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Using Fundamental Efficiency Improvements in Resource Utilization

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  Efficiency improvements are essential for businesses to thrive in today's competitive and fast-paced environment. This workshop provides a comprehensive framework to help organizations identify inefficiencies, streamline processes, and enhance resource utilization. By focusing on key drivers and adopting a systematic approach, it is possible to gain actionable insights to optimize operations and support long-term success. Conducting Process Diagnostics and Identifying Areas for Improvement Identifying key processes and resource drivers, distinguishing between essential and non-essential activities. Pinpointing backlogs and inefficiencies, and implementing tailored resource prioritization frameworks to address specific organizational needs. Forecasting resource requirements using advanced planning frameworks, such as dynamic scheduling, activity-based planning, capacity planning, and just-in-time planning. Evaluating current techno...
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Balancing Cost Management and Customer Value (Part 2)

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  Understanding and optimizing supply chain management, balancing innovation with sustainability, and effectively managing costs are crucial for businesses aiming to thrive in today's competitive and resource-constrained global market. This workshop is designed to give participants the tools necessary to achieve the balance between cost management and customer value.   Optimizing Supply Chain Management for Cost Savings and Performance   Analyzing components of the supply chain, examining each segment for efficiency and cost-effectiveness (including sourcing and strategic sourcing) Conducting analysis of value drivers in project supply chain management (including customer, cost, flexibility, time and quality) Optimizing value in projects and identifying suitable performance metrics for effective measurement and management Applying budgets in organizational context and examining potential areas for improvement through diversity in b...
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Balancing Cost Management and Customer Value (Part 1)

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  This practical workshop is aimed at helping businesses navigate financial pressures without compromising customer value, especially during economic downturns. As companies seek to reduce expenses, it's crucial to do so without diminishing service quality. This workshop offers practical strategies for efficient cost management that ensures business sustainability and customer satisfaction, focusing on innovative methods to thrive while shielding customers from rising costs.   Review of Organizational Infrastructure from the Cost Cutting perspective   -           Key areas for cost management initiatives that can be implemented by middle management:   transportation logistics, optimization of production processes, enhancement of product quality to reduce defects, and efficient inventory management. -           Conducting a review of constraints and performing a cost-be...
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Advanced Strategies in Pricing Management (Part 3)

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  In the constantly changing business environment, setting up and managing a pricing function effectively is vital for maintaining profitability and securing a competitive edge. This workshop explores the key aspects of setting up and managing an organizational pricing function, highlighting the critical roles of C-level executives and organizational champions. It offers insights into aligning pricing strategies with business objectives and discusses the transition between new and legacy pricing models, focusing on profitability and competitive advantage. Executive Impact on Pricing Overview of various ways an organizational pricing function can be set up. Impact of C-level executives on pricing through objectives, incentives, cultural changes The role of organizational champions in support of the pricing function. How to organize functional teams, specifically the pricing function in firms. Determining whether a separate function team focusing on ...
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Pricing Strategies (Small / Medium-Sized Businesses) – Part 2

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  In today’s dynamic business landscape, understanding the challenges of pricing is crucial. For business owners, it’s critical to understand what pricing strategy would work best for their enterprise. In fact, this can become a stepping stone in achieving profitability and growth. This course suggested by AllaVolodina Rate My Prof provides an overview of the complex realm of pricing for small/medium size businesses   Value-based pricing -           Discussion of various value-based pricing models and their impact on pricing rates -           Analyzing the influence of quality, delivery, innovation, customer service management on pricing strategies -           Discussion and exercise addressing the importance of quantified customer value on market share and pricing rates -           Demon...
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Pricing Strategies (International Companies) – Part 1

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  Pricing, especially in a competitive market during a downturn, can be challenging. There are many decisions to make and some of them directly relate to cost budgets and strategy. Various tools can help management navigate and address these multifaceted financial intricacies and some of them are also covered in a course suggested by Alla Volodina Rate My Prof:   International Growth – Pricing -           Two types of pricing strategies (gaining a foothold in a new market vs profitability) and how the chosen strategy impacts pricing -           Profitability focus: develop cost model and estimate guidelines, minimum requirements, rate of waste analysis, adjust for margin rate and determine price. -           Gaining Foothold focus: design the project and estimate costs (use recent similar work, market surveys, knowledge of operations;...
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Integrated Product Development (Focus on Manufacturing)

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  In the ever-evolving manufacturing environment, the effectiveness of integrated product development depends heavily on the smooth integration of design, engineering, production, and management procedures. This training session explores key concepts of integrated product development, providing new managers with required expertise and understanding necessary to contribute to the organization and its processes at an accelerated rate.   Introduction to Integrated Product Development -           Important components of the product development process (including quality, cost, schedule, functional and technical parameters and how they impact the rate of progress) -           Overview of project management principles and main stages of product development -           Understanding steps in the design process, setting project objectives, de...
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