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Become a Successful Business Improvement Specialist

Learn How to Reduce Your Business Costs

Course Duration

Approx. 11 Hours 58 Minutes

Course Price

$ 1.00

Lectures

113

Key Concepts Covered in this Course

Course instructor

Robert Chapman

Business Improvement Specialist

As a Business Improvement professional, I’ve gained extensive expertise in Project ManagementLean Six Sigma, and Process Improvement. My accomplishments include delivering projects that saved organizations significant resources, streamlined processes, improved user experiences, and reduced errors and waste. Additionally, I hold a Lean Six Sigma Black Belt certification.

Course Summary

Business Cost Reduction Course: Learn How to Reduce Business Costs

With this comprehensive and practical course. You will discover various cost-saving strategies and tools that you can apply to your organization. You will also see real-life examples and case studies of how other businesses have successfully reduced their costs. Enroll today and start saving money for your organization.

5/5

Course Reviews

The content is well-structured, providing a step-by-step guide on various aspects of cost reduction, making it applicable to businesses of all sizes.

David Beck

Course Overview: Learn How to Reduce Your Business Costs

Course Description

Learn How to Reduce Your Business Costs: A Practical Guide

Business costs are constantly increasing, affecting businesses of all sizes and industries. How can you find ways to save money and improve your bottom line? This course will show you how to identify and target the key areas of your P&L statements that can be optimized for cost reduction. You will learn about various options for cutting costs in your compensation, equipment, 3rd parties, marketing, expenses, and systems. You will also see how to apply these options in practice, with real examples and evidence.

This course will equip you with tools, techniques, and downloadable resources that you can use to plan and implement your cost reduction strategy, according to your specific needs and goals. This course is not about telling you what to do, but giving you the power to choose what is best for you, from the wide range of options available.

This course will cover different types of business expenses, and the considerations you need to take into account when reducing them (such as risk, communication, timelines, etc.). This course will also feature examples, demonstrations, and case studies to make the content easy to understand and apply. If you want to learn how to reduce your business costs effectively and efficiently, this is the course for you.

Course Breakdown

  • Introduction (Preview)
  • What is the purpose of this course? (Preview)
  • How the course will run.
  • Scenario
  • Prework questions
  • Review your profit & loss statement
  • Conduct your first analysis
  • Make a plan
  • Review of the findings – compensation
  • Review all vacancies
  • Freeze vacancies
  • Cancel vacancies
  • Review vacancies – example
  • Review all job roles
  • Review all roles – template example
  • Review all job roles – conclusion
  • Review all job roles – example
  • FTE calculations
  • FTE calculations – FTE calculator
  • FTE calculations – analysis
  • FTE calculations – recommendations
  • FTE calculations – benefits and drawbacks
  • Offshoring
  • Offshoring – how to do it
  • Offshoring – considerations
  • Offshoring – example
  • Automation
  • Automation: Considerations
  • Automation – case study
  • Restructuring
  • Restructuring – example
  • Junior employee opportunities
  • Junior employee opportunities – examples
  • Reduce use of contractors
  • Reduce use of contractors – example
  • Overtime – set the scene
  • Overtime – the investigation
  • Overtime – conclusions
  • Overtime – delivery of change
  • Overtime – outcome
  • Performance related pay
  • Additional – pay rise cut, freeze or delay
  • Additional – bonus cut, freeze or delay
  • Change bonus eligibility
  • Additional – performance related to goals
  • Additional – eliminate coordinator type roles
  • Final comments
  • Review of the findings – expenses
  • Meet remotely
  • Meet remotely – Culture and benefits
  • Change policies
  • Change policies – list of policies
  • Change policies – benefits and drawbacks
  • Change training approach
  • Additional options
  • Final comments
  • Review of the findings – office
  • Go completely remote
  • Go completely remote – considerations
  • Adopt hybrid approach
  • Adopt hybrid approach – costings
  • Reform facilities management approach
  • Reform facilities management approach – approach to take
  • Reform supplies approach
  • Final comments
  • Review of the findings – systems and subscriptions
  • Find alternative providers
  • Find alternative providers – How
  • Find alternative providers – what
  • Find alternative providers – the results
  • Merge systems
  • Final comments
  • Review of the findings – Marketing and advertising
  • Review performance
  • Review performance of sales & social media
  • Review performance – benefits and drawbacks
  • Review set up
  • Review set up – 4 types
  • Review set up – benefits and drawbacks
  • Final comments
  • Review of the findings – 3rd parties
  • Change contract approach
  • Change contract approach – requirements
  • CCA – Standard fixed term
  • CCC – Alternative flexible term
  • CCA – Standard plus
  • CCA – Reward
  • Change provider
  • Change provider – the results
  • Final comments
  • Review of the findings – equipment
  • Explore what we did
  • Ask procurement team to reduce costs
  • Change damage and loss policies
  • Explore outsourcing of maintenance
  • Final comments
  • Risk
  • Communication
  • Timeframe
  • Resourcing
  • Need to invest
  • Need to invest part 2
  • Need to invest part 3
  • ROI
  • Market trends
  • Long term planning
  • Process improvement part 1
  • Process improvement part 2
  • Time for YOUR plan
  • Feedback and final thoughts
  • Review key learnings
  • Thank you

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What some of our 200,000+ students have to say

“This is a good course for those who have no to very basic background on process improvement. The content is just right, not too overwhelming for me. The topics are discussed properly. I appreciate the examples given which make each topic easier to understand.”
Beverly
From Dallas, USA
“In my position, everyone suddenly want this kind of RCA, but no one really knew how to do it. It was simple but I felt I was doing it wrong. This course broke it down to the simple steps it is supposed to be to complete. Easy to follow and great examples.”
Athena
From Norway
“This course adds a lot more insight to the tool than you get from a simple template. I now know how to sell usage of the tool across my business - something I have really struggled with.”
Darby
From Sweden
“I learned a lot and will apply what I've learned in my work. Thank you, Robert. A detailed explanation and your quick responses to questions in message section , demonstrate that you are a professional in your sector! Thanks.”
Jami
From Abu Dhabi
“Great course. The pacing, content, and delivery is great. You could tell that great care and expertise was put into delivering the course. Thank you!”
Christopher
From Australia
“Truly brilliant. A great flow, a really knowledgeable instructor and great resources. I have had some trouble understanding the delivery of Lean, purpose and method - now I feel so much more confident. Thank you Robert.”
Benjamin
From London, UK
“An absolutely amazing course. It has a clear structure and as the slides are present I do not have to make notes. Also - all of the important definitions are being accompanied by demonstrations in practice of the tool by which I could understand the true meaning of them. The way the course is presented is nice to follow, language is impeccable and the speed is not to fast. Usually in other courses from Udemy I can see a definition of a problem directly followed by example with a lot of fluff, but those extra unneeded false interactions with learners make the course only longer and makes me usually loose my focus. In this course I did not experience it at all. It was to the point and I have actually learned something that I can directly use in my work. Thank you! PS I will for sure follow the other courses of the instructor!”
Magdalena
From Greece

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