Business Case - Turnaround & Cost Reduction Approach

16-17 Jun, 2021, Virtual Classroom Training

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Dr. Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD. in international finance with Rushmore University of USA.

 

Dr. Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years period.

 

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad). And he is a GST Tax Consultant and had successfully completed the Custom examination

 

Dr. Steven Liew had conducted various seminars for corporate clientele including Association of Credit Management Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation, Asia Business Forum Pte Ltd, Hong Kong, Ministry of Development, Brunei, BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Continental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, SYNERGY RMS PTE LTD, India; UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Products (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK ; Hosiden Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd & VMAC Business Group (M) Sdn Bhd, China.

 

He is currently providing management consultancy and training specialising in GST, Forecasting , Fast Closing Monthly, Leadership, Strategic Planning, Budgeting, Accounting, Finance, Cost Reduction, Credit Management & Loan Recovery.

Venue Details

Virtual Classroom Training

Contact us

Juliany,
03 2283 6109
juliany@ipa.com.my

Phoebe,
03 2283 6100
phoebe@ipa.com.my 

FOR CUSTOMISED IN-HOUSE TRAINING
Jane,
03 2283 6101
Jane@ipa.com.my

ADDRESS 
A-28-5, 28th Floor, Menara UOA Bangsar, 
No.5, Jalan Bangsar Utama 1, 
59000 Kuala Lumpur
www.ipa.com.my

A Certificate of Completion with 14 hours CPD points will be awarded upon completion.
FOCUSING ON
  • MODULE 1: Managing P&L & ROI (Simulation Exercise)
  • Module 2: Improve Cash Flow & Profitability Position (Practical Case Study)
  • Module 3: Cost Benefit Analysis -Risk Management (Collection & Revenue Model)
  • Module 4: Negotiate Cost Down With Suppliers
  • Module 5: CBA Strategic Approach
  • Module 6: Business Strategies – 5 Key Result Areas (KRA)
  • Module 7: How To Monitor Your Sales, Costs & Collection
  • Module 8: How To Reduce Cost
  • Module 9: Cost Reduction Success Story
  • Module 10: KPI Management
INTRODUCTION
This course will guide you step by step using simulation approach to managing profit & cash flow, investment, budgeting processes & managing procurement costs via CBA approach and using what if analysis tools & Gantt chart. Free practical well tested excel templates are provided through out the training process.
COURSE OBJECTIVES
  1. Turnaround The Company
  2. Cost Reduction And Profit Improvement
  3. Improvement On Cash Flow Planning
  4. Applying Risk Management Model
  5. Using CBA Model & ROI Decision Making Tool
  6. Understanding KPI Management & Staff Productivity
WHAT YOUR COLLEAGUES ARE SAYING ABOUT THE COURSE…
  • “What I enjoyed from this cost reduction program is Dr Liew sharing on his real experience; Cost saving method & Case Study” HR Manager, Hock Seng Lee Concrete
  • “Thank you Dr Liew for guiding us in cost reduction on how to look out for cost reduction areas and the approach to implementation” Assistant General Manager;
    Sarawak Produces Industry Co
  • “I really appreciated Mr. Liew imparting his Real-life story of actual application of cost reduction strategies & many case studies”
    Plant Controller; Ceramica Indah Sdn Bhd
  • “The case studies and exercises that are most practical & relevant to me are story of Automobile cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill” Purchasing Executive; Ceramica Indah Sdn Bhd
  • “I’ve learned a lot in the Key Financial Ratios Analysis, CBA analysis and how the numbers can be transformed into SWOT analysis for strategic actions and corrective actions” Admin & Finance Manager
  • “All of the topics such as Budget, Forecasting, CBA & Decision analysis and excel practices have given me a guideline of how it can be applied to my work. The frameworks & excel formulation (NPV, FV, Goal seek, Conditional formatting) are great. Keep it up, Dr!” Costing Officer, Jerudong Park Medical Centre
  • “Through practical exercises and case studies simulation, I have better understanding of impacts of pricing, costs and profitability on strategic decision making” Pmk.Pegawai Kewangan, Civil Aviation Department
  • “Learnt the ability in costing risks & its financial impact “ Jude Thaddeus Ak George, Manager, Information Communication Technology
  • “Learnt the ability to identify risk issues in quantitative method & how to resolve it. The risk tools are very useful “-Azilla Binti Abdul Rahman, Manager, Planning and Scheduling
  • “Trainer is very expert on his field. Instructor showed the interactive way of teaching by linking Financial Risk Analysis Using Ratios in making business decision” Salmi Nadia Bt Dato Mohd Hilmey, Director Risk Management
  • “The instructor delivers idea and knowledge clearly together with hands-on risk management activity” Ahmad Kamal Mohd Kassim, Head Audit & Assurance
WHO SHOULD ATTEND
Owners, HOD & Managers
METHODOLOGY

Training & Consultancy approach. Case Study & Group Discussion.

