Confederation of Indian Industry (CII) is organizing a 1-day workshop on Strategic Cost Management on 12 Jan 2012 from 0930-1800hrs at Hotel Fidalgo, Panaji
Prior Registration is a Must. Limited seats.
Introduction & Objectives: To face intense competition and stay in the market, the need for managing the cost strategically has become critical. The importance of managing costs and aligning them with the business strategy of an entity can be ignored by the managers at their peril, especially in the midst of challenging economic times faced by businesses today. Strategic cost control is never an easy task. Managers worldwide are finding that many of the cost cutting measures of the past have failed to provide long term solutions in the face of today’s problems.
In the present scenario cost management is critical to the survival of the organization. Traditional form costing and cost management have their limitation. Therefore, it imperative that new techniques and out of the box thinking are vital for the bottom-line management
To apprise the participants with the important tools of Strategic Cost Management which they can use in their organizations for improving overall Business Performance and the 'Recent Cost Audit Orders' and 'Cost Accounting Record Rules' having a widespread impact on the industry, the Confederation of Indian Industry (CII) is organising a 1-day workshop on Strategic Cost Management on 12 January 2012 at Hotel Fidalgo, Panaji.
Programme content:
·Information on 'Recent Cost Audit Orders' and 'Cost Accounting Record Rules'
· Concepts of cost, its behavior, cost data as input for decision making
·Target costing, Life Cycle costing, Value chain analysis, throughput accounting and theory of constraints, managing business process, ABM and cost driver analysis
Learning Outcome:
·'Recent Cost Audit Orders' and 'Cost Accounting Record Rules' and its widespread impact on the industry
· Learn the concept of cost, their behavior and the relevance of cost in decision making
· Learn various avenues and strategies available for cost reduction
· Selecting right improvement initiatives for your organization
· Cost Planning for Product Life Cycle
· Learn from Real Life Case Studies/ Examples from both Manufacturing and Service Industry
· Learn how to effectively implement Strategic Cost Management program in organisation
Who Should Attend: This is a programme specially designed for Senior and Middle level managers involved in operational decision making process:
·Head of Operations, Strategy Management & Business Development
·Finance Professionals
·First Generation Entrepreneurs
Faculty: Prof. Rammohan Menon is a Fellow of ICWAI, a Certified Management Accountant and a member of Institute of Management Accountants (USA) He is the Chairman of Goa Chapter of Cost Accountants. He has served in industry for 20 years at different levels. Besides professional practice he is also actively associated with management and professional education.
Delegate Fee : (Inclusive of 10.30% Service Tax):
Non Members: 3,500/-
CII Members: Medium & Large Scale. 3,000/-
CII Members: Small Scale. 2,500/-
Participation Fee & Registration: Fees and other details are mentioned in the ‘Reply Form’ (enclosed).
· Prior Registration is a must.
· Nomination will be registered on receipt of Registration Form and requisite fees (cheque to be drawn in favour of ‘Confederation of Indian Industry’ payable at Panaji)
· Fees include participation, course material (hard copies), working lunch, tea/coffee and Service Tax.
For more details you may contact John on 9822982979/[email protected]/[email protected]/[email protected]
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