Detailed programme

The programme 'Profitability & Cost Management' corresponds to module 3 of the Executive Master Class in Controllership. The programme covers following topics:

Day 1: Introduction to Strategic Cost Management

  • In-depth review of proven and emerging techniques for strategic cost management
  • The art of Activity Based Costing (ABC)
  • Assessing in detail the real cost of every item produced or any service delivered through ABC as an advanced Management Accounting System
  • Special lecture by an invited practitioner on implementing ABC
  • Setting and reaching cost objectives in various product design stages through Target Costing

Day 2: Customer Profitability Analysis

  • Analysis and assessment of the profitability of products, customers and markets, based on cost information
  • Identification of which costs are generated by which customers, with a view to improving and optimising profitability, using Customer Profitability Analysis

Day 3: Time-Driven Activity Based Costing & Theory of Constraints

  • Time-Driven Activity Based Costing, the latest take on ABC: the technique, its advantages and drawbacks, real-life examples, etc.
  • Theory of Constraints: the famous method for maximising operational income under constraints in the chain of production
  • Practical applications of the Theory of Constraints

Day 4: Total Cost of Ownership

  • Analysis and evaluation of prime cost components of products or services purchased, leveraging the concept of Total Cost of Ownership (TCO)
  • Full transparency of the total prime cost of products and services purchased, and control over your purchasing process
  • Mapping of all the visible and hidden costs of products and services through their entire life cycles
  • Development and implementation of a TCO model

The Vlerick Difference

We have a unique approach to learning, which focuses on bringing theory to life, giving you the skills and insight you need to really make a difference. Spend time on our beautiful campuses, and you become part of one of the most active business communities in Europe, learning in a way that will help you to be a more effective and productive business leader throughout your career. Learning at Vlerick really is an experience far away from traditional classroom learning. You’ll work collaboratively with your faculty and fellow participants to bring your ideas to life in a robust and practical way.

Digital − the new normal in business − will also strengthen your learning process. Our online platform ‘Showpad’ and the use of a tablet grant you access to all of the learning materials anywhere, anytime, and enable you to go beyond note-taking: take pictures of the flipchart during a brainstorming exercise, record a video of a role play, participate in a quick poll, create a Wikipage together … and share them on the spot with your group.

Find out more

We facilitate your journey. You make the difference.

Drive real change in your organisation

A learning experience with real impact on your operations? A management programme tailored to the specific needs of your business? Contact us and discover how we can design and deliver customised programmes for your team that add genuine value to your organisation.

Need help?

Contact our Programme Advisor
Programme Advisor
Tel + 32 9 210 98 84
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