Cost Reduction Measures

Cost Reduction Measures: Analysis, T ools and Implementation

  • Analyzing Profitability at product line, product¬† and customer level etc
  • Developing and modifying Product Pricing systems
  • Profit and Loss Forecasts
  • Investigating and reporting on Production Efficiencies, Work Order Variances, Scrap Analysis, Stocks and Other Key Performance Indicators
  • Annual Budget Preparation including labour and cost of sales budget
  • Providing financial analysis support to assist Decision Making in Relation to Introduction of New Products/Services, Operational and Supply Chain Activities, Contract Negotiations etc
  • Conducting Closing Stock Evaluation
  • Conducting Performance Appraisal involving various departments, processes, employees and the organization as a whole

Cost Reduction Tools:

  • 5 S system implementation
  • 7 QC Tools
  • Lean Management Systems
  • Time and Motion Studies