Sreehari Chava Invention An invention refers to a completely unique function that may lead to a radical breakthrough Inventions Discoveries and Evolutions keep moving hand in hand Sreehari ID: 1018670
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1. Inventing Cost SenseCMA Dr. Sreehari Chava
2. InventionAn invention refers to a completely unique function that may lead to a radical breakthrough. Inventions, Discoveries, and Evolutions keep moving hand in hand.Sreehari
3. CostSreehariMultiple synonyms apart, the sacred word Cost has come to reflect a Benevolent Resource that can Create Value and link together a Value Chain. Cost symbolizes energy that is being converted from one form into the other. Cost keeps on creating value at each and every stage of conversion. As Energy never perishes, so does the Cost.
4. 3 E SensorSreehari1. Economy: Benefits > Costs2. Efficiency: Zero Wastage 3. Equitability: Fair Management
5. The 4 way TestOf the Resources, we Deploy and Utilise:1. Will the Activity BETTER the Revenue Management?2. Will the Activity PROPEL Capability Engineering?3. Will the Activity FOSTER Cost Synergy?4. Will the Activity ELEVATE the Brand Positioning?Sreehari
6. Revenue ManagementThe term Revenue Management refers to all those measures that are adopted by an enterprise in pursuit of augmenting the revenue inflows from the existing pool of resources. The term is broad enough to include revenue maximisation measures across various streams as also control measures that arrest revenue leakages. Sreehari
7. Demonstrative Methods of RMSreehari
8. Examples of RM1. Apple earns its pie through Product Differentiation2. Wal-Mart pulls off its growth through Price Perfection3. International production, trade and investments are increasingly organised within d Global Value Chains4. Airlines make billions through Ancillary RevenueSreehari
9. Capability EngineeringSreehari. The term Capability Engineering refers to rediscovering the hidden potential of the existing resources with a view to optimise the outputs. The perception of Capability Engineering, thus, implies not only making full use of the existing infra, but also drawing full potential out of it.
10. Avenues of Capability EngineeringSreehari
11. The Story of Indian RailwaysSreehari. The multipronged improvements, the performance of the Indian Railways, over the years, corroborate the fruitful outcome of the Capability Engineering initiatives in relation to the technological up-gradation, modernization, and effective utilization of the infrastructure resources and human capital.
12. Cost SynergySreehari. Cost Synergy is conceived to reflect the Synergic Impact arising from the chain of Cost Management Activities carried out during the course of Value Addition. Cost Synergy may broadly be classified into:1. Merge Synergy2. System Synergy3. Compliance Synergy
13. Techniques of Cost SynergySreehari
14. Examples of Cost Synergy1. McDonald's Cost Leadership Strategy2. Cost per Touch from IKEA3. Right Sizing the Manpower4. Negative Working Capital Sreehari
15. Brand PositioningSreehari. Brand is the unique output that keeps stakeholders bonded to the enterprise. Brand positioning refers to the strategic ranking awarded to the entity by the stake holders. In other words, Brand Positioning reveals the superiority of the enterprise over its competitors.
16. Scope of Brand Positioning Sreehari
17. Brand holds the PowerSreehari.
18. Cost ContainmentSreehari. Cost containment is the business practice of maintaining expense levels to prevent unnecessary spending or thoughtfully reducing expenses to improve profitability without long-term damage to the enterprise. Containing costs can be successfully achieved by following an organized and strategic, but practical approach by adapting the following four steps:Assessment AnalysisTime FrameAction Plan
19. Full Cost ManagementSreehari. The latest phase of evolution of the Cost Accounting is the modern phase which we have been experiencing in the 21stcentury wherein Full Cost approach is gaining edge. It is a satellite phase that is destined to extend the sphere of cost accounting to new origins. Invention of Life Cycle Costing has provided a broader perception to the cost sense. The advent of Triple Bottom Line (TBL) has opened up new vistas. Socio Economic Cost Benefit analysis (SECBA) is being carried out widely. Full Cost Management is turning out to be the order of the day.
20. 7 C Exercise Sreehari ? ? ? ? ? ? ? Identify 7 avenues for containing Costs!
21. Cost SenseSreehari. It is a Sensible Idea that germinates the inkling for an invention, discovery or innovation which in turn leads to the evolution of a new order. It is a Sensible Idea that can lead to a whole lot of difference which in other words may be referred to as “Cost Sense” …. And, Cost Sense fosters Cost Leadership!
22. Prop-upsSreehari. Revenue Leads the WayCapability provides the Competitive PunchCost is the ComptrollerBrand builds the ValueCMA Monitors the TrackCost Sense is an Opportunity
23. A Dream to be True !SreehariDr. Kalam announcs, “CMA craft has just landed on Mars; Unfasten, Step Out, and Take Over”.
24. InteractionSreehari
25. Thank YouSreehariJai Hind!