Management Consulting and ISO Consulting Services - Green Dot Cost management model
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Transcript of Management Consulting and ISO Consulting Services - Green Dot Cost management model
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Cost Management
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2. Reduce
cycle time
1. Reduce
quality costs
3. Eliminate
non-value addingactivities
4. Eliminate
waste
Cost Management model
Note: See respective sections for more details
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Cost management Vs cost cutting
Most of the organizations have wrong notions about cost. They confuse cost management with cost cutting measures.It is extremely important to understand that cost management is different from cost cutting.
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Cost management Vs cost cutting
Many times organizations who have taken resort to cost cutting have faced serious quality problems.
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