This course provides an overview of all significant aspects and considerations of cost optimization for senior management staff.
Goals
Apply and gain an in-depth knowledge on cost optimization
Discuss costing and budgeting terminology used in business, cost optimization initiatives and cost benefit analysis
Identify mathematics of cost comparisons, depreciation, taxes, continuous interest, discounting, profitability and inflation
Estimate costs and allocate them properly as well as maximize benefits from mergers and acquisition
Identify gaps and saving opportunities and inspire change within organization
Apply cost effective with learner service levels, processes, functions and supply chains
Manage service levels and estimate implementation risks and profitability
Develop skills in negotiation planning and strategies as well as evaluate and manage performance through strategic cost management
Avoid compromise on safety and asset integrity of the plant
Apply cost optimization, cost analysis, probability, simulation, uncertainty, productivity, optimization and subsets in optimization
Illustrate linear, dynamic and geometric programming, special mathematical techniques, cost estimation and control
Employ capital investment cost optimization, operating cost estimation, project management and control, cost engineering and cost accounting
Explain compound interest, discrete compound interest, continuous compound interest and probability
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