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Improving Productivity through Quality and Cost Reduction

Program Objectives:

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

  • Identify ways and means to improve organizational and/or departmental productivity in order to increase profits and/or decrease/eliminate costs or losses.
  • Apply several cost reduction strategies in order to meet changing global, statutory and market conditions.
  • Discover the business processes that need re-evaluating and/or re-engineering.
  • Recognize and apply quality improvement techniques in order to improve productivity.
  • This Program is designed for:

    Managers, supervisors and all those who are responsible for, or indirectly involved in, a cost or profit center or a quality improvement function.

    Program Outline:

    Introduction to Productivity Cost Reduction Opportunities
  • Definitions
  • Process Based View
  • Limitations
  • The MUDA Factor
  • Cost of Poor Quality
  • Quality Defined
  • Customer Focus
  • Streamlining the Organization
  • Savings in Material Costs
  • Avoiding Under-Utilized Capital Assets
  • Reducing the Costs of Services
  • 140 Ideas to Cut Costs
  • Principles of Cost Reduction Performance Measurement
  • Avoiding Wastage and Adding Value to the
    Customer (Cost Reduction Strategies)
  • Cornerstones of Quality
  • Setting Up a Cost Reduction Program
  • Barriers to Cost Reduction Programs
  • The Resistance Psychology in Humans
  • The Role of Suggestion Schemes
  • Key Performance Indicators and Targets for
    Cost Reduction
  • Benchmarking
  • The Balanced Scorecard
  • Tools and Methodologies
  • Tool Selection
  • Brainstorming
  • Pareto
  • How-How Method and Why-Why Method
  • Ishikawa Fish-Bone Diagram
  • Six Sigma
  • Lean Principles
  • Non-Value Added Analysis
  • Re-Engineering
  • Pre-requisites

    Duration : 4 days

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