Training package In Innovative strategies to reduce costs – Material Drive


Cache's Guide

Trainee's Guide







The issue of cost reduction often raises the concern of employees, who, when mentioned, tend to believe they are targeted. This course explores the different strategies that organizations take to reduce costs. The principle of cost reduction is not only to eliminate staff services but primarily to increase productivity before reducing costs in various institutional aspects. In these aspects, the course explores “innovative cost reduction strategies” Institutions through which to save unnecessary costs. The course also covers the concept of the time value of money and the difference between cash and income. These two topics are very important for managers and employees who do not have an accounting background.

What Will I Learn?

  • Determine the impact of costs on cash and basic income due
  • Analyze human resources costs and find ways to reduce them before leaving staff
  • Conducting research and consulting on cost reduction opportunities in different departments
  • Proposing and applying cost reduction strategies and techniques within different fields and industries
  • Find new ways of doing business that may save hidden costs


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