October 11, 12, 13, 2023, Brașov
Application deadline: October 2, 2023.
Training: Controlling and Cost Reduction
Exegens® | Home of the Strategic KAIZEN
What is this training program ”Controlling and Cost Reduction”?
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 costing and budgeting professionals need not only to promote the implementation of cost calculation 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 problem-solving environment.
After the three days of training, the participants will better understand the stake of a powerful cost reduction system and will learn to apply new models to make the transition to a more effective and efficient management model necessary to support continuous cost improvement and target profit fullfillment.
Why is this training unique?
Successfully executing the cost improvement strategy has two basic rules: (1) applying the KAIZENshiro Budgeting cycle that links the cost improvement strategy to operations, and (2) applying specific concepts in each phase of the cycle.
In the figure below is an EXEGENS example of operating profit reform through cost improvement at an auto parts company. Alignment of Strategic KAIZEN projects to TAKT PROFIT facilitates the achievement of annual and multi-year operating profit targets.
What can I expect to learn during this ”Controlling and Cost Reduction” training program?
By participating in this detailed presentation of Controlling and Cost Reduction approach that will analyze many real business situations (case studies), through class discussions and profound reflection, you will:
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understand the interaction between knowledge and cost reduction objectives and other company goals;
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learn about the design/ redesign and development directions of a costing and budgeting system;
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discover the connections between the concepts and the consecrated models and explain how they can be used by the participants within the company;
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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.
How is this ”Controlling and Cost Reduction” training program structured?
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
After Day 1 there will be a meeting of participants from 6:00 to 7:00 PM for networking.
5) Cost System: Process Costing Systems
6) Cost System: Standard Costing
7) Stock Control
8) Sales Controlling
9) Planning and Budgeting System
10) Master Budget and Flexible Budgets
11) Financial Budgets
12) KAIZENshiro Budgeting & Strategic Kaizen Transformation - Exegens® concepts. Directions for strategic, systematic and scientific cost improvement through productivity improvement.
The trainer:
The trainer on the ”Controlling and Cost Reduction” training program is Dr. Alin Posteucă, who is the author of Strategic Kaizen, Manufacturing Cost Policy Deployment (MCPD) and Speed-Based Target Profit (SBTP) concepts, published in five books at Taylor & Francis, Routledge, CRC Press, New York, London, Boca Raton:
Who Should Attend?
This “Controlling and Cost Reduction” training program is specially designed to show top managers and professionals the necessary individual and organizational adjustments of pro-cost culture to successfully support their efforts to continuously improve profitability based on increased productivity.
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