Date: 11 & 12 June 2012 (Mon & Tues), 9 am to 5 pm
Venue: Eastin Hotel, Petaling Jaya
Date: 21 & 22 June 2012 (Thurs & Fri), 9 am to 5 pm
Venue: Sunway Hotel, Sebarang Jaya, Penang
Malaysian Export Academy (PSMB Registered Class A Training Provider – SBL Claimable) Presents
COST REDUCTION STRATEGIES FOR MANUFACTURING INDUSTRY
Certificate of completion will be awarded for those who complete the course
Cost reduction can be achieved through reduction, elimination, modification of manufacturing activity. Through in depth analysis the best and least cost path is adopted for each activity. The best method to achieve results are to bench mark operating parameters to world class companies.
In today’s competitive world corporate and businesses are struggling to maintain profits and healthy bottom lines. Cost of production, fuel, electricity, raw material and human resources is rising each year. These developments have prompted people to look for cost reduction ideas and methods. Those who opted for focused cost reduction strategies have survived and those who did not manage well have perished. In recent economic downturn it becomes important to make cost reduction program a major initiative in the industry.
Companies have to develop its own cost reduction program for savings without cutting jobs. This course will help you develop an action plan for your organization.
- To identify the problems and opportunities in cost reduction
- Analyze the current method and tools to measure such methods
- Generate original ideas and plan new methods in implementation cost reduction
- Application of these new techniques help your organization achieve their objectives
- Develop action plans to analyze, implement and monitor the results
- Work together in an effective multi-disciplinary environment to reduce costs
- Objectively identify and evaluate all existing costs
- Prioritize the cost reduction efforts on high-return opportunities
- Implement and sustain a cost reduction program
- Tap into and incentivize your employees to help reduce costs
WHY COST REDUCTION?
- Waste Reduction
- Increase productivity
- Resource conservation
- Image enhancement
WHERE TO IMPLEMENT COST REDUCTION?
- Raw material procurement
- Logistics inbound and outbound
- Production (process, time and work study, maintainanence, automation)
- Human resource (out sourcing)
- Sales and marketing
THE MAJOR PARAMETERS FOR ANY MANUFACTURING UNIT
- Cost per unit
- Man-hours unit
- Units produced/unit time
- Break down time
- Waste and defectives
- Fuel, electricity and water consumption
WHAT IS PRODUCTIVITY?
- Work standards – All standards for operations should be displayed at work stations in all languages with dos and don’ts
- Autonomous maintenance – Operators to be trained to do regular maintainnece
- Manpower allocation per machine – Manpower deputed per machine should be adequate and is not low or high.
- Tools – Necessary tools to be placed near work stations
- Reduce loss of time during shift changeovers
- Labor productivity, movement, re-work and physical stress
KAIZEN CONCEPTS FOR PRODUCTIVITY
- Kanban system and JIT
- 5S (Housekeeping)
- Seven deadly wastes in production line
- Total preventive maintainenec
- Lean manufacturing
LEAN COST REDUCTION
- When is a product profitable?
- Reduce direct material costs
- Reduce direct labor cost
- Reduce operational overhead
COST REDUCTION IN PROCUREMENT
- The cost of carrying inventory in your organization
- How to evaluate your suppliers towards cost reduction
- How to purchase internationally and reduce cost
OUTSOURCING IN MANUFACTURING INDUSTRY
- Customer support services
- Human resource services
- Payroll and financial services
- Procurement services
- Maintainenece activity
- Logistical support (3PL)
G.Vizayer Raj obtained his MBA from the prestigious European Union Open University (UK) is a Graduate Student from the University of London, England. He has a Diploma in Warehouse Management from the International School of Management (USA). A pioneer student of Malaysian Institute of Purchasing and Materials Management completed his certificate and advance certificate programs before continuing on his higher studies in Materials Management. Became an associate member of the Chartered Institute of Transport by virtue of his deep interest in the industry.
All through his career he was an activist on environment and green technology. His ideas on “ Go Green” very much used in Logistics today. In his trainings he inculcates the values and principles of Green technology to his participants.
He has done trainings on Green Technology in relation to construction and environment. Very successfully delivered a number of such trainings to manufacturing and engineering sectors as well.
His fusion of Green technology and Supply Chain has been very well accepted by all sectors and industries.
G.Vizayer Raj actively lectures with various Universities namely, University of New Castle, Universiti Teknologi Malaysia under the Space Program and also serves as a Lecturer and Consultant to the Malaysian Institute of Purchasing and Materials Management (MIPMM) especially in the field of Business Management mainly on Business studies. Has also conducted a number of in house and public programs with Petronas, Maxis, and Ericson to name a few.
Other institutions he has conducted trainings include Masterskill University College of Health Sciences, Khazanah Nasional, Al-IMAM MUHAMMAD IBN SAUD ISLAMIC UNIVERSITY and KING ABDUL AZIZ UNIVERSITY, KINGDOM OF SAUDI ARABIA, KUWAIT OIL COMPANY, ROYAL COURT OF OMAN AND SUDAN TELECOMMUNICATIONS.
In the recent times he has been actively training with the Federation of Malaysian Manufacturers (FMM) and Human Resources Ministry under the Train and Place Scheme.
Other notable intuitions are Polytechnic Seberang Prai and Polytechnic Kuantan.
G.Vizayer Raj has worked with a number of multinational companies especially Sumitomo Corporation, Toshiba Plant Kentesu, Kawasaki Heavy Industries, and Keppel Engineering. Among the projects handled were KLIA, Petronas Gas Pipeline, and Putra Jaya Administrative Centre, Prai Power Station and Kapar Power Station.
G.Vizayer Raj serves in various International councils providing his invaluable expertise especially Business Management Association (BMA, UK) and the Society of Sales and Marketing (SSM,UK).
PARTICIPATION FEES & REGISTRATION
RM 1080 per person for 2 days – SBL claimable (Inclusive of lunch, tea breaks, notes and consultation)
Malaysian Export Academy
Suite 306, Block C, Glomac Business Centre,
Jalan SS 6/1, Kelana Jaya,
47301 Petaling Jaya, Selangor
Tel : 03 7880 0413
Fax: 03 7880 2817
Contact Person: Shafinaah