BLS-117     Cost Reduction Techniques & Negotiation Skills Training

• Overview
• Course Objectives
• Course Content
• For Whom
• Schedule and Hours

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This Cost Reduction Techniques & Negotiation Skills Training is designed to equip professionals with practical tools to drive cost savings within their organizations. Participants will explore key cost reduction strategies, focusing on identifying and minimizing losses in areas such as materials, processes, and overhead. The program also delves into cost avoidance techniques, benchmarking against industry standards, and implementing lean production principles for more efficient operations.

Participants will learn to analyze cost drivers and inefficiencies across various areas such as materials, processes, and operations. By understanding different cost reduction tools and techniques like Lean Production and Design for Manufacturing (DFM), they will be better equipped to manage and minimize operational costs within their organizations.

By the end of the 1-day program, participants will be able to:

• Understand the fundamentals of cost reduction and cost avoidance in the Malaysian business context.
• Identify critical types of losses and apply cost management techniques.
• Implement cost control strategies using practical tools.
• Manage material costs and vendor relationships efficiently.
• Learn effective negotiation techniques to complement cost reduction initiatives.
• Apply key performance indicators to track and measure cost-saving efforts.

• Module 1: The Malaysian Scenario in Cost Reduction
  
• Module 2: Identifying Critical Losses
• Module 3: Cost Management, Control & Reduction Strategies
• Module 4: Material Management for Cost Reduction
• Module 5: Effective Negotiation Skills for Cost Control
  
• Module 6: Negotiation Role-Play
  
• Module 7: Key Performance Indicators & Moving Forward
  

Procurement and Purchasing Managers, Supply Chain and Operations Professionals, Financial Analysts and Controllers, Business Owners and Entrepreneurs, anyone involved in cost control and negotiations within their organization

This is a 1-day programme.
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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.

We are HRD Corp (Human Resource Development Corporation) Registered Training Provider.
​All of our training modules are claimable under HRD Corp.