Author
Released
7/16/2019- Different cost areas affecting your business
- Comparing cost vs. income
- Enhancing your work environment
- Focusing on the most important management tasks
- Getting better deals on raw materials and labor
- Recognizing your optimum quality level
- The hidden costs of subcontracting
- Where to avoid cutting costs
- Top ten cost-cutting actions to take
Skill Level Beginner
Duration
Views
- Welcome to my cost reduction course. I've spent years learning about this and thinking about this subject, and there's a lot to cover. I've decided to divide it into labour-related costs and other costs you could save. Because obviously there are things like materials and power and all that sort of stuff. But I think the bigger cost in most organizations is labour. And clearly, if you can save people's time, you don't save money unless you can get rid of people. Or do more work with the same people, or not replace people who leave, so you can make saving people's time into a real cost saving. So I've decided to look at people and then all the other costs. And that's how I've structured the course. It's full of meaty stuff. I'm hoping you just get one or two things from the whole course that you can use. 'Cause even if you do that, you'll save a whole load of your costs. But you might decide to do absolutely everything on this course and that will really revolutionize your business if you do that. So, let's get right in and get started.
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Introduction
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What to expect1m 3s
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1. What to Reduce
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Identify your main areas1m 27s
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Comparing cost vs. income3m 22s
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Wrap up16s
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2. Reducing Labor Costs
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Bad time management4m 26s
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The cost of low morale5m 55s
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Only have brilliant meetings5m 10s
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Utilization of people2m 50s
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Reorganisation: Good or bad?2m 26s
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Wrap up53s
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3. Costs Other Than People
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Stock: The hidden curse3m 31s
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What is your optimum quality?10m 13s
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Effectively managing queues4m 37s
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Bottlenecks4m 50s
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Poor utilization of assets2m 51s
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The real cost of bad IT7m 34s
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The small stuff2m 31s
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Get value from marketing4m 39s
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Your company culture3m 17s
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Wrap up51s
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4. Top 10 Tips
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Top 10 things to measure7m 22s
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Top 10 action to take3m 55s
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Conclusion
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Congratulations41s
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Video: What to expect