This Programme offers to widen and deepen participants' knowledge of cost management from a strategic perspective.
- Case study: ABC vs. Simple Costing Schemes.
- Value Chain Analysis
- Service should-cost models
- Cost Models and Costing Systems
- SCM Case Study
- Case study: Process should cost.
- Industry cost profiles
Overview
Whether an organization is for profit or not-for-profit; or, it is pursuing a single or triple-bottom line agenda, a common driver of success on a sustainable basis is an effective and efficient cost management system.
- Cost Analysis
- Product should-cost models
- Total cost of ownership (TCO) models
- Revenue and Cost Driver Analysis
- Cost is said to reflect the choices we make.
- Fundamentals of Strategic Cost Management (SCM)
- Process-based should cost models.
- Price Discipline (dynamic cost models)
Programme
- Case Study: TCO (product/service)
- Rationale for Selecting a More Refined Costing System.
- ABC vs. Simple Costing Schemes
- Strategic Positioning Analysis
- Case study: Product or service should-cost
- Case Study: Price Discipline (product/ service)
- Learn to apply Total Cost of Ownership (TCO) principles in sourcing decisions.
- Identify data sources for building cost models.
- This seminar is ideally suited to those involved in contract negotiations as well as those responsible for improving their organizations’ operational results. Sales and marketing personnel will also
- benefit by understanding their costs and providing better solutions to key customers.
- Obtain, understand, and apply a set of cost management tools.
- Gain an understanding of the cost structure of the goods and services procured.
- Learn to apply cost models effectively in negotiations.
- Understand the linkage between your business strategy and cost management strategy.
Key Learning Outcomes
- Use Price Discipline in long-term contract negotiations.
- Distinguish between price and cost management.
Course Booking
Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.
