Cost Reduction Measures: Analysis, Tools and Implementation

Analyzing Profitability at product line, product and customer level etc
Developing and modifying Product Pricing systems
Profit and Loss Forecasts
Investigating and reporting on Production Efficiencies, Work Order Variances, Scrap Analysis, Stocks and Other Key Performance Indicators
Annual Budget Preparation including labour and cost of sales budget
Providing financial analysis support to assist Decision Making in Relation to Introduction of New Products/Services, Operational and Supply Chain Activities, Contract Negotiations etc
Conducting Closing Stock Evaluation
Conducting Performance Appraisal involving various departments, processes, employees and the organization as a whole

Cost Reduction Tools: