Cost Reduction Strategies
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Cost Reduction Strategies
Eddy_kn Wed Oct 12, 2011 9:46 am
Cost Reduction Strategies
It’s time to stop thinking of cost cutting in a vacuum. In the new world, the same initiatives can both reduce costs AND raise revenues. The most successful airlines will learn how to work across departments to not just control costs but achieve the ultimate goal: maximizing profitability.
How You Will Benefit
Improve your understanding of key drivers of airline profitability and shareholder value
* Recognize the key ways in which global economic fundamentals impact an airline’s cost base
* Become familiar with the latest and most important technologies airlines are using to lower their costs while simultaneously raising revenue, often with the same initiatives
* Answer questions such as: If bag check fees reduce bags handled while generating revenues from those that are still checked, is this a revenue generation strategy or a cost management strategy? What about onboard food sales, which reduce consumption while driving revenues? Are there other opportunities for such dual-purpose strategies?
* Identify crucial areas where costs can be prevented or reduced
* Review and study real-life examples of cost management techniques and technological adoption at world-class airlines
* Evaluate the long-term prospect for cost management
Designed for
* Chief Financial Officers and Financial Controllers
* Cost and Management Accountants
* Costs Analysis Managers
* Operation Cost Control Managers
* Divisional Managers
Course Content
* Identifying areas for cost prevention and reduction
* Understanding the factors driving costs in areas such as fuel, labor, distribution, inventory management, corporate purchasing, fleet planning, airport and flight operations and foreign exchange
* Implementing initiatives across departments that reduce costs while raising revenues with a view to maximizing profitability
* Identifying and analysing dual-purpose strategies. Is it a a revenue generation strategy or a cost management strategy?
* Distinguishing good costs from bad costs
* Analyzing questions like outsourcing versus insourcing, buying versus leasing, self versus third party distribution, etc.
* IATA’s Simplifying the Business (StB) Program
* Developing and implementing effective cost-containment programs
* Sustaining the impact of your cost-reduction program
* Ensuring participation at all levels
Get trained at the comfort of home/office to start and manage your Travel Agency business.
We assist you to acquire IATA license for Travel Agency
We can also assist you to Buy or Sell an existing IATA license for Travel Agency business
DHAEWOOD AVIATION BUSINESS SCHOOL,
30,LAGOS-ABEOKUTA EXP.,CEMENT B/STOP,
IKEJA,LAGOS 2348026272323,2348035050692,2348075726805,2347025016495
AVIATION INTERNATIONAL PROFESSIONAL EXAMS & CERTIFICATION COURSES/PROGRAMS,RECOGNISED BY ALL AIRLINES WORLDWIDE,WITH ANY OF THESE CERTIFICATION YOU ARE SURE TO GET AIRLINES JOBS FAST.*Airline Cabin Crew Training,Airline Call Center Training,Airline Customer Service,Airline Finance and Accounting Management,Airline Marketing,Airline Revenue Management,Airport Customer Service,Airport Operations,Cargo Customer Service,Cargo Marketing,Introduction to Air Transportation,Introduction to the Airline Industry,IATA Global Distribution Systems Fares and Ticketing Course,IATA Travel and Tourism Training-Travel Agents'Marketing Course,IATA Travel and Tourism Training Programme-Level 3:Stepping into Management, ,IATA/UFTAA Travel and Tourism Training Programme-Level 1:Foundation. DHAEWOOD AVIATION BUSINESS SCHOOL,30 LAGOS-ABEOKUTA EXP.CEMENT B/STOP, IKEJA LAGOS. 08026272323,08035050692,08075726805 ,
IATA/UFTAA Travel and Tourism Training Programme-Level 2:Consultant,IATA/FIATA Air Cargo Rating,IATA/FIATA Cargo English,IATA/FIATA Cargo Introductory Course,IATA/FIATA Dangerous Goods Regulations (DGR)-Initial,IATA/FIATA Dangerous Goods Regulations (DGR)-Recurrent,Live Animals Regulations(Distance Learning),LOCAL CERTIFICATION COURSES:AIR TRANSPORT ESSENTIALS,AIRLINE COMPUTER RESERVATION SYSTEM,AIR TRANSPORT ESSENTIALS + AIRLINE COMPUTER RESERVATION,AIRLINE TICKETING + AIRLINE COMPUTER RESERVATION,Tourism MANAGEMENT,Hotel Management,Travel Agency Management,Airline Customer Service,AIRLINE CARGO HANDLING & OPERATIONS- Clearing and Forwarding (Freight Forwarding),AIRLINE STUDIES/AVIATION STUDIES/AIR TRANSPORT STUDIES,SHIPPING,PORTS & MARITIME STUDIES, Shipping/Export Management,Transport Management (SELF STUDY),CABIN CREW (AIR HOSTESS),DHAEWOOD DIPLOMA IN CABIN CREW,PILOTING (THEORETICAL CLASS IN NIGERIA),PILOTING (PRACTICAL FLYING ABROAD),Aeronautical Engineering-Leading to practical training Abroad,Piloting (Ground School)-Leading to flight Training Abroad,Aircraft Maintenance engineering-Leading to practical Training Abroad. 5% DISCOUNT ON ANY FEE, IF YOU ARE PAYING ONCE,2.5% DISCOUNT ON ANY FEE, IF YOU ARE PAYING TWICE within 30 days.
