June 30, 2015 at 7:13 am #10089adminKeymaster
Few Seats Left: Workshop on Total Cost Management ( TCM) : Friday 10 July 2015, CII NR Headquartres, Chandigarh
WORKSHOP ON TOTAL COST MANAGEMENT
FRIDAY, 10 JULY 2015, CII-NR HEADQUARTERS , CHANDIGARH
Increase in global competition has resulted in Cost Management becoming a mantra in many Indian Companies. In order to offer the final customer a value-based product at a lesser cost, and thereby gain competitive advantage, it is essential that cost management addresses not just individual activities or cost centres but the entire value chain.
The Indian Industry has grown from a simplistic cost-plus pricing structure has been used to for decades, to a liberalized and open economy, where the market determines prices, CII believes that effective cost management is one of the most vital devices to help the Indian Industry get acclimatized to these fast paced changes.
Against this backdrop, CII is organizing a Workshop on “TOTAL COST MANAGEMENT” on Friday, 10th July, 2015 at CII NR Headquarters, Chandigarh.
v To develop knowledge on the techniques for effective cost management and increased profitability
v To create in-house skills on Total Cost Management tools like Activity Based Costing (ABC), Activity Based Management (ABM), Target Costing (TC), Balanced Score Card etc.
v To help provide a holistic framework to control, reduce and eliminate costs.
Topics to be covered
l Activity Based Costing l Activity Based Management l Target Costing l Inventory Management l Balanced score Card l Total cost of ownership.
· Cost Managers
· Accountants Accounts Manager/ officers
· Purchase Manager/ Executives
· Supply Chain Managers/ Executives
· Financial Professionals and Consultants
· Production Managers
· Admin Managers
· HR Professionals
· Store in charges
Mr M Nagesh Babu is management accountant by profession and has been passionately driving the modern tools of cost management in the industry since 21 years. Hitherto, he has been the team leader and driving force in a leading confectionery manufacturer in India to conceptualize and establish costing department and steer it for 15 long years. Close to 9 years at CII, he is striving to take cost management to greater heights in the industry through research and application. He has been part of core group of TCM (Total Cost Management) which formulated and executed CII TCM Maturity model in the industry which calibrates the cost management from base to highest through 5 layers with differentiating characteristic features at each level. This model is first of its kind in the world. He has been part of the evaluation team to rate about 30 major corporates in the maturity model in the recent past like Godrej & Boyce, Tata Motors, ITC, JCB, Kirloskar, etc.
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