Strategic Cost Management

[Detailed programme]

'Recent trends in strategic cost control'

Strategic Cost ManagementThe economic crisis has caused a wave of cost reduction initiatives. But not every money-saving action is a good one. While damaging to the business, the financial impact often tends to be low. Cost reductions should not be pursued thoughtlessly. Deeper insight into cost behaviour is essential for saving-successes. Advanced costing techniques can make the cost drivers of your business more transparent. That is why our executive program offers you a course on advanced costing techniques and how it can be applied within your company.

Target group

  • Accountants,
  • controllers,
  • financial directors,
  • production managers,
  • management consultants,
  • purchasing managers,
  • general managers, …

After this programme

After this programme, you will be able to:

  • apply the most recent and effective costing systems
  • select the right costing system for your company/department
  • interpret the outcomes of costing systems and propose the necessary actions to be taken

Programme topics

This is a 4-day programme. Each day starts at 9 am and ends at 5:30 pm.

The programme runs as follows:

  • Day 1: Cost drivers, Activity-Based Management and a Company Testimonial
  • Day 2: Customer Profitability Analysis & Target Costing 
  • Day 3: Time-Driven Activity-Based Costing & Theory of Constraints 
  • Day 4: Theory of Constraints & Total Cost of Ownership

Detailed programme

The Vlerick approach

To ensure a practical and action-oriented approach, case studies are used as the primary – but not exclusive – vehicle for teaching. Participants will be challenged to deal with real-life situations, apply the appropriate concepts and techniques, decide upon a course of action, and discuss their recommendations in class.

Faculty

Prof Dr Filip Roodhooft is a full professor of Accounting at Vlerick Leuven Gent Management School and in the faculty of Economics at the Katholieke Universiteit Leuven. He teaches in executive development programmes at several business schools, including the London Business School, the Rochester MBA programme in Bern, and Leti-Lovanium Saint Petersburg.

Prof Dr Regine Slagmulder is Partner and Associate Professor of Accounting and Control at Vlerick Leuven Gent Management School. Prior to joining Vlerick, Regine was a consultant with McKinsey & Company and a full-time faculty member at INSEAD. Regine’s teaching and research activities focus on the link between performance management systems and company strategy.