Course length:  1 day(s)  Prerequisite(s):
Course Description:
 
In this course, participants will learn how to continuously monitor
and evaluate cost performance. Using concepts such as value analysis,
best value, make vs. buy, outsourcing, and lead-time reduction,
participants will learn how to develop plans to measure, evaluate and
improve cost management on the commodities theypurchase.
 
Objectives:
As a result of attending this course, participants will:
     * Increase awareness of costs
     * Learn various methods of cost management and control
     * Apply relevant methods to your own business
     * Develop plans to manage costs for assigned areas of
       responsibilities
 
Agenda:
 
Module I     FTE Analysis
Module II    Understanding Cost Drivers
Module III   Using the Right Measures to Evaluate Cost Management
Module IV    Overview: Inventory Management and Control Techniques
Module V     Evaluating Total Costs; Zero-Based Budgeting
Module VI    Make vs. Buy
Module VII   Product Life Cycles and Costs
Module VIII  Using Technology
Module IX    Value Analysis
Module X     Demand Management