|
PRODUCT COSTING Training
|
ARE YOU EXPERIENCING ANY OF THESE CHALLENGES?
|
| • |
Need more clarity on the "details" of how money
is made and lost in your organization? |
| • |
Wish you had solid, objective data for the
decision making process? |
| • |
Process improvement efforts don't seem to
be generating the cost savings you had expected? |
| • |
Need a better understanding of the financial
impacts of your decisions? |
| • |
Need more timely performance information,
rather than waiting for month-end or year-end financials? |
| • |
Want to be more proactive at addressing
waste for more immediate cost savings? |
…If the answer is "Yes,"
then MMEC's Product Costing
training may be what you need.
PREREQUISITE: Basic
math skills.
COURSE DESCRIPTION:
This course teaches manufacturing
managers about a better, more-effective way to analyze and manage
the costs associated with producing a product. Traditional methods
of financial management provide a big-picture, longer-term view
of operation costs, but do little to contribute to day-to-day operation
decisions. Participants in this course will learn how every activity
associated with producing a product has a corresponding, definable
cost which can be monitored and managed for greater profitability.
The course will explore how to go beyond traditional accounting
costs (overhead, direct/indirect labor, materials) by measuring
the costs associated with detailed activities and how they consume
varying degrees of overhead, labor and materials. Participants will
learn how activity-based costing can clearly pinpoint trouble spots
by product or department and focus cost-based decisions on day-to-day
improvement efforts.
LEARN HOW TO:
| • |
Identify and isolate the activity
centers associated with a specific product or service. |
| • |
Assign costs to various activities based
on their consumption of overhead, labor and materials. |
| • |
Recognize that similar activities associated
with different products consume varying levels of resources. |
| • |
Recognize opportunities for process improvement
by targeting resource-heavy (costly) activities. |
| • |
Monitor department efficiency using activity-based
costing performance measures. |
| • |
Make better product decisions based on a
complete understanding of relative product costs. |
| • |
Provide departments with information to
guide their day-today product/process decisions. |
WHO SHOULD PARTICIPATE: Company
owners and business/financial managers.
COURSE LENGTH & FORMAT:
4 Hours; classroom presentation, case studies,
discussion, and Q&A.
CLASS SIZE GUIDELINES:
Public Event: 10 minimum
Private Company Event: Variable (depending on company demand)
Return
to MMEC Training Course List
ADDITIONAL INFO
Contact
MMEC Field Engineer
Training Fee Guidelines
Supplemental
Online Training
Return to MMEC
Training Central
|
