INTRODUCTION
Uncertainties in the global economy are making revenue maintenance increasingly difficult. In a competitive market with virtually no price advantage, the only way to succeed and survive is by managing your costs. However cost management brings with it a trap wherein the finance and business managers fail to identify the costs that can be controlled without harming the bottom line.
This course will take you through a journey of developing an in-depth understanding of the components and behaviour of cost leading to introduction of contemporary tools of deciding on achievable cost reduction targets. The quickest and surest way to improve cash flow and profitability is to effectively reduce costs.