Managing with a Cost-control Mindset

Managing with a Cost-control Mindset

Overview/Description
Target Audience
Prerequisites
Expected Duration
Lesson Objectives
Course Number
Expertise Level

Overview/Description
Managing costs effectively is critical to the financial success of a business and can help you avoid painful cuts. Cost control is a team effort that requires careful cost management. In this course, you’ll learn how to identify cost management opportunities, get your team involved in cost-control efforts, and use tools like cost splitting and Lean.

Target Audience
Employees and managers who want to contribute to managing organizational costs

Prerequisites
None

Expected Duration (hours)
0.5

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

Course Number:
afn_01_a02_bs_enus

Expertise Level
Intermediate