Cost Reduction Techniques through Loss Analysis Training
Costs are often hidden within invisible losses. Grupas' Cost Reduction Techniques through Loss Analysis training aims to permanently reduce costs by making visible where, at what scale and in which process losses occur within the business. The program clarifies the distinction between value-adding activities, inherent (unavoidable) losses and waste (muda); and with a properly designed loss – cost matrix, it strengthens the company's hand against losses.
The training content covers cost terminology and classifications, an overview of costing systems, the productivity – efficiency – effectiveness trio, the impact of fixed and variable costs, the concept of loss and the general structure of losses, the loss – cost relationship and building the matrix, visual management and performance indicators, contribution margin analysis, pareto analysis and the gain meter. It is delivered in a classroom setting with interactive exercises.
Benefits for Your Company
- Permanent cost reduction as losses become measurable and visible
- Identification and elimination of non-value-adding activities (waste/muda)
- Instilling cost awareness in employees; building the habit of finding and reporting losses
- Spreading improvement across the shop floor through a suggestion and kaizen culture, with a direct contribution to management
- Monitoring efficiency, productivity and effectiveness with the right indicators
- Fast, data-driven decision making through visual management and performance indicators
- Correctly setting improvement priorities thanks to pareto and contribution margin analyses
- A clear understanding of how fixed and variable costs affect profitability
Who Is It For?
Professionals aiming to spread cost awareness in the workplace; managers and supervisors, production, quality, process improvement and finance/cost teams.
Duration: 1 Day · Capacity: Max. 15 participants · Certification: A Certificate of Attendance is awarded to all participants who successfully complete the training.
We are ready for enthusiastic collaborations… GRUPAS – people | process | technology
