Cost Efficiency Management

Has your factory’s management successfully achieved the competitiveness in manufacturing cost?

Has your factory implemented cost improvement program to maximize productivity and profit?

  1. How to improve cost competitiveness to maximize your profit?
  2. How to identify and reduce Muda, Mura, Muri whose factors shall effect your cost improvement activities?
  3. How to prevent unnecessary or unplanned arising costs?
  4. How to manage your cost improvement objectives?
  5. How to increase cost awareness among your employees?

Our "Cost efficiency management" course focuses on cost-competitiveness improvement and profit maximization – survival factor for business. Besides, this course also provides essential methods to solve problematic issues in the production process.

OVERALL

  • Duration:
  • Language:
  • Training venue:
  • Training method:
2 days
Vietnamese
At client’s company as required
Active learning through excercises, case study and group discussion etc.

OBJECTIVES

  • Understand the basic knowledge of cost and its relation to profit.
  • Understand cost improvement methods in order to apply to practice.
  • Develop skills and practical ability of applying cost improvement methods through exercises

TARGET

  • Factory managers, leaders, supervisor and staffs that are in charge of managing and controlling cost

CONTENT

Part 1: Basic understanding of cost
~ The definition of cost and the relation between cost and profit ~ 
  • The definition of cost
  • Cost’s structure
Part 2: Enhance the capability of improving cost efficiency!
~ Understand the principles of cost improvement and its applications to production site ~
  • Understanding of the principles of cost improvement
  • Labor cost reduction
    ― Improve productivity (developing capabilities and performance)
  • Material cost reduction
    ― Reduce inputs’ cost (Value engineering (VE)/ Value Analysis (VA) technique for cost reduction)
  • Other expense reduction
    ― Visualize potential expenses for reduction and apply it to production site for controlling
  • Other costs
    ― What is cost of defective products? Inventory cost reduction
Part 3: Implementation of cost improvement program
~ Adopt PDCA cycle to cost improvement activities ~ 
  • Identify the purposes of cost improvement
  • Determine the steps to implement cost improvement activities
    • Indentify the costs needed for improvement
    • Analyze costs’ data and propose improvement strategies
    • Set target and make plan
    • Assign tasks and identify improvement method for each task
Part 4: Action Plan 

Participants' feedback

"Get the basic knowledge of cost's structure, then be able to find the way to save cost."

(A participant from In-house course, 2017)

"Identify the types of cost and know how to cut them down. "

(A participant from In-house course, 2017

REFERENCES

"Cost Efficiency Management" pamphlet 

For the sample of training material please send your request to us here.

SUGGESTED COURSES

Participants should take these suggested courses below after taking "Cost Efficiency Management" course.

For the sample of training material please send your request to us here.

1-DAY FOLLOW UP PROGRAM

To enhance participants’ practical skills, it's recommended that companies not only conduct training program, but also hold follow-up program to continuously support participants' implementation after the training.

Duration: 1 day (1 month after training)

Objectives:
  • Participants review and deepen the knowledge and skills
  • Participants learn how to put knowledge into actual practice at their workplace
  • Participants notice their weaknesses and learn how to improve them

    ※ For more details, click here. 

    COACHING PROGRAM FOR COST-DOWN

    The 3 follow-up days shall ensure that participants are capable in using their new skills and confidently applying such skills to solve actual issues at their workplace.

     

    Duration: 4 months (5 days for training and coaching)

    Objectives:

    • Understand basic knowledge and methods of cost improvement to reduce costs
    • Have opportunities to utilize the knowledge of cost improvement learned in the training and improve practical skills (strengthen cost competitiveness) 
      Step 1: Training on Cost Efficiency Management (2 days)

       ↓（1 month later）
      Step 2: 1st Follow-up (1 day)
      • Groups report their implementation for last month (compared to the plan: what was achieved, what was not achieved, plan for the next month) 
      • Trainer gives feedback. Groups make plan for the next month  

      ↓（1 month later)

      Step 3: 2nd Follow-up (1 day)
      • Similar to Step 2 
      ↓（1 month later）

       Step 4: 3rd Follow-up (1 day)
      • Groups give presentation of project report

      ※ In addition, we can customize the program based on client's issues, request, and expectation.