BLS-115 Effective Cost Reduction Techniques
This course provides a comprehensive exploration of cost reduction and avoidance strategies tailored to the Malaysian business environment. Participants will begin by understanding the fundamental concepts of cost reduction and cost avoidance, contextualized within Malaysia's business climate. They will examine the challenges faced by Malaysian companies, drawing comparisons with production cost structures in the US and Japan to gain insights into global best practices.
The course then dives into identifying and mitigating various types of losses that affect businesses, including those related to the 4Ms (Man, Machine, Materials, and Process Methods), administrative and management inefficiencies, layout issues, and quality shortcomings.
Strategies for cost control and reduction will be explored in-depth, focusing on practical applications of tools such as Design for Manufacturing (DFM), Lean Production principles, and methods for reducing overhead costs, optimizing headcounts, and managing energy expenditures. Material management strategies, including vendor selection, cost monitoring, and decisions between outsourcing and in-house production, will also be covered.
The course then dives into identifying and mitigating various types of losses that affect businesses, including those related to the 4Ms (Man, Machine, Materials, and Process Methods), administrative and management inefficiencies, layout issues, and quality shortcomings.
Strategies for cost control and reduction will be explored in-depth, focusing on practical applications of tools such as Design for Manufacturing (DFM), Lean Production principles, and methods for reducing overhead costs, optimizing headcounts, and managing energy expenditures. Material management strategies, including vendor selection, cost monitoring, and decisions between outsourcing and in-house production, will also be covered.
On completion of this course, each delegate will be able to:
- Create manufacturing cost reductions and improve margins by increasing operation effectiveness
- Engineering and technical improvements to enhance machinery efficiency
- Energy conservation
- Relook production flow and set up
- Adopt a total paradigm shift in working culture among employees to meet upcoming challenges
- Module 1: The Malaysian Scenario
- Module 2: Types of Losses
- Module 3: Cost Management and Analysis
- Module 4: Cost Control Strategies and Reductions
- Module 5: Material Management
- Module 6: Key Performance Indicators & Summary
Production Managers, Executives and Engineers. It is also suitable for supporting teams from the Procurement, Quality and Human Resource departments.
This is a 2-days programme.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
This course runs from 9:00am – 5:00pm with an hour for lunch and periodic short breaks.
This is an intensive session designed to include as much discussion as possible. Lunch and breaks provide an opportunity for further questioning and discussion with the instructors.
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