Cost Reduction Strategies: Best Practices | 4152585A - Cancelled

Instructors

Date :
November 13, 2015 8:30 AM - 4:30 PM
Location :
Los Angeles Airport
Facility :
Westin Los Angeles Airport
Get Directions
Level of Difficulty :
Intermediate
Member Price :
275.00
Nonmember Price :
375.00
CPE Credits :
CPE 8.00, AA 8.00
Show tabs

Today's business environment is more competitive than it was a few decades ago. The pace of innovation is accelerating and customers expect ever-higher standards of performance. While these changes have generally benefited the consumer by providing greater choice, lower prices and more convenience, they also pose enormous challenges to many businesses.

This course will present a new approach to cost reduction based on proven methodologies and will highlight the limitations of traditional bottom-line thinking. You will be guided step-by-step through key areas, such as resource planning, process design, product design and overall system design. Additionally, you will learn how suppliers and customers can be part of the overall strategy to reduce costs.

Objectives:

  • Determine the difference between bottom-line and customer-driven approaches to cost management.
  • Recognize the critical link between operational design and financial performance.
  • Identify how to combine the proven benefits of the JIT and ABC approaches to cost reduction.
  • Recall how to achieve results through improved productivity, cycle-time control, quality control and process value analysis.
  • Recognize the importance of eliminating idle resource capacity costs and nonvalue-added activity costs.

 

Major Subjects:

  • Pitfalls of cost management
  • Attributes shared by world-class competitors
  • Evolution in cost management
  • Driving out costs
  • JIT vs. ABC approaches
  • Developing long-term cost strategy
  • Incorporating suppliers and customers in cost strategy
  • Comprehensive cost checklist

 

Advanced Prep:

None

Misc. Information:

Pay the lowest price and save up to 60% with the CalCPA Education Foundation’s discount programs.

To ensure that all credit is properly recorded, please review your information and update your CPA, CFP, CTEC or Bar license number(s).

Level of Difficulty:
Intermediate
Field of Interest:
Accounting
Prerequisites:

Some knowledge of activity-based costing helpful.

Designed For:

CFOs, controllers, financial analysts and accountants who want to add value to their organizations.

Instructors

Dennis Geyer
Dennis Geyer is an internationally recognized expert in strategic cost analysis, activity-based management and multi-driver cost modeling. His consulting practice specializes in designing cost and performance measurement systems, developing cost reduction strategies and conducting strategic pricing and business process analysis. By linking business process analysis with finance, Geyer helps clients identify opportunities to increase financial performance through improved operational design. Geyer has provided strategic advisory and business systems design services to numerous clients in a wide variety of industries including banking, healthcare, manufacturing, technology, telecommunications and transportation. Former clients include Bechtel, DHL, Pacific Bell (AT&T), Wells Fargo Bank and Xerox. A sought-after speaker and educator, Geyer teaches at the University of California, Berkeley, Haas School of Business and travels extensively, conducting public and customized seminars primarily to executive audiences in the U.S., Latin America and Southeast Asia.

Materials:

  • Materials - ebook
  • Materials - Hardcopy Textbook