Operations Cost Savings and Efficiencies

Do you believe that your organisation or project is running efficiently?

When things are going well there is often not enough time to concentrate on anything but the core business activities, and if things are not going well arbitrary cost cutting risks long term existence.

This course will provide a framework to help you analyse your business, consider where to best focus your resources and review how to balance short term cost reductions with longer term business needs.


Understanding Operations Cost Savings and Efficiencies
enables the learner to:

• Understand how to structure a cost savings project
• Learn how to prioritise activities
• Get started by considering real life examples where cost savings and efficiencies
have been achieved
• Provide realistic targets for your business

Project Benefits
• Why do I need to improve me business or function?
• In what ways can my business or function be improved?
• What are the critical signs that cost reductions are required?
• How do I start to plan?

Structure and Format
• What are the essential components of a plan or project?
• How do I structure the project?
• What should the project look like?
• What is the continuous improvement model?
• What is a cost management plan?

Tools and Techniques
• How can I keep things on track?
• Who should lead the project?
• How do you put the team together?
• How should it be managed?
• How can I apply lean techniques?
• What is activity based costing?
• What other useful tools are available?

Successful Projects
• What kinds of thing tend to work well?
• What kinds of thing don’t work so well?
• How can I manage expectations?
• How do I reward success?
• Can I use efficiency and cost saving projects as a competitive tool?
• How do I bring it all together?

Chris Bruce is Operations Director for Northrop Grumman Sperry Marine, a premier provider of Navigation solutions to the Commercial and Military Marine market..