It’s time to stop thinking of cost cutting in a vacuum. In the new world, the same initiatives can both reduce costs AND raise revenues. The most successful airlines will learn how to work across departments to not just control costs but achieve the ultimate goal: maximizing profitability.
How You Will Benefit
Improve your understanding of key drivers of airline profitability and shareholder value
* Recognize the key ways in which global economic fundamentals impact an airline’s cost base
* Become familiar with the latest and most important technologies airlines are using to lower their costs while simultaneously raising revenue, often with the same initiatives
* Answer questions such as: If bag check fees reduce bags handled while generating revenues from those that are still checked, is this a revenue generation strategy or a cost management strategy? What about onboard food sales, which reduce consumption while driving revenues? Are there other opportunities for such dual-purpose strategies?
* Identify crucial areas where costs can be prevented or reduced
* Review and study real-life examples of cost management techniques and technological adoption at world-class airlines
* Evaluate the long-term prospect for cost management
Designed for
* Chief Financial Officers and Financial Controllers
* Cost and Management Accountants
* Costs Analysis Managers
* Operation Cost Control Managers
* Divisional Managers
Course Content
* Identifying areas for cost prevention and reduction
* Understanding the factors driving costs in areas such as fuel, labor, distribution, inventory management, corporate purchasing, fleet planning, airport and flight operations and foreign exchange
* Implementing initiatives across departments that reduce costs while raising revenues with a view to maximizing profitability
* Identifying and analysing dual-purpose strategies. Is it a a revenue generation strategy or a cost management strategy?
* Distinguishing good costs from bad costs
* Analyzing questions like outsourcing versus insourcing, buying versus leasing, self versus third party distribution, etc.
* IATA’s Simplifying the Business (StB) Program
* Developing and implementing effective cost-containment programs
* Sustaining the impact of your cost-reduction program
* Ensuring participation at all levels
Get trained at the comfort of home/office to start and manage your Travel Agency business.
We assist you to acquire IATA license for Travel Agency
We can also assist you to Buy or Sell an existing IATA license for Travel Agency business
DHAEWOOD AVIATION BUSINESS SCHOOL,
30,LAGOS-ABEOKUTA EXP.,CEMENT B/STOP,
IKEJA,LAGOS 2348026272323,2348035050692,2348075726805,2347025016495
AVIATION INTERNATIONAL PROFESSIONAL EXAMS & CERTIFICATION COURSES/PROGRAMS,RECOGNISED BY ALL AIRLINES WORLDWIDE,WITH ANY OF THESE CERTIFICATION YOU ARE SURE TO GET AIRLINES JOBS FAST.*Airline Cabin Crew Training,Airline Call Center Training,Airline Customer Service,Airline Finance and Accounting Management,Airline Marketing,Airline Revenue Management,Airport Customer Service,Airport Operations,Cargo Customer Service,Cargo Marketing,Introduction to Air Transportation,Introduction to the Airline Industry,IATA Global Distribution Systems Fares and Ticketing Course,IATA Travel and Tourism Training-Travel Agents'Marketing Course,IATA Travel and Tourism Training Programme-Level 3:Stepping into Management, ,IATA/UFTAA Travel and Tourism Training Programme-Level 1:Foundation. DHAEWOOD AVIATION BUSINESS SCHOOL,30 LAGOS-ABEOKUTA EXP.CEMENT B/STOP, IKEJA LAGOS. 08026272323,08035050692,08075726805 ,
IATA/UFTAA Travel and Tourism Training Programme-Level 2:Consultant,IATA/FIATA Air Cargo Rating,IATA/FIATA Cargo English,IATA/FIATA Cargo Introductory Course,IATA/FIATA Dangerous Goods Regulations (DGR)-Initial,IATA/FIATA Dangerous Goods Regulations (DGR)-Recurrent,Live Animals Regulations(Distance Learning),LOCAL CERTIFICATION COURSES:AIR TRANSPORT ESSENTIALS,AIRLINE COMPUTER RESERVATION SYSTEM,AIR TRANSPORT ESSENTIALS + AIRLINE COMPUTER RESERVATION,AIRLINE TICKETING + AIRLINE COMPUTER RESERVATION,Tourism MANAGEMENT,Hotel Management,Travel Agency Management,Airline Customer Service,AIRLINE CARGO HANDLING & OPERATIONS- Clearing and Forwarding (Freight Forwarding),AIRLINE STUDIES/AVIATION STUDIES/AIR TRANSPORT STUDIES,SHIPPING,PORTS & MARITIME STUDIES, Shipping/Export Management,Transport Management (SELF STUDY),CABIN CREW (AIR HOSTESS),DHAEWOOD DIPLOMA IN CABIN CREW,PILOTING (THEORETICAL CLASS IN NIGERIA),PILOTING (PRACTICAL FLYING ABROAD),Aeronautical Engineering-Leading to practical training Abroad,Piloting (Ground School)-Leading to flight Training Abroad,Aircraft Maintenance engineering-Leading to practical Training Abroad. 5% DISCOUNT ON ANY FEE, IF YOU ARE PAYING ONCE,2.5% DISCOUNT ON ANY FEE, IF YOU ARE PAYING TWICE within 30 days.
Eddy_kn- Posts : 193
Join date : 2011-10-12
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