Strategic Cost Management

 “In pursuit of Creating and sustaining Customer Value better than competition profitably”

 Programme Overview

Cost Perspective has moved a long way from a Cost Plus Profit mindset to Sales minus Profit imperative. Strategic cost management is a holistic approach to enable profitable growth, ensuring customer value using integrated methodologies. It entails looking beyond the Entire Value Chain to Value Creation. It keeps the Customer as the Center of the Business Universe.

Programme Benefits:

• Understand the integration of different enabling methodologies through a holistic approach
• Sensitising on relentless pursuit of customer value and profitability
• Understand the Value, Price, Cost Relationship
• Clues to address Capacity creation dilemma in the era of Disruptive Technologies.
• Holistic approach of integrating Design, Operations, Consumption and Supply chain
• Identifying the latent potential to unlock Value Drivers, Enable Revenue Drivers and Manage Cost Drivers

 Programme Objectives:

By the end of the programme, the participants will understand:

• Aligning Value, Price and Cost
• Need to keep customer at the centre of the business universe
• For every action there is a Financial Reaction

Programme Content:

• Changing Cost Perspective
• Sustaining “Inequality” of Value, Price and Cost
• Integrated Product Design
• Integrating Target Costing methodology with Design Methodologies like VA/VE, QFD, TRIZ, DFMA, etc
• Integrating Target Costing with Project Management
• Financial Impact of Operations and Strategy
• Kaizen Costing
• Loss Cost Tree
• PRIDEM™
• Creating Value through Consumption
• Cost of Quality
• Total Cost of Ownership
• Life Cycle cost management
• Improving Buyer Supplier Interface through Inter Organisational Cost Management
• Aligning People to Profitability

Who should attend?

Decision drivers on customer selection, segment, positioning, marketing communication, and People responsibility for profitability reporting.

Pedagogy

Interactive sessions, breakout exercises, creating insights through the participants’ experience. Live Cases from the industry will be discussed.

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