Cost Reduction for Managers & Management Consultants
A practical guide on how to cut costs in business & private life. Learn how efficiently to conduct cost-cutting projects
Lo que serás capaz de hacer
What is the aim of this course? Every company has to control costs in order to survive and prosper. Therefore, many firms on a regular basis perform cost reduction projects. Cost reduction projects may be part of a wider Performance Improvement Project or be a standalone project carried out only in one of the business units. Those projects are extremely interesting because you will be able to make a real change, create a new reality, and improve part of the business or even the whole business. They are also very difficult as you have to not only analyze areas but also find ways to cut costs, improve the current situation, as well as, on some occasions, implement the change. The skills that you will learn during this sort of project will also be very useful once you move to work for regular businesses or set up your own firm. In this course, I will show you how to deliver such projects fast and efficiently. In the course, you will learn the following things: How to identify potential savings, especially quick wins How to optimize processes How to analyze investments How to carry out a make-or-buy analysis How to spend less This course is based on my 15 years of experience as a consultant in top consulting firms and as a Board Member responsible for strategy, performance improvement, and turn-arounds in the biggest firms from the Retail, FMCG, SMG, B2B, and services sectors that I worked for. I have carried out or supervised over 90 different performance improvement projects in different industries that generated a total of 2 billion in additional EBITDA. On the basis of what you will find in this course, I have trained in person over 100 consultants, business analysts, and managers who are now Partners in PE and VC funds, Investment Directors and Business Analysts in PE and VC, Operational Directors, COO, CRO, CEO, Directors in Consulting Companies, Board Members, etc. On top of that, my courses on Udemy were already taken by more than 315 000 students, including people working in EY, McKinsey, Walmart, Booz Allen Hamilton, Adidas, Naspers, Alvarez & Marsal, PwC, Dell, Walgreens, Orange, and many others. I teach through case studies, so you will have a lot of lectures showing examples of analyses and tools that we use. To every lecture, you will find attached (in additional resources) the Excel files, as well as additional presentations, and materials shown in the lectures, so as a part of this course, you will also get a library of ready-made analyses that can, with certain modifications, be applied by you or your team in your work. Why have I decided to create this course? As a manager, quite often you will have to find ways to spend less and reduce costs. This is not an easy task, as you will have to increase efficiency and quality at the same time. Luckily, there are a lot of techniques that will help you, in a structured way, look for savings that will help you improve the profits of your business. In this course, I will teach you how to find potential savings, estimate them in Excel, and make sure that they don’t impact quality or efficiency. We will use the management consulting tools, techniques, and frameworks from top management consulting firms. This course will help you become an expert in the field of cost-cutting and cost reduction, which will be extremely useful not only in consulting but also later on when you become a director or you move on to build your own business. By giving you exposure to real-life cases and analyses, I want to improve your skills in analyzing the right things fast and implementing the improvements that you have identified. Thanks to this course, you will know what and how to do during cost-cutting projects to deliver high-quality products ahead of deadlines. To sum it up, the course will help you become an expert in cost reduction and cost-cutting at the level of McKinsey, BCG, Bain, PwC, Deloitte, EY, and other top consulting firms. That is why I highly recommend this course to Managers, Management Consultants, as well as Investment Directors working for PE, Directors, and owners/founders of businesses that need to improve their profitability and prepare for scaling. In what way will you benefit from this course? The course is a practical, step-by-step guide loaded with tons of analyses, tricks, and hints that will significantly improve the speed with which you understand and analyze the business being considered for acquisition. There is little theory – mainly examples, a lot of tips from my own experience, as well as other notable examples worth mentioning. Our intention is that, thanks to the course, you will learn: How to identify potential savings, especially quick wins How to