Business Cost Control & Cost Savings
The global business continues to face uncertainties from the impact of trade wars to COVID-19 pandemic to geopolitical conflicts and the massive increase in financial sanctions across the world. This will undoubtedly affect many export and emerging companies as revenues may stagnate while costs of operations rise because of a shortage of materials and fuel costs. Businesses are constantly reviewing their cost structures and business prospects. Efforts are being intensified for cost savings and seeking new revenues. Managers and their executives will also need to help their employers look for opportunities to save costs if possible new revenues. This program on business costing and savings activities empowers these employees so that they can help their organizations beyond daily work duties. Among the crucial aspects to be learned is identifying opportunities for cost improvement, and the actions that can be taken to capitalize on such opportunities.