MANAGING BUSINESS COSTS AND WASTAGE

  • A business organisation incurs various expenditure to serve its customers and generate revenue. Over time, operating expenses build up while revenue generation suffers from intensified competition. Poor management of then leaves a company vulnerable to economic shocks and increasing competition.
  • This programme is about building a cost sensitive culture among managers across the organisation by understanding wastage and productivity efforts. In an environment of falling revenue, rising competition and general uncertainty, cost control measures are proper and timely while maintaining operational effectiveness.
  • Here the programme introduces cost control concepts, identify wastage at work and provides a framework for cost saving measures across the organisation to be implemented by company managers.