Cost Reduction: Cut Costs and Maximize Profits

- 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.