optimize processes How to analyze investments How to carry outa make-or-buy analysis How to spend less You can also ask me any questions either through the discussion field or by messaging me directly. How is the course organized? The course is divided into the following sections: Introduction. We begin with a little intro to the course, as well as some general info on how the course is organized Cost reduction frameworks. In the second section, I will show you the main frameworks that will help you with cost reduction. We will have a look at the general framework. I will also show you the adjustments for FMCG and retail. Frameworks are great because they help you see the big picture. They also provide you with guidance on what to do to achieve your goals Quick wins. In this section, I will show you how to identify the so-called quick wins – in other words, big savings that you can easily achieve and implement. We will start with 2 general frameworks (80/20 and low-hanging fruits), and I will show you how we can apply them to find the projects that will generate big savings. Process optimization in practice – Retail chain example. In the 4th section, I show you how to reduce the cost of the process in practice. For that, I will use an example of processes in a store. You will see how you should calculate the cost of the processes and what techniques you should apply to optimize processes and achieve cost reduction and savings. Make-or-buy analysis. In the 5th section, we will discuss the Make-or-buy analysis. You will be carrying them out after you have implemented the quick wins. They will help you find ways to further reduce costs. Make-or-buy analysis is an extremely important tool that will help you decide in a rational way what you should do in-house and what to buy Investment analyses. A lot of money can be saved by a proper investment policy. In this section, I will show you how to analyze in practice investments aiming at reducing costs Reduce usage. In this section, I will show you how you can cut costs by reducing the usage of certain things that your firm is using Spend less. In the last section, I will show you how to reduce your own private spending and expenditures. These examples will help you understand and implement the general approach to cost-cutting. It will also help you reduce your own personal wealth You will also be able to download many additional resources Useful frameworks and techniques List of resources useful during performance improvement projects Selected analyses shown in the course Links to additional presentations, articles, and movies Links to books worth reading At the end of my course, students will be able to… How to Conduct Cost Reduction Projects Apply the right frameworks and techniques from your management consulting toolbox Identify quick wins when it comes to savings Analyze investments in Excel Conduct a make-or-buy analysis in practice Analyze in Excel potential improvements in Retail, and FMCG on the level of McKinsey, BCG, and Bain Manage efficiently a consulting project devoted to performance improvement Find ways to cut the cost of the business you manage Who should take this course? Who should not? Managers who want to increase the profitability of their business Managers who want to reduce costs Owners of small and mid-sized businesses Management Consultants and Business Analysts Investment Directors Financial Controllers What will students need to know or do before starting this course? Basic or intermediate Excel Basic knowledge of economics or finance
- How to conduct Cost Reduction Projects
- Identify quick wins when it comes to savings, cost cutting
- Apply the right frameworks and techniques from your management consulting toolbox
- Analyze investments in Excel
- Conduct make-or-buy analysis in practice
- Analyze in Excel potential improvements in Retail, FMCG on the level of McKinsey, BCG, Bain
Temario
UNIDAD 1 - Introduction · 6 leccionesUNIDAD 1 - Introduction
UNIDAD 1 - Introduction
- What the course will be about
- A little bit about me
- How this course will be organized?
- How to deal with Blurry image
- How to reach additional resources
- How to find information and ask questions
UNIDAD 2 - Cost reduction frameworks · 9 leccionesUNIDAD 2 - Cost reduction frameworks
UNIDAD 2 - Cost reduction frameworks
- Cost reduction frameworks – Introduction
- Cost reduction framework
- Increasing margins framework – Retail & B2C Services
- How to increase the profitability for cosmetics producer – Problem
- How to increase the profitability for cosmetics producer – Sales Increase
- How to increase the profitability for cosmetics producer – Cost Reduction
- How to increase the profitability of a retail chain – Problem
- How to increase the profitability of a retail chain – Solution – Sales Increase
- How to increase the profitability of a retail chain – Solution – Cost Reduction
