Detailed programme Strategic cost management
This 4-day programme provides a detailed, practical overview of the most recent and important cost controlling techniques.
Theory and case studies are well balanced.
> Day 1: Cost drivers, Activity-Based Management and a company testimonial
Activity Based Costing (ABC) is an accounting technique that allows an organisation to determine the actual costs associated with each product and service that it produces.
> Day 2: Customer Profitability Analysis & Target Costing
Customer Profitability Analysis identifies which customers cause which costs, with the objective of improving or optimizing profitability. Target costing is a method used in the analysis of product design that involves setting a target cost and then designing the product/service to meet that cost.Time->
> Day 3: Time-Driven Activity-Based Costing & Theory of Constraints
Time-Driven Activity-Based Costing is the newest approach to Activity-Based Costing. Theory of Constraints describes the method for maximizing operating income when faced with bottlenecks.
> Day 4: Theory of Constraints & Total Cost of Ownership
Total Cost of Ownership is a method of calculating the real costs of a purchase.