Implement A Cost Reduction Program
ACCELERATOR ACCESS:
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Accelerator Objective:
Do you need to take costs out of your business? Is inflation threatening your profitability?
Controlling cost in the current economic climate is a real challenge. You need to be ready to take decisive action, but you need to take the right actions that will sustain the long term future of your business.
We’ve taken best practice cost reduction methodologies and we’ve looked at what other companies are doing in these challenging times. We’re bringing all this together in the accelerator so that you can benefit from our cost reduction toolkit and apply it directly to your business.
You will find out how to successfully reduce costs strategically and avoid some of the common mistakes a lot of companies make.
Accelerator Brief:
In this accelerator, you will find out how to reduce costs strategically. You will look beyond the P&L account and explore how to:
1.
- Segment the products and services in your business and understand what drives cost
2.
- Determine whether these are "good" costs or "bad" costs
3.
- Capture the easy wins
4.
- Implement strategies to successfully drive cost initiatives across the business
