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Advanced Cost Management Course for Senior Managers

By: Francis Consulting

Abuja FCT, Nigeria

11 - 14 Nov, 2024  4 days

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NGN 300,000

Venue: LAP NEW WORLD HOTEL JABI ABUJA

This Programme offers to widen and deepen participants' knowledge of cost management from a strategic perspective.

  • Case study: ABC vs. Simple Costing Schemes.
  • Value Chain Analysis
  • Service should-cost models
  • Cost Models and Costing Systems
  • SCM Case Study
  • Case study: Process should cost.
  • Industry cost profiles

Overview

Whether an organization is for profit or not-for-profit; or, it is pursuing a single or triple-bottom line agenda, a common driver of success on a sustainable basis is an effective and efficient cost management system.

  • Cost Analysis
  • Product should-cost models
  • Total cost of ownership (TCO) models
  • Revenue and Cost Driver Analysis
  • Cost is said to reflect the choices we make.
  • Fundamentals of Strategic Cost Management (SCM)
  • Process-based should cost models.
  • Price Discipline (dynamic cost models)

Programme

  • Case Study: TCO (product/service)
  • Rationale for Selecting a More Refined Costing System.
  • ABC vs. Simple Costing Schemes
  • Strategic Positioning Analysis
  • Case study: Product or service should-cost
  • Case Study: Price Discipline (product/ service)
  • Learn to apply Total Cost of Ownership (TCO) principles in sourcing decisions.
  • Identify data sources for building cost models.
  • This seminar is ideally suited to those involved in contract negotiations as well as those responsible for improving their organizations’ operational results. Sales and marketing personnel will also
  • benefit by understanding their costs and providing better solutions to key customers.
  • Obtain, understand, and apply a set of cost management tools.
  • Gain an understanding of the cost structure of the goods and services procured.
  • Learn to apply cost models effectively in negotiations.
  • Understand the linkage between your business strategy and cost management strategy.

Key Learning Outcomes

  • Use Price Discipline in long-term contract negotiations.
  • Distinguish between price and cost management.
LAP NEW WORLD HOTEL JABI ABUJA Nov 11 - 14 Nov, 2024
NGN 300,000.00
(Convert Currency)

DR. FRANCIS OKEREKE 08035062583

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