Strategic Cost Management
| Code |
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SCM |
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Objective
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To provide an understanding of business costing and develop
skills and cost conscious thinking.
- Generate cost savings in your businesses
- Protect yourinvestment against rising costs
- Uncover common hidden expenses
- Begin the process of bringing business costs down
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| Upon completion |
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Participants would be able to understand the costing components of
common business activities and a framework for developing cost control
in their areas of responsibilities. |
| Methodology |
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Instructor led discussions, followed by scenario
analyses and self reflection exercises. |
| Who Should Attend |
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This workshop is for everyone; administration, human resource
executives, even accountants and financial managers, IT professionals
and factory production leaders. Finance Managers and
CEOs would definitely benefit immensely as soon as cost
savings exercise is implemented.
The sooner, the BETTER.. |
| Duration |
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1 day Check our Calendar for our next class |
Sypnosis
With skyrocketing oil prices and global competition, can your businessess keep cash flow and profits for 2008? No two ways about it - you need to seriously talk cost control! Perhaps it should be CAUSE Control? And URGENTLY too! Managing costs and their causes has never been more urgent and all your key managers and their frontline or back end staff must be fully pro active and partcipative. There are only a few months away before 2009!
We are all facing challenging times and we all have only a few months in 2008 to achieve our profits and cash flow budget. As if global competition is not enough - we have now surging energy and materials cost that might possibly bankrupt many businesses.
It is NOW very urgent that our key managers and staff be immediately prepared to cope with the rising costsand depleting cash flows starting NOW!
Course Outline
| I. |
Cost Information Systems & Control
a. Cost concepts
b. Cost information and analysis
c. Product costing methods |
| II. |
Cost revenue relationships and Decision Making 1
a. Product contribution and profitability
b. Cost breakeven analysis
c. Application of costing break even
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| III. |
Cost revenue relationships and Decision Making 2
a. Standard costing – overview
b. Variance analysis and practice
c. Budgeting and budgetary controls |
| IV. |
Cost savings and Productivity programmes
a. Waste identification – economics of waste reduction
b. Managing wastage: materials/ labour and overheads
c. Implementation of cost savings – how to do it |
Register online by clicking HERE
Downloads
Registration Form
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