Cost Management and Improvement
BAP01 – COST MANAGEMENT & IMPROVEMENT
Local accounting practices and definitions. Fixed and variable costs. Conversion aspects. Materials. Overheads. Short course on P&L. Sound familiar? Scary? No! It’s time to prove your worth to the company by improving the cost management. How about mastering the followings : Value analysis, Value engineering, Procurement practices, Energy savings practices, Cost reduction at offices, SMED practices, Quality improvement tools, Method to gain productivity, Inventories control, Introduce suggestion scheme. And the cost reduction area :Material and consumable savings, Scrap, reject and rework reduction, Improve product performance & variability, Utilities savings, Labor productivity improvement, Reduce set-up and changeover time, Control inventory, Equipment efficiency and uptime increase, Procurement practices for savings, Head count optimization.
At the end of this programme, participants will be able to:
- Description of company’s treatment for each cost element
- Technique to save cost for each relevant items
- Calculate cost impact for selected variable change
- Differentiate between fixed and variable costs
The session will be conducted using Accelerated Learning methodology which incorporate a series of tools and experiential learning techniques. Each activity will be thoroughly de-briefed to link the learning to real life situations.
WHO SHOULD ATTEND
Management, executives, engineers