Cost Reduction Training I

Cost Reduction I: Costs, Budgets and Cost Reduction Potential

Online Session: (from 03:00 pm to 06:30 pm, EET)

5-Years Warranty for Annual Unit Cost Improvement of 6%.

What is this Cost Reduction I: Costs, Budgets and Cost Reduction Potential Training Program and why is it unique?

To support the efforts of an organization to continuously improve costs and to achieve an acceptable level of long-term profitability, it is necessary to fully involve the teams of managers and the entire staff of the company and beyond.

Knowing and continuously reducing unit costs is – and will remain – one of the core tasks of the management teams of any company to ensure the required level of profit. To do this, top managers and Controlling professionals need not only to promote the implementation of Controlling tools but they must look beyond these tools to create a cost improvement culture. They need to create an environment for effective and efficient cost problem solving at all levels of the organization and to shape behaviors that support this open to problem-solving environment.

These cost-oriented management behaviors can not be learned without practice. Top managers and professionals in Controlling have to go through their own learning cycles for in-depth knowledge of cost and cost improvement to fully understand the fundamentals of existing and future cost performance and develop a new model for learning and organizational change: pro-cost improvement culture.

Our Cost Reduction I: Costs, Budgets and Cost Reduction Potential training program uses an experimental approach to deliver a first-class Controlling experience and to help top managers and professionals in Controlling learn to create the environment for effective and efficient cost-related problem solving.

After the three days of training, the participants will better understand the stake of a powerful Controlling system and will learn to apply new Controlling models to make the transition to a more effective and efficient management model necessary to support continuous cost improvement and target profit.

Who Should Attend?

This Cost Reduction I: Costs, Budgets and Cost Reduction Potential training program is specifically designed for:

top managers,
Controlling professionals,
Improvement professionals,
budget writers and expenditure employees,
product engineers,
process engineers,
accounting staff,
supervisors,
procurement, marketing and sales staff.

The training shows what cost management and cost improvement really mean, respectively:

knowledge and control of variable costs and budgets,
good cost and budget design,
identifying opportunities for cost improvement and
choosing the best ways to improve costs.

What can I expect to learn during this Cost Reduction I: Costs, Budgets and Cost Reduction Potential Training Program?

By participating in this detailed presentation of Controlling that will analyze many real business situations (case studies), through class discussions and profound reflection, you will:

understand the interaction between knowledge and cost reduction objectives and other company goals;
learn about the design/ redesign and development directions of a costing and budgeting system;
discover the connections between the concepts and the consecrated models and explain how they can be used by the participants within the company;
deepen the fundamental principles for a cultural change where the continuous improvement of costs becomes the central element of the day-to-day activity of both leaders, managers and all employees of companies and beyond.

What will you learn from this training program?

This Cost Reduction I: Costs, Budgets and Cost Reduction Potential training program will help participants to:

understand the current and future thinking behind the figures;
evaluate their own learning gaps and the gaps in the Controlling systems they are involved in that need to be addressed to enable the development of continuous learning;
identify the basic practices in Controlling that need to be improved;
clarify the role in the Controlling work;
develop an individual and company-level action plan to address the gaps identified for an advanced Controlling system.

How is this Cost Reduction I: Costs, Budgets and Cost Reduction Potential training structured?

Day I
1) Concept of Controlling
2) Directions for developing a cost system
3) Cost System: Job-Order Costing and Operating Costing
4) Cost System: Activity-Based Costing

Day II
5) Cost System: Process Costing Systems
6) Cost System: Standard Costing
7) Stock Control
8) Sales Controlling

Day III
9) Planning and Budgeting System
10) Budget and Flexible Budgets
11) Financial Budgets
12) Manufacturing Cost Policy Deployment (MCPD) Transformation – Exegens®. Directions for investigating cost reduction by improving productivity.

The Trainer:

The trainer of the Cost Reduction I: Costs, Budgets and Cost Reduction Potential Training Program is Dr. Alin Posteucă, who is the author of Manufacturing Cost Policy Deployment (MCPD) and Speed-Based Target Profit (SBTP) concepts, published in four books at Productivity Press – Routledge/ CRC, New York (USA):