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Strategic Cost Analysis: Tools for Lowering Your Company's Cost

PRESENTER: John W. Hill, PhD, JD [Bio]

Cost: $525 for all CCFL State Society Members/$595 for Non-members

Core

 Program Overview

Cost Management Is a Strategic Weapon Excess capacity, improved productivity and marketplace competition continue to increase with no end in sight. In times like these, lowering your company’s cost structure is more critical than ever before. Finance executives need to take the lead in implementing strategies that lower cost and improve profitability. The low hanging fruit has been picked. Therefore, you now need to look beyond traditional costing practices and focus on strategic cost analysis tools such as target costing, activity-based costing (ABC) and life-cycle costing. This program will show you how to implement strategic cost analysis tools at your company in order to gain a competitive edge and increase your profitability.

 Program Highlights

Strategic Cost Management and the Value Chain

• Identify opportunities for cost management or revenue enhancement across the industry-wide value chain.

Activity-Based Costing (ABC)

• Identify when ABC is most useful.

• Use ABC to evaluate product and service profitability.

Cost Management

• Activity-Based Management

• Use activity-based costing to guide cost reductions.

• Target Costing

• Determine a company’s target costs.

• Evaluate the role of both suppliers and internal functions in achieving target costs.

• Life-cycle Costing

• Identify product costs over their life-cycle.

Customer Profitability

• Use ABC to improve customer profitability.

• Understand the role of life-cycle costing in product pricing and customer segmentation.

Bringing it Together

• Identify and avoid the pitfalls of strategic cost analysis tools.

• Determine which tools work the best in various situations.

• Understand value chain configurations.

Thursday, October 9, 2008 REGISTER [Online] [Fax/Mail]

Indianapolis, IN
Location: INCPAS Prof Dev & Conference Center, 8250 Woodfield Crossing Blvd., Suite #100, Indianapolis, IN 46240-4348
CPE Credits: 8 Hours
Registration: 8:00 a.m.
Program: 8:30 AM - 4:30 PM

Wednesday October 29, 2008 REGISTER [Online] [Fax/Mail]

Chicago, IL
Location: ICPAS Education Center, 550 W. Jackson, Suite 900, Chicago, IL 60661
CPE Credits: 8 Hours
Registration: 8:00 a.m.
Program: 8:30 a.m. - 5:00 p.m.
Course Code: C36406

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