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| INTRODUCTION |
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| Constantly declining and increasingly volatile revenue streams have made it imperative to manage costs across the entire value chain. Even a small reduction in costs, can have a significant impact on the bottom line, which otherwise would be possible only through a phenomenal increase in sales. This programme offers a unique approach to managing costs that improves visibility over product cost structures and business processes while reviewing best practices to optimise them. The objective of the programme is to develop a well-conceptualised cost reduction strategy to capture maximum value in the form of direct savings. |
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| This programme has been designed to provide the tools and techniques to optimise product/service cost structures, and reduce costs. The programme also provides the participants with valuable insights into the analysis of activities for their degree of customer value-add and identify ways of redesigning activities and processes to improve productivity and increase value. The programme provides a comprehensive coverage of the implementation issues in developing systems for better-cost management and integrates a broad range of examples from both manufacturing and service industry sectors. In this programme, participants develop a deeper understanding of a company’s value chain and develop insights into the link between the value drivers and cost information. |
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| PROGRAMME CONTENTS |
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Developing strategies to achieve cost advantage - integrating performance measurement and control techniques |
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Benchmarking Analysis |
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Designing a measurable cause-and-effect framework for product profitability analysis |
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Applying Balanced Scorecard tools to measure and monitor performance |
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| PARTICIPANTS |
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| Senior executives in the finance and accounting functions. |
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| PROGRAMME OBJECTIVES |
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To develop knowledge on the techniques for effective cost management and increased profitability |
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To develop skills on Total Cost Management tools like Activity Based Costing (ABC), Activity Based Management (ABM) and Target Costing |
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To help provide a holistic framework to effectively manage costs. |
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| TRAINING METHODS |
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| This intensive three-day session places a heavy emphasis on implementation. The highly interactive learning environment combines lecture sessions, group discussions, and case studies, providing ample opportunity to learn from the peer group as well as faculty and industry experts. |
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| KEY TAKEAWAYS |
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Determine the contribution of each profit center, product line and customer. |
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Discover how activity-based cost management techniques can enhance profitability, through improved analysis. |
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Identify and apply a set of metrics that help in determining whether outsourcing is a benefit or an unnecessary expense. |
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| Organizational sponsorship is essential. |
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| VENUE |
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| The Programme is fully residential and the participants will be accommodated in single air-conditioned rooms in the Bella Vista or the College Park Campus of the College at Hyderabad. The College does not provide accommodation for the family. Transport between Airport/Railway Station and Campus will be arranged by the College. |
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| DURATION |
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| The Programme duration is from Wednesday, December 9 to Friday, December 11, 2009. The participants are expected to arrive a day before the commencement and may leave after the conclusion of the programme. |
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| PROGRAMME FEE |
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| Rs. 19,000/- (US $ 590 if foreign) plus Service Tax @10.30% per participant will be charged to cover tuition, board and lodging, courseware and other facilities of the College including Internet usage. Local participants not availing hostel accommodation will be given a discount of Rs.1,000/- per day for the duration of the programme. |
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| A concession of ten per cent is given to the second nominee and onwards. A ten per cent concession is also given to woman participant, either as a lone nominee or by treating her nomination as a first nominee in a group of nominations. |
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The College is exempted from Income Tax, and hence TDS should not be deducted. |
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| LAST DATE FOR NOMINATION |
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| The nomination form duly filled in along with the Demand Draft made out in favour of “Administrative Staff College of India” payable at Hyderabad should reach the Programmes Officer by November 25, 2009. |
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| LAST DATE FOR WITHDRAWAL |
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| December 2, 2009. Any withdrawals after this day will entail forfeiture of fee paid. |
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| ALUMNI ASSOCIATION |
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Participants of College Programmes will automatically become members of ASCI Alumni Association. |
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| CERTIFICATE OF PARTICIPATION |
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| The College issues a Certificate of Participation on conclusion of the Programme. |
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