Course description

Businesses across all sectors especially MSMEs are experiencing devastating impacts. => Cost management is the area to turn to during these challenging times. => TCM Division formed by CII is pioneering the Cost Competitive Movement in the country through its various service verticals. => The division has been serving the industry for over a decade in the area of cost management. => CII intends to leverage the experiences gained and support the SMEs through a 6-day extensive online training program on cost management tools and strategies and case studies will be assigned to solve during the weekend as a part of the online course. => The programme is built on case study based approach, with hands-on exercises for in-depth understanding, implementation in the real-time scenarios. => Aim is to equip the managers on the application of the tools and techniques, to tide over the current crisis KEY TAKEAWAYS - Various categories of costs and how to manage them (Material, Direct Expense, Overheads etc.) - How to analyse profitability at micro-level (Customer Level and Order Level) - Plan for Profitability more effectively - How to Price product/service based on value without compromising on profit (Do-It-Yourself) - Design and build Cost system using excel (spreadsheet)