23 - 27 Jun 2025
London (UK)
Hotel : Landmark Office Space - Oxford Street
Cost : 5250 € Euro
In today's competitive business landscape, organizations are constantly seeking ways to enhance efficiency and reduce costs without sacrificing quality. The ability to streamline operations and optimize budgets is essential for sustainable growth and profitability. The "Reduce Costs Operational Budgets by 20% Without Disrupting Work" training program is designed to equip participants with the knowledge and tools needed to achieve significant cost reductions while maintaining productivity and workflow continuity.
Understand the fundamentals of cost management and value assessment.
Identify and eliminate waste, rework, and hidden costs within operational processes.
Develop strategies to create value through process optimization and budget reallocation.
Target improvements in processes to maximize cost savings and efficiency gains.
Establish consistent measures for tracking performance and identifying budget overruns.
Consolidate cost reduction and value creation initiatives into actionable execution plans.
This training program is tailored for professionals across various industries who are responsible for managing operational budgets and optimizing business processes. It is ideal for:
Operations Managers and Supervisors
Financial Analysts and Controllers
Project Managers
Continuous Improvement Specialists
Procurement and Supply Chain Professionals
Business Owners and Entrepreneurs seeking to enhance cost-effectiveness
Day 1: Understanding Costs and Value
Introduction to Cost Management:
Components of operational budgets
Importance of cost measurement and value assessment
Methods of Cost Measurement:
Cost accounting techniques
Activity-based costing (ABC)
Total cost of ownership (TCO) analysis
Identifying Value:
Determining value streams in operations
Assessing value-added activities versus non-value-added activities
Day 2: Identifying and Eliminating Waste
Understanding Waste:
Types of waste in operations (e.g., overproduction, defects, unnecessary processing)
Impact of waste on costs and value
Waste Identification Techniques:
Value stream mapping
Gemba walks
Root cause analysis
Elimination Strategies:
Lean methodologies (e.g., 5S, Kaizen)
Six Sigma principles
Continuous improvement techniques
Day 3: Creating Value Through Process Optimization
Process Optimization Fundamentals:
Streamlining workflows
Reducing cycle times
Standardizing procedures
Value-Creating Processes:
Identifying processes with high value potential
Redesigning processes to increase efficiency and effectiveness
Budget Allocation Strategies:
Allocating budgets to processes that generate the most value
Prioritizing investments for maximum impact on cost reduction
Day 4: Targeting Process Improvements
Process Improvement Techniques:
Performance metrics and KPIs
Benchmarking against industry standards
Cross-functional collaboration
Setting Improvement Targets:
SMART goals for cost reduction and value creation
Establishing baseline performance metrics
Monitoring progress towards targets
Day 5: Developing Consistent Measures and Early Warning Systems
Consistent Measurement Framework:
Standardizing cost measurement methodologies
Implementing performance dashboards and scorecards
Early Warning Systems:
Setting up triggers for budget overruns
Implementing variance analysis techniques
Establishing escalation procedures for corrective action
Consolidating Execution Plans:
Documenting cost reduction and value creation projects
Integrating plans into overall operational strategy
Assigning responsibilities and timelines for implementation