cutting costs. An effective Cost Reduction Plan should result from management planning, a thorough understanding of areas where cost incurred is high, profitability and a desire to satisfy customers.

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Cost Reduction Plan may be implemented through Continual Improvement Plan, which should be a thoughtful plan of action with employees that are involved in the process.

 

Duration

2 Days

 

Content

•   Overview of Costs for maintaining Quality ( Cost of Quality)

•   Understanding MURA

•   Process Mapping

•   Identification of Cost of Quality

•   Evaluation and Value Analysis of COQs

•   Prioritization Matrices

•   Identification of Continual Improvement Projects

•   Development of Continual Improvement Plans

•   Root Cause Analysis (Cause & Effect Diagram)

•   Corrective & Preventive Actions

•   Measurement of Improvements

 

Benefits

•   Reduced costs

•   Increased profitability

•   Increased productivity

•   Better work culture

 

Who should attend?

•   Managers who are responsible for key results

•   Employees who are to be future leaders/ managers