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Cut Costs and Reduce Waste to Increase Profits
Johannesburg, South Africa
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Event Details & Reservation
Add to Calendar 09/11/2018 08:30 AM09/12/2018 10:30 AMEurope/ParisCut Costs and Reduce Waste to Increase ProfitsHilton Hotel, Sandton, Johannesburgadmintraining@highproskill.comfalseMM/DD/YYYY
Cut Costs & Reduce Waste – The Lean Approach
About this Seminar
One important concept commonly missing in cost cutting discussions is VALUE, the heart of Lean. Although cost cutting is often inevitable, value creation is the real purpose of any business. Value creation requires a global perspective on the value stream, whereas cost cutting naturally leads people to activities defined by cost centers. Cost management should be focused on reallocating limited resources to maximize value creation, not merely cost cutting. Unfortunately in many organizations, managers that are accountable for managing their costs have no responsibility or control over the value creation process.
By differentiating value-added activities from those that are non-value added, many organizations are able to identify and reduce/eliminate waste, and thus, the associated costs, permanently. Building a Lean culture also helps prevent waste from being generated in the first place, and therefore, helps sustain the cost reduction. When additional resources are needed to create value (and an appropriate return), it becomes an investment decision, not a cost one.
This programme aims to enable participants achieve the following objectives:
■ Identify the links between activities and costs ■ Use alternative costing approaches to identify the causes of costs ■ Use an activity based approach to manage costs ■ Identify the major areas of waste ■ Eliminate waste, remove excess & unnecessary costs ■ Integrate continuous performance improvement initiatives ■ Implement effective performance measurement control systems
Who Should Attend?
In a period of economic downturn in particular it is crucially important that all personnel employed in companies, corporations and governmental organisations are familiar with the causes of waste and the resultant impact of excess and unnecessary costs. Everyone in both public and private sector organisations should be familiar with the tools and techniques available to ensure that the operational and financial performance of the organisation continues to improve.
Hilton Hotel, Sandton, Johannesburg
73 Gladiator St, Rhodesfield, Johannesburg, 1631 Johannesburg, Gauteng South Africa