View PDF


Financial management
Demo | Guidelines for future training

 Unit 3: Cost Reduction

[ Keywords: cost reduction ]

Please download the PPT version to click on links and view videos.

Unit 3: Cost Reduction
  Areas of Cost Reduction
  Cost Control: Definition
  Differences between cost control and cost reduction
  Cost control is effected through budgeting & standard costing
  Techniques of cost reduction
  Activity Based Cost management (ABC):
  Just-in-time approach: (JIT):
  Total Quality Management: (TQM)
  Non-Conventional Approach
  Non-Conventional Approach (Contd)
  Non-Conventional Approach (Contd.)


•Cost reduction refers to the real and permanent reduction in the unit cost of the goods manufactured or services rendered.