Be recognized as one who can instantly add value to your organization’s bottom line. This hands-on workshop gives you proven techniques for plugging the most overlooked profit leaks. Learn specific strategies for lowering costs, improving productivity, and becoming a more efficient organization. Explore different methods to see how easily you can put them to work.
- Profit leaks and ways to identify them
- Using the rule of 80/20 to analyze costs
- Saving money and increasing productivity through rewards and recognition
- Ways to analyze the bottom-line impact of major decisions
- Tools to measure the customer-service impact of Cost-Cutting Initiatives
- Measuring efficiencies or inefficiencies of work processes
- Process for collecting ideas that increase profits
When you complete this course, you will be able to:
- Develop a clear understanding of the organization’s strategy and how it drives costs.
- Improve internal processes for maximum effectiveness.
- Define what is most important and use that to create leadership leverage.
- Identify and remove costs that do not benefit the customer and create company-wide awareness of the impact of costs.
- Use specific tools that detect, prevent, and fix profit leaks.
Who Will Benefit?
Any employee whose job is to search for profit leaks or who is involved in improving work processes
Prerequisite: At least three years of experience in financial management
Advanced Preparation: None