Overview
Cost optimization is an essential tool for business growth. This tool helps to increase business value by controlling costs rather than cutting them. Through this course, we will understand 16 vital factors that drive sales and ensure profitability in business.
Course outline
- 01Cost Optimization and Cost Reduction – A Comparison
- 02Measure, Monitor, and Improve Culture (MMI Culture)
- 03How to Track the Efficiency of Business?
- 04Role of Digitalisation in Cost Optimization
- 05How to Develop a Cost-conscious Culture
- 06Elimination of Unutilized Resources
- 07Make use of Underutilized Resources
- 08Facilitating Resource Reallocation
- 09Healthy Negotiation for Mutual Benefit
- 10Significance of Outsourcing in Business
- 11Non-Profitable Products, Divisions, and Branches
- 12Hiring Freelancers on Short-term Basis
- 13Foster Remote Selling
- 14Do Well Out of Purchase Management
- 15Bundle Offers to Optimize Sales
- 16Why Should You Work out a Budget?
- 17Importance of Retaining Existing Customers
- 18Conclusion
Meet the teachers
Madhu Bhaskaran
Mr. Madhu Bhaskaran is a renowned Business Trainer and Strategist, with 30 years' experience in Training and Coaching. His training has created spark in more than one lakh people. More than 1000 business organisations have benefited by his learning interventions. He has authored 3 best sellers in Malayalam. His videos are watched by more than 7 crore viewers all over the world.
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