Strategic Cost Management
[Detailed programme]
'Recent trends in strategic cost control'
The
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.
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