IMCHK Webinar: A Pragmatic Cost Reduction Approach to Turn Cost into Profit

14 May 2022 Saturday 10:30 am - 12:00 noon (via Zoom)

As there are basic costs involved in a cost reduction project, carefully focusing on the unreasonable high cost areas and planning the project scope is critical, and can avoid project loss! A rule of thumb would be: picking 20% off the items that constitute 80% of the total cost, to study, which is also known as the 20/80 rule.

Contents:

(1) How to organise and get started the cost reduction initiatives, (2) Where to focus the reduction efforts, (3) Examples of cost category review to bring meaningful results, (4) How policy review can reduce cost, (5) How to make cost reduction happened

Speaker: Mr. Richard Wong