UNIDAD 3 - Quick wins · 10 leccionesUNIDAD 3 - Quick wins
UNIDAD 3 - Quick wins
- Quick wins – Introduction
- 80/20 - productivity hacks
- Low hanging fruits
- Quick wins for cost reduction
- Quick wins for cost reduction – Remarks on Pontetial Savings
- Quick wins in Drugstore – Case Introduction
- Quick wins in Drugstore – Cost Structure
- Quick wins in Drugstore – Cost Reduction
- Quick wins in Drugstore – Summary
- How to estimate the potential reduction in costs
UNIDAD 4 - Process optimization in practice – Retail chain example · 26 leccionesUNIDAD 4 - Process optimization in practice – Retail chain example
UNIDAD 4 - Process optimization in practice – Retail chain example
- Process optimization in practice – Introduction
- Introduction to in-store process optimization case
- Workshop - Introduction
- Workshop – the scope of the project
- Workshop – Tools overview
- Lean manufacturing - introduction
- Theory of constraints - introduction
- Queing problem - Introduction
- OEE introduction
- Workshop – defining metrics and cost drivers
- Workshop – optimizing 1 process
- Workshop – optimizing 1 process - Excel file
- Workshop – timeline of the project
- The store and the processes
- Price Change
- Price Change - calculation in Excel
- Shelf replenishment
- Shelf replenishment - calculation in Excel
- Advising customers - Introduction
- Advising customers - General solution
- Advising customers - Details and results
- Advising customers - Calculation in Excel
- Cash till and info point
- Other potential improvements
- Process cost estimation by groups
- Summary of all costs and savings
UNIDAD 5 - Make-or-buy analysis · 14 leccionesUNIDAD 5 - Make-or-buy analysis
UNIDAD 5 - Make-or-buy analysis
- Make–or–buy analysis – Introduction
- Total cost of ownership
- Car vs Uber – Introduction
- Car vs Uber – Cost of own car Basic
- Car vs Uber – Uber
- Car vs Uber – Comparison of costs
- Make–or–buy courses – Case Introduction
- Make–or–buy courses – Make Option
- Make–or–buy courses – Buy Option
- Make–or–buy courses – Compariosn
- Make it or buy it – When to make even if it is more expensive
- Delegating some work to others – Case Introduction
- Delegating some work to others – Analysis of activities
- Delegating some work to others – Summary
UNIDAD 6 - Investment analyses · 25 leccionesUNIDAD 6 - Investment analyses
UNIDAD 6 - Investment analyses
- Investment analysis – Introduction
- Cost reduction Investment – Retail – Introduction
- Cost reduction Investment – Retail – Current Costs
- Cost reduction Investment – Retail – Future Costs
- Cost reduction Investment – Retail – NPV
- Cost reduction Investment – Retail – Solution in Power Point
- Cost reduction Investment – Ceramic Tiles – Introduction
- Cost reduction Investment – Ceramic Tiles – Current Costs
- Cost reduction Investment – Ceramic Tiles – Future Costs
- Cost reduction Investment – Ceramic Tiles – NPV
- Cost reduction Investment – Ceramic Tiles – Solution in Power Point
- Analyzing the profitability of sales channels - introduction
- Analyzing the profitability of sales channels -example of audit services
- Analyzing the profitability of sales channels -example of selling small services
- How to motivate not yours sales reps – Case Introduction
- How to motivate not yours sales reps – Trainings
- How to motivate not yours sales reps – Contests
- How to motivate not yours sales reps – Incentive trips
- How to motivate not yours sales reps – Loyalty program
- How to motivate not yours sales reps – Summary and Comparison in Excel
- How to motivate not yours sales reps – Solution in Power Point
- Sell non–core assets – Introduction
- Sell non–core assets – Cosmetics – Introduction
- Sell non–core assets – Cosmetics – Solution for the Hotel
- Sell non–core assets – Cosmetics – Solution for the Kindergarten
UNIDAD 7 - Reduce usage · 15 leccionesUNIDAD 7 - Reduce usage
UNIDAD 7 - Reduce usage
- Reduce usage – Introduction
- Eliminate fully certain expenses – Consulting Firm – Case Introduction
- Eliminate fully certain expenses – Consulting Firm – Available Data
- Eliminate fully certain expenses – Consulting Firm – Solution
- Use less – Cosmetics Producer – Case Introduction
- Use less – Cosmetics Producer – Available Data
- Use less – Cosmetics Producer – Solution in Excel
- Use cheaper substiute – Drugstore chain – Case Introduction
- Use cheaper substiute – Drugstore chain – Available Data
- Use cheaper substiute – Drugstore chain – HQ Analyses
- Use cheaper substiute – Drugstore chain – Boxes & Summary
- Waste analysis
- Decrease waste – Case Introduction – Plywood
- Decrease waste – Data Available
- Decrease waste – Case Study – Solution
UNIDAD 8 - Spend less · 81 leccionesUNIDAD 8 - Spend less
UNIDAD 8 - Spend less
- Cost Reduction in Private Life
- Spend less – Introduction
- General framework for spending less
- Why you need data on what you spend your money?
