bitcoin trading start up Malaysia binary options daily forecast Singapore best free trading platform us over 1 million usd South Africa are hedge funds investing in bitcoin Malaysia gemini bitcoin trading volume Malaysia bitcoin trading telegram group South Africa iq option binary trading times Singapore best binary option app singapore Malaysia the binary options market South Africa mattwhat are binary options Malaysia bitcoin trading volume turkey Malaysia experience with bitcoin trading bot Malaysia successful binary options strategy South Africa binary options is haram or halal Malaysia best binary options software reviews South Africa just invested in bitcoin Singapore wall street osais compliance bitcoin trading South Africa sierra trading platform Singapore binary options that accept paypal Singapore times of israel binary options Singapore create bitcoin trading website Singapore bitcoin investment flyer design South Africa eztrader binary options India where to trade binary options usa Singapore trading nadex binary options keeping it simple strategies Malaysia free trading platform with api connect Singapore gabriel braunstein binary options Singapore

Cost Reduction in Manufacturing

Shrinking bottom lines and declining profit margins have made it imperative for organizations to manage costs. Organizations are aggressively looking for opportunities to minimize costs without impacting the product/ service quality or market positioning. The pricing as demanded by the market forces the businesses to reduce product development and manufacturing costs to remain competitive.


After going through the Cost Reduction in Manufacturing strategy training workshop participants will understand and learn about:

  • Understand the rationale required for a cost reduction strategy.
  • Learn about how to apply core tools of lean manufacturing in their business.
  • Understand the 10 steps automation strategy.
  • Learn about the methods of implementing cost reduction measures.
  • Understand the cost reduction techniques.
  • Understand how to do the cost reduction through low-cost automation


  • Top Management                         
  • Project Manager
  • Financial Managers                   
  • Operations Managers
  • Manufacturing Managers           
  • Planning Managers
  • Product Line Managers


Cost Reduction is an alarming subject for employees as these two words make them think that they will be personally targeted. However, cost reduction is not only about laying off employees.

In this course, we will explore all the different strategies for the organization to reduce its costs starting with increasing productivity, then cutting costs everywhere in the organization.

Cost Reduction in Manufacturing Strategy training workshop will offer the following benefits:

  • Use the cost strategic control system to reduce cost.
  • Identification of cost reduction and business improvement opportunities.
  • Greater awareness and control of everyday costs.
  • Define the Costs, Cost Control / Reduction process.
  • Identify Cost Saving Opportunities for your Company.
  • Develop Strategies & Methods for the company to attain Cost Savings.
  • Minimize inventory costs by focusing on defect prevention instead of detection.


  • Introduction to CRAs : Why CRAs
  • The 5 Core Tools

   1. Lean Methods For Focused Cost Reduction
      – Waste Reduction in Material Handing – Arrow Diagram
      – Waste Reduction in Human Activity – Operation Analysis Table
      – Waste Reduction in Man-Machine Interface – SOCC
      – Lean & Waste Audit Check Sheet for Manager

   2. Low Cost & Zero Cost Automation
      – Identifying 6 Different Level of Manufacturing Activity
      – Selecting the Perfect Fit Zero Cost & Low-Cost Automation
      – Example of ZCA & LCA in Industry

   3. Line Balancing For Productivity Improvement
      – Identifying the Cost Associated with Line Balancing
      – How to Calculate the Line Balancing Ratio
      – Improving Line Balancing Ratio by “Block Shift Method”
      – Improving Line Balancing Ratio by “Elemental Activity Method”
      – Improving Line Balancing Ratio by “Independent Activity Method”
      – Increasing Mfg Flexibility with Manpower Fluctuation
      – Increasing Mfg Flexibility with Customer Order Fluctuation

4. Manpower Cost Reduction by Focused Human Skill Improvement
  – Why Man Power Cost is Always a Major Concern
  – Common Mistakes of 3T (Time, Test, Transaction) based Skill Mapping
  – How Human Skill can Directly Relate to Productivity
  – The Fact and Figure Based Skill Mapping
  – Cost Reduction by Skill Strategies
  – Skill Level Composition Strategy
  – Quick Gain Methodology
  – The Activity-Affinity Methodology
  – Skill Variance Analysis

5. Inventory Cost Reduction by Combined Analysis
  – 7 Different Types of Inventory Analysis
  – Management Insights and Objective of Inventory Analysis
  – Conducting Combined Inventory Analysis
  – Example and Case Study













Contact Us | +91 7042140046 |

Social Share Buttons and Icons powered by Ultimatelysocial
× Let's Talk !