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Creative Ways to Cut and Control Costs  

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Seminar Summary:

Strategies to help your business slash wasteful spending, tighten cost controls, and boost your bottom line (see full course description)

 

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Training Course Syllabus:


54 Ways to Cut and Control Costs


Summary:


Attend 54 Ways to Cut and Control Costs, and you'll discover how to implement new cost-cutting measures, control and manage existing costs, and improve your organization's bottom line. This is essential training for anyone interested in more economical business practices. Jam-packed with tips, action steps, ideas, and techniques, this course offers timely, critical information guaranteed to conserve your organization's financial resources. You'll be absolutely amazed at how many areas you'll find in which costs can be reduced, controlled, and managed more effectively.


Take action now, and start saving your organization money today!

  • Learn how to get your employees on board with new cost-control and cost-cutting measures

  • Gain financial analysis tools to help you determine where, when, and how to begin controlling costs within your organization

  • Discover how to examine your budget from a fresh perspective, and uncover new opportunities to refine spending and cost management

  • Get the best rates from your vendors! Learn how to re-evaluate your contracts, negotiate for better rates, and take better advantage of discounts

  • Uncover "hidden" expenses that are draining your organization's cash every month!


Overview:

 

Learn from real-world examples and best practices that have proven successful in large and small organizations nationwide. These are no-nonsense, realistic ideas, tools, and techniques that will greatly benefit your organization — both now and in the future. You will discover how to pinpoint opportunities for financial gain through more effective outsourcing, contracting, bidding, and negotiations; learn how to improve your internal systems and processes; and help your employees develop a more cost-conscious mindset. Taking a proactive stance on cost containment now will lessen the likelihood of having to take more drastic measures later.


Best practices and smart solutions for improving the financial health of your organization

Smart executives know that controlling business expenses and trimming excessive costs is key to creating an organization that is competitive, profitable, and growth-focused. This revolutionary workshop reveals how easy it
can be to identify processes, day-to-day operational activities, and financial practices that might be inadvertently draining your business dollars. We'll show you simple, practical ways you can identify and reduce over-spending, improve and streamline organizational processes, and practice cost containment strategies on a variety of levels throughout your company.

Attend 54 Ways to Cut and Control Costs, and you'll discover how to implement new cost-cutting measures, control and manage existing costs, and improve your organization's bottom line. This is essential training for anyone interested in more economical business practices. Jam-packed with tips, action steps, ideas, and techniques, this course offers timely, critical information guaranteed to conserve your organization's financial resources. You'll be absolutely amazed at how many areas you'll find in which costs can be reduced, controlled, and managed more effectively.

This course is ideal for managers, supervisors, department heads, executives, and financial officers who are interested in implementing practical, proven measures to cut and control costs.

Learn from real-world examples and best practices that have proven successful in large and small organizations nationwide. These are no-nonsense, realistic ideas, tools, and techniques that will greatly benefit your organization — both now and in the future. You will discover how to pinpoint opportunities for financial gain through more effective outsourcing, contracting, bidding, and negotiations; learn how to improve your internal systems and processes; and help your employees develop a more cost-conscious mindset. Taking a proactive stance on cost containment now will lessen the likelihood of having to take more drastic measures later.


What you will learn
:

Strategically and Operationally Sound Financial Management

  • Examine your budget from a fresh perspective, and uncover new opportunities to refine spending and cost management

  • Identify key operational deliverables, outputs, and responsibilities, and pinpoint the "real" cost requirements of each


  • Prioritize investment of resources by determining how important they are to the success of the organization in the short and long term


  • Target opportunities for reducing costs, adjusting requirements, and streamlining or refining certain processes


  • Learn to incorporate long- and short-term strategic plans into spending and budget management


  • Account for "unknown" factors when assessing, adjusting, and forecasting your spending plan

Monitored Metrics

  • Measure and regulate spending patterns by identifying budget categories and metrics to be checked regularly


  • Follow our guidelines and create a spending schedule according to your business needs and conditions


  • Discover critical action steps (both short- and long-term) to take when costs are on the rise

  • Learn to monitor people and money issues:

  • Creating a cost-conscious mindset: Ensure your people are on the same page when it comes to cost-cutting
    and control issues

  • Outsourcing: Learn to assess whether outsourcing certain tasks will save or cost you money in the long run


  • Training: Determine whether increased employee training will reduce expenses, unnecessary costs, or needless spending


  • Retention: Find out whether employee retention issues are really costing your department, and what to do if they are

  • Benefits: Offer a benefits package that adds up to financial value for your organization


Attention to Accuracy and Detail

  • Discover dozens of ways to save money simply by paying attention to "the little things"


  • Take a look at great ideas and strategies for saving money annually

  • Identify even more opportunities to cut costs by refining policies and procedures


  • Find out how to cut costs by examining your organization's equipment and capital expense practices

  • Implement cost checks and balances — installing systematic cost-cutting measures in everyday systems and staff responsibilities

  • Learn essential checks and balances to put in place for vendors, suppliers, contractors, and contracted services

  • Discover tips and techniques for gaining staff compliance — get everyone on the same page when it comes to paying attention to accuracy and detail


Regular Review and Adjustments

  • Learn what to look for when re-evaluating contracts

  • Negotiate with vendors and suppliers for maximum cost-effectiveness

  • Use research and analysis tools that will help you monitor and cut costs

  • Discover best practices to implement when dealing with vendors, suppliers, and contractors to ensure continuous service, improvements, and cost efficiencies

  • Put processes in place to ensure spending remains on target and on track


Targeted Refinements and Reinforcements

  • Create a cost-containment model at team, department, and organization levels

  • Implement an austerity program to control all unnecessary expenditures and keep your organization financially viable

  • Learn cost-containment strategies to use in emergency situations — keeping a handle on expenses when circumstances are beyond your control

  • Measure the value of cost-cutting and cost-control actions and strategies

  • Determine when cost cuts have gone too far

  • Keep costs in check once purse strings have been loosened

  • Discover how to reward and recognize cost-conscious behavior in your employees — individual, team, and company-wide

Seminar Class Time:

Seminar Check-In 8:30 AM Seminar Class 9:00 AM - 4:00 PM

Seminar Summary:

Strategies to help your business slash wasteful spending, tighten cost controls, and boost your bottom line (see full course description)

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