Finance, Human Resources And Administration
Cost Consciousness in the Workplace
Focusing on the Bottom Line as an Employee
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Managing with a Cost-control Mindset
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Focusing on the Bottom Line as an Employee
Lesson Objectives
Focusing on the Bottom Line as an Employee
- recall why all employees need to contribute to the company's cost management efforts
- list general cost-saving principles for the workplace
- identify how to cut down on travel and entertainment costs
- recognize ways to save supply costs for your company
- describe approaches to streamlining vendor costs
- identify strategies for streamlining vendor costs
- recognize how employees can contribute to company savings
Overview/Description
Workplace cost consciousness is every team member's responsibility. In this course, you'll learn how employees can contribute to cost control efforts by making cost changes, including to travel, supply, and facility costs.
Workplace cost consciousness is every team member's responsibility. In this course, you'll learn how employees can contribute to cost control efforts by making cost changes, including to travel, supply, and facility costs.
Managing with a Cost-control Mindset
Lesson Objectives
Managing with a Cost-control Mindset
- recall fundamental strategies for reviewing and reducing costs
- describe tactics for getting cost-conscious input from your employees
- recognize tactics for saving the company money on personnel costs
- name strategies for reducing marketing and advertising costs
- recall tactics for working with other groups to reduce costs for everyone
- list the stages of the Lean process
- recognize strategies for effective cost management
Overview/Description
Managing costs effectively is critical to business success and can help you avoid painful cuts. In this course, you'll learn how to identify cost management opportunities, get your team involved, and use tools like cost splitting and Lean.
Managing costs effectively is critical to business success and can help you avoid painful cuts. In this course, you'll learn how to identify cost management opportunities, get your team involved, and use tools like cost splitting and Lean.