- How to get data on how you spend your money
- Analysis of Giuseppe expenses – Introduction
- Analysis of Giuseppe expenses – Data Available
- Analysis of Giuseppe expenses – Analysis by Reasons
- Analysis of Giuseppe expenses – Analysis by Categories
- Analysis of Giuseppe expenses – Joint Analysis
- Analysis of Giuseppe expenses – How to do it – Pivot Tables
- Reduce usage
- Reduction of frequency of usage – Case Introduction
- Reduction of frequency of usage – Analysis of usage frequency
- Reduction of frequency of usage – Estimation of potential savings
- Reduce how often you replace something – Case Introduction
- Reduce how often you replace something – Data Available
- Reduce how often you replace something – Analysis in Excel
- Reduce how often you replace something – Summary in Excel
- How to identify which expenses are worth reducing
- Eliminate some spendings
- How to identify which expenses that are worth eliminating
- Eliminate some expenses – Case Introduction
- Eliminate some expenses – Data Available
- Eliminate some expenses – Solution in Excel
- Renegotiate prices & find cheaper provider
- Renegotiate prices & find cheaper provider – General approach
- Renegotiate prices & find cheaper provider – Case Introduction
- Renegotiate prices & find cheaper provider – Data Available
- Renegotiate prices & find cheaper provider – Solution in Excel
- Total cost of ownership – Introduction
- Total cost of ownership
- Rent or buy a house – Introduction
- Rent or buy a house – Renting cost
- Rent or buy a house – The loan
- Rent or buy a house – Buying the apartment
- Rent or buy a house – Comparison
- Total cost of ownership – When to use it
- Be healthy & stay in shape
- The benefit of staying healthy and fit – Case Introduction
- The benefit of staying healthy and fit – Solution Part 1
- The benefit of staying healthy and fit – Solution Part 2
- Low hanging fruits
- Set SMART goals
- Calculate the value of your time
- Calculate the value time – Case Introduction
- Calculate the value time – Solution in Excel
- How to use the value of your time to make decisions?
- Make it or buy it
- Delegating some work to others – Case Introduction
- Delegating some work to others – Analysis of activities
- Delegating some work to others – Summary
- Car vs Uber – Introduction
- Car vs Uber – Cost of own car Basic
- Car vs Uber – Uber
- Car vs Uber – Comparison of costs
- Measure happiness per 100 USD spend and adjust your choices
- Happiness adjustment – Case Introduction
- Happiness adjustment – Data Available
- Happiness adjustment – Solution
- Reduce Liabilities – Introduction
- Reduce Liabilities – the Process how to do it
- Reduce Liabilities – Case Introduction
- Reduce Liabilities – the Mortgage
- Reduce Liabilities – the Credit Card & the Car Loan
- Reduce Liabilities – Debt Summary & Earnings
- Reduce Liabilities – Potential Improvements
- Repurpose assets that don't generate income – Introduction
- Repurpose assets that don't generate income – the Process
- Repurpose assets – Case Introduction
- Repurpose assets – Assets mapping
- Repurpose assets – Apartment 1 & 2
- Repurpose assets – Clothes, Domestic Appliances
- Repurpose assets – Land & Car
- Repurpose assets – Summary
- Check the end outcome of something and is it worth it
- How much is MBA worth – Case Introduction
- How much is MBA worth – the Loan
- How much is MBA worth – Pessimistic scenario
- How much is MBA worth – Optimistic & Realistic
- How much is MBA worth – Comparison
UNIDAD 9 - Conclusions · 1 leccionesUNIDAD 9 - Conclusions
UNIDAD 9 - Conclusions
- Bonus Lecture
Tu certificado lo emite la SEP, no solo una plataforma
Al demostrar la competencia recibes un certificado emitido por la Secretaría de Educación Pública a través del Gobierno del Estado de México: un documento oficial que puedes presentar con confianza ante cualquier empleador o institución.
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Pagas $2,800 MXN una sola vez y entras de inmediato al curso.
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Emitido por la SEP a través del Gobierno del Estado de México, con folio verificable.
Un certificado oficial de la SEP
Muestra · verificable por folio y QR
- Emitido por la Secretaría de Educación Pública (SEP), a través del Gobierno del Estado de México. No es una constancia privada: es un documento oficial, y ese respaldo marca la diferencia frente a otras plataformas en línea.
- Contenido impartido por Asen Gyczew.
- Folio y QR verificables para compartirlo con quien te contrate.
Empieza hoy, a tu ritmo
Un solo pago y acceso inmediato al curso completo durante 12 meses.
- 9 unidades · 187 lecciones · 45 h
- 12 meses de acceso
- Certificado emitido por la SEP (Gob. del Estado de México) con folio verificable
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¿Cómo es el pago?
Un solo pago de $2,800 MXN. No hay mensualidades ni cargos recurrentes.
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