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DESCRIPTION
For most organizations, Cost Reduction efforts don't produce meaningful or lasting results. This is because they do not take a strategic approach to Cost Reduction. This framework first clarifies the meaning, rationale, and importance of the strategic approach to Cost Reduction.
Then, we delve into the 3 pillars to developing a Sustainable Cost Reduction Program:
1. Adopt a CEO Mindset
2. Develop Institutional Capabilities
3. Create Sustainability
Organizations in every industry, including high end products, can leverage Sustainable Cost Reduction programs to gain a Competitive Advantage.
Additional topics discussed include Continuous Improvement Mindset, Leadership Actions, Competitive Advantage, among others.
This deck also includes a set of slide templates for you to use in your own business presentations.
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Source: Best Practices in Cost Reduction, Cost Management PowerPoint Slides: Pillars of Sustainable Cost Reduction PowerPoint (PPT) Presentation, LearnPPT Consulting
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OVERVIEW
ABOUT THE AUTHOR
We are a team of management consultants trained by top tier global consulting firms (including McKinsey, BCG, Deloitte, EY, Capgemini) with a collective experience of several decades. We specialize in business frameworks based on real-life consulting engagements.
We have served 100s of clients that range from Fortune 500 companies to tech startups to $1B+ private companies.
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Cost Reduction Assessment Costing Capital Structure Lean Management/Enterprise Warehouse Management Management Accounting Pricing Strategy Cost of Quality Quality Management & Assurance Growth Strategy Organizational Design M&A (Mergers & Acquisitions) Customer Experience Strategic Sourcing Consulting Frameworks Disruption Budgeting & Forecasting Scenario Planning Shareholder Value Due Diligence Value Chain Analysis Gap Analysis Consulting Training Strategy Frameworks Supply Chain Analysis
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