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Reducing and Controlling Costs with Cost-Containment Strategies

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Seminar #4590
April 12 - 13, 2012
San Diego, CA

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Overview

Contribute to your organization's competitive edge by learning creative paths that reduce or eliminate costs. Gain a deeper understanding of cost concepts, cost issues and cost drivers while applying analytical tools that get results.

Please Bring a Calculator.

Who Should Attend

Purchasing and supply management professionals as well as other sourcing team members, including cost analysts, engineers, and quality professionals, striving to enhance their organizations' competitiveness. Team attendance is encouraged.

You Will Learn...
  • Taking cost/price analysis further for long-term cost-competitiveness
  • Analytical tools to understand cost drivers
  • Techniques for multi-firm process mapping
  • Activity-based costing between organizations
  • Approaches to compressing time, and therefore costs
  • Creating ways for containing costs
  • Setting cost-containment goals with suppliers
You Will Earn...

14 continuing education hours
Course Outline
  1. Understanding cost concepts; Traditional cost concepts; Life cycle cost; Total cost of ownership; Activity-based cost; Target cost; Cost of quality
  2. Understanding cost issues; Cost relationships; Cost accounting principles; Time value of money; Holding cost; Transaction cost
  3. Applying analytical tools; Traditional cost and price analysis; Activity-based costing; Break-even analysis; Value analysis; Inventory analysis
  4. Identifying cost drivers; Systems and strategies; How cost strategies fit into the corporate strategy; Structure and processes; Policies and procedures; Contract administration; Terms and conditions; Design and specifications; Activity-based costing between organizations
  5. Process mapping to uncover drivers and remove time; Mapping across organizations; Benchmarking; Value chain management; Cycle time reduction
  6. Creative paths to reducing or removing cost: Outsourcing; Networking; Long-term contracts
  7. Applying concepts to supplier relationships; Strategic cost containment; Activity-based management; Efficiency teams; Quality improvement; Process reengineering; Supplier certification; Early involvement; Cost management goal setting

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Hotel Information

Courtyard San Diego Downtown
530 Broadway Street
San Diego, CA 92101
619/446-3000

The discounted room rate of $159.00 (USD) single/double is available until March 13, 2012. Be sure to mention ISM to receive the ISM discounted rate.

Room with the king bed: Courtyard San Diego Downtown
Room with two queen beds: Courtyard San Diego Downtown

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In order to ensure maximum participation interaction and learning, enrollment is limited. Save $200 USD and ensure your spot in the classroom when you register 30 days or more prior to the program start date (not applicable to One-Day programs)

Seminar Hours:
2-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:00 p.m.

3-Day Seminars
First Day: 8:30 a.m. - 4:30 p.m.
Second Day: 8:30 a.m. - 4:30 p.m.
Third Day: 8:30 a.m. - 4:00 p.m.

One-Day Seminars:       8:30 a.m. - 4:30 p.m.

Please be sure to read all Seminar Registration Information prior to registering for a course.

If this scheduled date for this seminar does not meet your needs, you can search for other available seminars.

Seminar #4590 Regular Price Member Price
Cost: $1,699.00 $1,399.00
Total: $1,699.00 $1,399.00
Save $300.00 (18%) by joining ISM. Click here to join now.

This item cannot be added to your cart. Please contact Customer Service for more information.
* Save USD $200 when you register 30 days or more prior to the program start date (not applicable to One-Day programs). Payment must be received at the time of registration in order to qualify for the early bird discount.