Cost Improvement Program

Cost Improvement

February 03, 2011  |   Posted by :  



COST IMPROVEMENT is a long-term approach to improving the fundamental use of the organizations’ resources.  As a is a continuous improvement activity, it includes cost reduction, cost savings, restructuring and business turnaround activities.  COST IMPROVEMENT looks at the entire cost ...

Financial Transparency: A Success Factor

November 03, 2010  |   Posted by :  



In order to ensure the success of a cost improvement program, it is critical that the quality of financial data being used to establish the targets and measure the successes is available, consistent and accurate. In global businesses, this can be ...

Management Commitment: A Success Factor

November 03, 2010  |   Posted by :  



Like all management initiatives at the corporate level, cost improvement requires the commitment of management.  Not just in the setting of targets and being present at the kick-off meeting, but more importantly to make it part of the business strategy, ...

What’s Your TARGET ?

October 01, 2010  |   Posted by :  



Setting business targets is an annual ritual.  We always think of sales targets, profit targets, and quality targets, but how many organizations establish annual cost improvement targets?  In terms of business factors, which can be influenced to produce higher profits ...

Low Hanging Fruit Doesn’t Help!

October 01, 2010  |   Posted by :  



Cost Improvement Targets must excite the imagination and commitment of the organization.  They should not only require the commitment of everyone, but also their participation, in order to be achieved.  Targets need to be challenging and ambitious driving towards a common ...

Tracking & Reporting Software

September 24, 2010  |   Posted by :  



Successful cost improvement programs need organizational transparency, activity tracking, early warning, success highlights, best practice sharing & on-line scorecards. Our software platform, QuantumLeap is designed especially to manage the implementation and progress of cost-improvement, restructuring and turnaround activities. Management has full and ...

Securing Financial Results

September 01, 2010  |   Posted by :  



As we come towards the last quarter of the year, many managers are thinking about achieving the year-end results or even putting the final touches to next years budget.  For many it is a challenge to achieve the targets set ...

Budgeting is not enough!

July 27, 2010  |   Posted by :  



One of the most time consuming processes in the industrial organization is probably the budgeting process.  Some organizations do simple budgeting by taking last years expenditures and adding or subtracting deltas according to factors such as sales, inflation, and required ...

Cost Improvement versus Cost Reduction

July 19, 2010  |   Posted by :  



Most of us do not differentiate between COST REDUCTION and COST IMPROVEMENT.  These are two commonly interchangeable terms. But they are completely different activities. COST REDUCTION is an activity driven by a change in the business environment. Often initiated by management ...

Turbo-charge your Cost Reduction Manager

June 18, 2010  |   Posted by :  



In the current economic climate many companies or organizations have taken the progressive step of installing a cost reduction tsar, whose task is to take a hard look at the organization’s cost base and identify / implement measures to achieve ...

My title page contents