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Strategic Cost Saving-Business Process, Cash & Total Cost Approach
 

                          Strategic Cost Saving-Business Process, Cash

                                           & Total Cost Approach

                                          A 2 DAY WORKSHOP

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Introduction:

Growth and cost strategies are inseparable. They need each other. They joined together at the hip like our leg joined to the body.

 

Cost Saving is such a generic, common and yet sexy. However, experience shows that in most cases they are not done strategically and the balancing between investment and cost is often not there during a crisis exercises. Worst of all is that full scale cost down is launch during crisis time. Are all these good?  Why full swing cost down only practice during a downturn and not always? How about growth areas during down turn? Do we spend on this area or no?

 

Purpose of this workshop

The purpose of this workshop is to equip participants on:

1.                  How to manage a cost down program year after year.

2.                  Learn balance between growth and cost down strategically.

3.                  Learn how to cost down on a Proactive (front end) and not reactive (back end after cost already happen)

 

Objectives:

At the end of this course, participants will be able to:

1.                  Identify strategic areas to reduce cost

2.                  Structure control mechanism for monitoring the.

3.                  Reduce bureaucracy in the cost down program

4.                  Balance the growth and cost down strategies strategically.

 

Workshop outline:

 

Introduction

·        Good Cost Management are unsung hero

·        Intelligent Cost Down Management

·        Challenges for a Cost Leader

 

Cost Principles

·        Cost Dynamics

·        Nature of Cost Trend -

·        Cash Cost Vs. Profit and Loss Cost

 

 

Techniques and Tactics

 

Business Process & Systems Thinking

·        Systems thinking overview

·        Speaking of Finance

·        Process Management – key & sub processes

·        Simplicity, Macro View, New Ideas

·        Bureaucracy identifications and removals

·        Waste identifications and removals

·        Probing Questions all along the process of this half day.

·        Change and Creativity

·        Business Process Management

 

 

Functional Operation

·        Best practices and level of playing field

·        Competitor’s Cost

·        People cost:

o       Problems

o       Method of Evaluation

o       Key areas to consider before hiring & firing

o       Managing average performers.

·        Suppliers:

o       Balance of power

o       Total Cost ownership

o       Services Cost

 

·        Wire and Global

o       Help with internet and globalization

  

 

Cost Management as Strategy

 

·        Impact by Business Information

o       How does information impact cost

o       What information to have by different user groups.

 

·        Impact by Operation and Support  Process

o       Business processes

o       Operating Functions

o       Business Assets, in particular working capital

 

·        Management Control as Heros

o       How and when

o       Tools

o       As a project

 

Workshop Deliveries Methods

Participative and active. On top of presentation by the Trainer/Facilitator, participants get to have a chance to work on his/her own as well as through group discussions on exercises and case studies.

 

Who should attend?

All level of staffs as cost savings are the responsibilities of all in an organization.

 

Certificates

Certificate of attendance carrying the Logo of “Haines Centre for Strategic Management, USA” will be given upon completion of the workshop.

 

Cost:       

RM1,200 per participants,   Early Bird rate:  RM1,000 per participants

 

 

 

Programs include:

 

1) Strategic Business Planning & Management

 

2) Strategic Working Capital Management

 

3) Predictors of Impending Business Failure

 

4) Financing Application: Lenders' perspective

 

5) Strategic Cost Saving-Business Process, Cash & Total Cost Approach

 

6) Business Accounting & Finance for Non-Financial Specialist

 

 

 

 

 

 

 

 

 

Dr. Tan Kok Tee  is a Gold Mastery Certificate recipient in Strategic Management from the Haines Centre for Strategic Management®, USA, under its certification program sponsored by the University of San Diego. He is also one of the Principals of the Haines Centre for Strategic Management®.

 

Haines Centre for Strategic Management® is a Global Alliance of Master Consultants, Trainers, Coaches and Facilitators, headquartered in USA, specializing in the Systems Thinking ApproachTM to strategic management. Today, the Haines Centre for Strategic Management® has facilitated and trained countless executives/managers including CEOs and Directors in Strategic Management and consulted by numerous organizations of various sizes in their Strategic Management matters.

 

Kok Tee, is also a Fellow member of the Association of International Accountants, UK (one of the 5 professional accountancy bodies in UK and EEC qualified to be external auditors for PLCs). He also holds an MBA – Finance, from the Charles Sturt University, (CSU) Australia.

 

His other professional memberships included being a member of the Malaysian Association of Company Secretaries, a body prescribed under the Malaysian Company’s Act to practice as Company Secretary.

 

Kok Tee has a total of more than 35 years of working experience, of which 25 years were at senior management level, in commercial enterprises of different sizes and industries such as manufacturing, marketing and distribution, construction and quarrying, and services industries.   During the course of his work, he has acquired invaluable experience and knowledge in the area of Accounts & Finance, Risk and Control, Business Administration, Management Principle and Practice, Business Process Management and improvement, Annual Strategic Planning and Management, Working Capital Management,  Debt Collection Technique, Stock Management, Cost Saving Programs and Customers Service Management.

 

The sharing of his more than 25 years of knowledge, skill and real life practical experience gained at senior management level through his workshops, In-House Training/Facilitating and Consulting will benefit many managers in the above mentioned areas. 

 

Kok 

 
 
 
 
   
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Our services are rendered to companies across Asia and other parts of the Globe