Newly Released Business Courses     Finance and Accounting Curriculum     Cost Consciousness in the Workplace

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Managing costs effectively is critical to the financial success of a business and can help you avoid painful cuts. Cost control is a team effort that requires careful cost management. In this course, you’ll learn how to identify cost management opportunities, get your team involved in cost-control efforts, and use tools like cost splitting and Lean.

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Objectives

Managing Costs recall fundamental strategies for reviewing and reducing costs describe tactics for getting cost-conscious input from your employees recognize tactics for saving the company money on personnel costs name strategies for reducing marketing and advertising costs recall tactics for working with other groups to reduce costs for everyone list the stages of the Lean process recognize strategies for effective cost management