Certificate Course on Cost Optimization

Thursday, November 21, 2024

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Certificate Course on Cost Optimization

Certificate Course on Cost Optimization

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Objective:

By effectively managing costs, you unlock a multitude of benefits that contribute to improved profitability, operational efficiency, and competitive advantage. By optimizing costs across key areas, you enhance profitability, streamline operations, and allocate resources more efficiently.

Contents:

Day – I Day – II
  • What is cost
  • What is value
  • What is cost control
  • What is cost reduction
  • Difference between cost control & cost reduction
  • Overview of cost
  • Cost elements
  • Fixed cost vs Variable cost
  • Material cost
  • Process cost (Conversion cost)
  • Packing & Logistics cost
  • Inventory cost
  • Overheads
  • Cost cutting vs Cost management, Necessity for cost management
  • Importance of design in cost management – Concept of ‘Design to cost’ – Value Engineering/Value Analysis (VA/VE) – DFMA
  • Overview of Lean manufacturing, Types of wastes affecting the cost and their elimination / reduction, Value stream mapping (VSM)
  • Strategies for cost management (Reduce Quality costs, Reduce cycle time, Eliminate Non-value adding activities, Eliminate waste)
  • Cost management by process stability –production leveling & synchronizing and by optimizing the process.
  • Cost management in support processes (MTBF MTTR improvement, Prevention of equipment failures/Maintenance prevention, Spare parts management etc.)
  • Inventory cost management – RM, WIP, FG Inventory – Classification of inventory based on usage – Inventory turn ratio (ITR), How ABC , EOQ, VED, KANBAN helps in controlling inventory cost
  • Cost management for Maintenance – maintenance spare management to reduce inventory carrying cost

Who should attend:

Finance Managers
Procurement and Supply Chain Professionals
Management Consultants
Supply Chain and Logistics Managers
Manufacturing and Production Managers
Risk Management Specialists
Human Resources Managers

Trainer Profile:

Ujjwal Basu – Business Strategic Specialist

23+ years of learning in Commercial negotiations, Procurement, Vendor Management, Supply Chain, Production Planning, Logistics, Purchasing, Warehousing, Sales and after sales. Domestic and Global, Lead – Asia Pacific team, exposure to Middle east, EU and US. Worked in varied Industries – Automobile, Media, ITES, Chemicals, Logistics, FMCG and Other Manufacturing. Worked in various Green and Brown field projects. Currently working as Business Consultant with Multiple organizations.

A highly impactful Strategic specialist, with diversified experience in Integrated Supply Chain Management and International Business acumen with various Industry knowledge viz. Automobile, Media, ITES, Chemicals, Green Mobility, Supply Chain and Other Manufacturing organizations having over two decades of experience in the field of Sourcing Management, Logistics, Value Chain, Inventory Management, Plant Operations, Production Planning, Brand, Customer Relationship Management and handling multiple green field projects. Experience of handling Domestic, Asia Pacific, Middle East and US territories. Worked in top Indian and Global brands like ABP Pvt Ltd, General Motors India, Tata Motors, Avaya India, Johnson Matthey India, Fogla Corp. Contributed in business strategy formulation and achieving volumetric business growth, business process reengineering and change management, supplier consolidation and cost optimization.

Delivery: ZOOM Meeting

Participation Fee:

Members Rs. 9,000/- +18% GST per participant
Non-Members Rs. 10,000/- 18% GST per participant

Participation only through advance registration

Bank Details for NEFT
Account No. 10996680930
IFSC CODE SBIN0000300
Bank Name State Bank of India
Branch Address Mumbai Main Branch

Cheque /Demand Draft should be drawn in favor of “BOMBAY CHAMBER OF COMMERCE AND INDUSTRY”

Contact Details :

Revati Khare
Email : revati.khare@bombaychamber.com
Tel : + 91 22 6120 0231

Additional Details

Organizer name -

Venue Name -

Event Fees Type

paid_event

Event or Seminar - Workshop

To register for this event please visit the following URL:

 

Date And Time

September 25, 2024 10:00 AM to
September 26, 2024 05:00 PM
 

Location

Online event
 

Event Types

 

Event Category

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