Cost Reduction Training and Profit Improvement Training
Our training pays for itself many times over. Typical results are $100,000 to $1,000,000 in improvement projects from each participant in this results-driven training.
We deliver measurable results for clients in cost reduction and profit improvement as well as general business enhancement. Here are samples of two of our high-impact training programs. These may be conducted as stand-alone sessions or within the context of a continuous profit improvement program.
All of this training is done privately with client companies to achieve maximum near-term bottom line results. See examples at the bottom of this page.
Our cost reduction training is:
- Hands-on training with advanced techniques
- Results oriented with measurable results
- Goal driven
- Measurable impact
- Dynamic and fast paced
We employ these one and two-day cost reduction training models as assessment tools before committing to any Profit Improvement Process engagements. The feedback is vital to management and us to allow us both to make the appropriate decisions on how to proceed.
This Power Idea Session training is based on 40 years of real industrial experience blended with a Masters degree in Creativity and Innovation: an experience mix of engineer, manager, executive, scientist, sales, accounting and advanced creativity training expertise that is unique and powerful. Please contact us if you would like to energize your business.
| Program –> | One-Day Cost Reduction Training Power Idea Session | Two–Day Cost Reduction Training Power Idea Session | Master Class Training |
| Who should attend? | Executives Managers Leaders Controllers People who approve budgets | Managers Engineers Accounting personnel Supervisors Purchasing Marketing and sales People who write budgets and those who spend | Business owners Executives Managers Chief financial officers Then the rest of those who spend your resources |
| What will they learn? | How to find hidden profits How to evaluate hidden profits How to convert opportunity to action Overcoming barriers to success | Everything from the one-day plus Creating a profit project plan for each participant | The customization and installation of a Profit Improvement Process for continuous bottom line improvement in your company |
| What are the deliverables? | An understanding of profit drivers that can be changed and how to change them A prioritized and valued list of opportunities | A prioritized and valued list of opportunities A profit project for each participant with a dollar value and action plan for implementation The value of these projects will far exceed your investment in this training | A functioning Profit Improvement Process including policies, procedures, governance, tools and more to fit your exact needs A trained and functioning staff who are engaged in cost reduction and profit improvement as part of their jobs |
| What are the expected results? | Not less than $50,000 in new profit value Team understanding of what it takes to be profitable Understanding the importance of profitability | Not less than $50,000 – often 5 to 30 times that amount Honest and in-depth insights into what the participants see as opportunities and obstacles to achieving increased profitability | More than enough new profit projects generated during training to more than pay for the entire implementation |
Here are the actual results for a one-day Power Idea Session
The client is an $10,000,000 division of a global petroleum company. A single Power Idea Session was held to identify and prioritize opportunities for cost reduction and overall corporate improvement. That single day session produced the following cost reduction results.
Phenomenal success by the numbers:
- 12 attendees for 7.5 hours
- 306 ideas developed during training
- 25.5 ideas per attendee on average
- 11 priority ideas identified
- $500,000 total estimated value of 11 key ideas identified during training
- $66,666 per hour estimated value of the training before complete implementation
- Training pays when it’s done our way.
A mixed-company workshop where, In addition to learning what it takes to build a world-class cost reduction and profit improvement process, the attendees worked through the process of identifying, evaluating and processing profit improvement ideas.
Attendee success by the numbers:
- 53 total ideas average per attendee
- 6.3 priority ideas average per attendee
- $1,013,000 Average project value per attendee
- $20,000 to $4,490,000 range of project values
- Training pays when it’s done our way.
Please contact us if you would like to learn how to energize your business for long term sustainability in these challenging times.