2 days’ workshop
Workshop Overview:
In order to be an effective, reduce cost, you need to have the business analytical skills. In this seminar, you will learn to formulate cost reduction strategies and position your organization to negotiate from strength. Business Analytical skills will enable to reduce procurement, labour & overhead cost. This seminar will equip you with THIS SKILL SETS under the guidance of Dr. Steven Liew.
Course Objectives
Assessing the Economic Viability of Business
Planning for Business Success
Impact of investment decision on your Financial statements (income statements, cash flow, balance sheet & statement of equity)
Linking financial ratios to swot analysis for strategic decision making process via problem solving framework
Using excel tools for investment decision making
Consider the basis for deciding whether to proceed or reject the project proposal
Managing Materials, Labour & overheads Costs
Strategies on Turnaround the Company
Strategies to Improve Debt Collection & Cash Flow
Formulating the Cost Reduction Strategies for Your Organization Costs
Methodology
Case Study, Group Discussion & Video.
Business Managers, Marketing Managers, Supervisors, and Managers, Senior Executives & executives
Who Should Attend
Special Feature: NOTE: Please bring laptop along
Course outline
Day 1
Module 1: Assessing the Economic Viability of Business
Overview
Feasibility Studies
Calculation of Return on Investment (ROI)
Module 2: Statement of Cash Flows
Importance of cash flows
Financing cash flow deficiencies
Impacts on cash flow from
Signs of liquidity problems
Exercise
Module 3: Analysis of Financial Statements
Trend Analysis
Common Size Analysis
Profitability Ratios
Efficiency Ratios
Liquidity Ratios
Gearing Ratios
Module 4: Capital Investment
Importance of investment decision making
Forecasting Relevant Project Cash Flows
Project evaluation Techniques – Payback, NPV, IRR
Excel applications – using the payback, NPV and IRR functions
Accepting or Rejecting Projects
Day2
Module 5: Cost Reduction Success Story
How to target saving for your organization
Module 6: Managing Material Costs
Procurement
Inventory
Design errors
Technical errors
Reject output
Module 7: Managing Labor Costs
Inefficient Work Processes
Absenteeism
Staff quality
Manpower management
Staff turnover
Complex process
Nodule 8: Managing Overhead Costs
Assets Management
Customers
Financial resources
Human resources
Expenditures