Improve Profitability through Cost optimization
16 Key Approaches

Madhu Bhaskaran

Cost optimization is a principal tool to guarantee the growth of any business. It maximizes business value for improved efficiency and productivity. Through this course, we can understand the 16 crucial factors to drive sales and ensure the profitability of your business.

₹ 1199.00
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Course Highlights

Cost Optimization V/S Cost Reduction

Do you want to run your business efficiently without cutting costs? Is the cost-reduction process affecting your business? Through cost optimization, you can achieve long-term growth and think creatively to gain an edge over your competitors. This course will help you achieve better returns in business through the cost-optimization process.

Importance of Cost-conscious Culture

A scalable business can be built only by identifying every cost as necessary or unnecessary. This course teaches us how to control expenditures by analyzing expenses and how to use the same for future growth. Setting correct targets and metrics, it also helps to achieve profitability in business.

Gain an edge through effective negotiation!

Not understanding the art of negotiation is the challenge faced by many in business. Increased profits and resolution of conflicts are crucial outcomes of effective negotiation. Through this course, you will learn how to negotiate effectively in a mutually beneficial way for both buyers and sellers.

Remote Selling - Tools and Processes

The primary merit of remote selling is that you can purchase whatever you want from anywhere at any time. This course teaches you how to take your business to a large-scale audience through multiple sources and minimum investment, thereby increasing profit. The course explains the necessary tools and skills to familiarize with the digitalization process.

Course Content

  • Cost Optimization and Cost Reduction - A Comparison (5:00) Preview
  • Measure, Monitor, and Improve Culture (MMI Culture) (4:00)
  • How to Track the Efficiency of Business? (4:00)
  • Role of Digitalisation in Cost Optimization (4:00)
  • How to Develop a Cost-conscious Culture (2:00)
  • Elimination of Unused Resources (2:00)
  • Make use of Underutilized Resources (3:00)
  • Facilitating Resource Reallocation (1:00)
  • Healthy Negotiation for Mutual Benefit (2:00)
  • Significance of Outsourcing in Business (2:00)
  • Non-Profitable Products, Divisions, and Branches (2:00)
  • Hiring Freelancers on Short-term Basis (2:00)
  • Foster Remote Selling (2:00)
  • Do Well Out of Purchase Management (1:00)
  • Bundle Offers to Optimize Sales (1:00)
  • Why Should You Work out a Budget? (1:00)
  • Importance of Retaining Existing Customers (3:00)
  • Conclusion (1:00)

About Instructor

Madhu Bhaskaran
Mr. Madhu Bhaskaran is a renowned Business Trainer and Strategist, with 30 years' experience in Training and Coaching. His training has created spark in more than one lakh people. More than 1000 business organisations have benefited by his learning interventions. He has authored 3 best sellers in Malayalam. His videos are watched by more than 7 crore viewers all over the world.