Event Details
Event Description
 

Dear Sir / Madam,

 Madras Management Association – Konrad Adenauer Stiftung

Presents One Day Workshop on

"Cost Control Techniques to improve the bottom line during recessionary period

Date
3rdMarch 2020

Timing
09.30 am to 5.00 pm

 Facilitator   
Mr. N SWAYAMBHU

SCM Consultant

 

Venue   
Madras Management Association   
New 240, Pathari Road, (Off Anna Salai)   
Chennai – 600 006  

 

Overview:

In today's Competitive Market Environment it is essential to focus on all the areas that could result in Cost saving for the organisation and make our products more and more competitive without compromising on Quality or service. Since materials contribute to around 50 to 60% of the spend in most organisations focussing on this crucial area will result in better cost saving than in other areas. It is also spread over various areas in the SCM ambit like Procurement, Inventory, packaging, logistics etc. the scope for cost control is much available and hence better Management will easily result in bigger gains to the organisation there by increasing the Profitability and market share due to better competitive products that could be made available to the customers bring 'Delight" in them. We could easily focus first on the Low Hanging fruits to offset the drop in bottom line during the recession.

Content:

o    Introduction to Materials Management as a Profit centre

 

o    Cost Reduction through Strategic Sourcing 

o    Cost Reduction through Vendor negotiations

o    Standardisation and Variety Reduction

o    Cost reduction through better Inventory Management 

o   Cost reduction through better Vendor Development 

o   Cost reduction through better Logistic Management 

o    Costreduction through use of IT technology and Information flow ERP etc.

o    Cost reduction through Value Engineering and Value Analysis 

o   Costreduction through better Supplier Relations Management ( SRM) 

Methodology:

Training would be conducted through interactive class room sessions using PPT, case study analysis, experiential role plays, activity charts and other relevant props.

For Whom: 

o   Operating Heads 

 

o   Heads of Departments

 

 

o   Managers-Purchasing and SCM executives,

 

o   Finance managers and executives

 

 

o   Logistics Managers

 

o   Consultants from all functional areas.

Key Takeaways:  

At the end of the workshop, participants will be able to:

·   Be aware of the changed role of SCM Managers with clear knowledge of Cost control Management Principles and Techniques

 

·         Apply effective Cost control techniques 

 

 

·        Ensure they identify wastes in all areas and make the function as Lean as possible 

 

·         Play a crucial role in setting various Cost reduction targets with Mile stones and regularly follow up for achievement.

 

 

·         Look at various sustainability options during the current severe recession by better Cost Control techniques deployment. 

Facilitator Profile: 

Mr N Swayambhu, SCM Consultant, has an experience of over three decades in SCM functions in Corporate Manufacturing Industries and has trained many SCM Professionals to effectively manage and optimize their Vendor Base. He is a Mechanical Engineer from Guindy Engineering and has done Post Graduate Diploma in Materials Management. Has been a guide to several students of SCM Courses and also supported Doctoral research in SCM. Has a hand on experience in working with Corporates and MSMEs to identify their weak areas and help in bridging the same for overall improvement. He is currently the Immediate Past Chairman of Indian Institute of Materials Management and has conducted several workshops for Management forums like IIMM, MMA, and CII etc.

Fee Details: 

Members of MMA:  Rs. 2,000/- inclusive of GST 18%

For Non-Members:  Rs. 2,950/- inclusive of GST 18%

 

The fee includes Workshop Kit, Lunch & 2 Time Refreshments.

 

The cheque/DD to be drawn in favour of "Madras Management Association” payable at Chennai and be sent to:

Madras Management Association MMA Management Center, New No.240, Pathari Road (Off Anna Salai), Chennai 600 006.

 

GST: 33AAATM5522B1Z7

 

Please Note:

 

It may be appreciated that a minimum number of 10 participants would be required for the programme to go through. Kindly bear with us until we receive the necessary nominations for confirmation of the programme and making the payment

Please do not use the default"reply” button to respond to this mail as this is an Automated Software; we request you to send your nomination at the earliest to this mail;

training@mmachennai.org

Phone: 044-2829 1133

For further details contact:

 

Gp Capt Dr R Venkataraman (Retd) Mobile 94447 00068

Sriram Saravanan: 9952019173

 

Registration starts at 9.00 am and Workshop commences at 09.30 am. Prior registration is necessary. The fee once paid will not be refunded; change in nomination from same organization will be permitted.

 

We would be pleased to provide any other information required by you and look forward to receiving your nominations for the workshop. 

 

Thanks & Regards 

 

Gp Capt R Vijayakumar (Retd), VSM  
Executive Director  
Madras Management Association  
MMA Management Center, New No 240  
Pathari Road (Off Anna Salai)  
Chennai – 600 006  
Tel: 044-28291133/48632711 

E-mail: training@mmachennai.org 

Facebook: facebook.com/mmachennai

Instagram: instagram.com/mmachennai

YouTube: youtube.com/c/MadrasManagementAssociationChennai  

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Twitter: twitter.com/mma_4u

LinkedIn: linkedin.com/in/madras-management-association

Website: www.mmachennai.org

 
Date : 03-03-2020
Time : 09:30 AM - 05:00 PM

Contact Person : Sriram Saravanan

Contact No : 04448632711

E-mail : mma@mmachennai.org