Special Feature: Participants Will Receive a Set of Practical Templates suitable for all sectors. These templates;

  • Ease in planning, reporting & decision making process
  • Snapshot of overall issues & problem
  • Financial modeling using goal seek strategies for cash flow, profit, sales target, budgeting & working capital requirements.
DAY 1
9:00

MODULE 1: MANAGING P&L & ROI (SIMULATION EXERCISE)
Objective:

  • With Little Or Zero Accounting Knowledge, Will Walk You Through Your Business Or New Business On Sales, Purchases, Operating Expenses, Investment, Capital Injection, Depreciation & Interest Payment.
  • You See Your Own P&L, Balance Sheet, Cash Flow & Equity.
  • Provide Strategies (Using Goal Seek) To Improve Your Cash Flow & P&L Position
10.45

MODULE 2: IMPROVE CASH FLOW & PROFITABILITY POSITION (PRACTICAL CASE STUDY)
Objective:

  • Use Financial Tools Of Goal Seek & Solver To Meet Management Target Of Sales, Profit & Cash Flow Position
  • Applying What If Analysis (Goal Seek & Solver)
  • Applying Profitability Strategy Management Framework
1.00 Lunch
2:00

MODULE 3: COST BENEFIT ANALYSIS -RISK MANAGEMENT (COLLECTION & REVENUE MODEL)

  • Analyzing The Potential Risks Facing An Organization
  • Mitigating Controls
  • Weight The Financial Impact
  • Cost/Benefit Decision Analysis
3:45

MODULE 4: NEGOTIATE COST DOWN WITH SUPPLIERS

  • Target Costing
  • Impact On Saving
  • Analyze Supplier Prices.
  • Apply Value Index Formula (Technical & Commercial Approach With Weightage)
5:00 End of Day 1
DAY 2
9:00

MODULE 5: CBA STRATEGIC APPROACH

  • To Outsource Or Not To Outsource The Services.
  • CBA On Provide Consultancy Services.
  • Analyze Strategic Decision- To Shift Focus On Bigger Customer?


10.45

MODULE 6: BUSINESS STRATEGIES – 5 KEY RESULT AREAS (KRA)

  • Asset Conversion (Conversion Of Assets (Inventory & Fixed Assets) To Cash Or Profit)
  • Collection (Set Target To Improve Collection & Debt Recovery)
  • Cost Reduction (Focus On Trend & Major Cost Drivers)
  • Revenues (Review Loss Making Business Segments)
  • Purchasing Policy (Focus On Suppliers’ Profile & Business Unit Purchases With The Aim Of Reducing Procurement Costs)
12.00

MODULE 7: HOW TO MONITOR YOUR SALES, COSTS & COLLECTION

  • Define Your Sales Projection, Factor In Fluctuation (Q1, Q2, Q3 & Q4)
  • Do Your Monthly Average Sales & Expenses.
  • Used 3 Estimate Techniques (2+10, 5+7, 8+4) And Also Use SMART (Specific, Measurable, Achievable, Realistic & Timebound)
  • Make Sure Your Budget Is Relevant At All Times During The Year.
1:00 Lunch
2:00

MODULE 8: HOW TO REDUCE COS

  • Target Saving Based On Latest Financial Forecast (Cost Of Sales & OPEX)
  • Strategic Management Framework:
    - Planning: Target & Level Of Motivation
    - Execution: Top Level Commitment; Empower Resources (Dedicated Experience Personnel To Executive – Project Based); Buy In At All Level (Road Show)
    - Evaluation: Reap What You Sow (Activity Make The Difference)
 

MODULE 9: COST REDUCTION SUCCESS STORY

  • Set Target Saving For Your Organization.
  • Steps To Achieve The Target Set.
3.45

MODULE 10: KPI MANAGEMENT

  • Setting Departmental KPI Metrics
  • Measure Performance (Score = Weightage * Rating)
  • Link KPI To Bonus and/or Increment
  • How To Close The Performance Gap For Next Review
5:00 End of Course