Cost control and Cost reduction EASY TO UNDERSTAND

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Description: Cost control and Cost reduction EASY TO UNDERSTAND BUT HARD TO IMPLEMENT AURANGABAD CHAPTER LESS OF THEORY MORE OF CULTURE INDEX COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Basic Concepts : Cost Control and Cost reduction Influencing

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slide1. Cost control and Cost reduction EASY TO UNDERSTAND BUT HARD TO IMPLEMENT AURANGABAD CHAPTER LESS OF THEORY MORE OF CULTURE<br>
slide2. INDEX COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Basic Concepts : Cost Control and Cost reduction
Influencing factors for success of Cost control and cost reduction
Case studies
Case Analysis 1
Case Analysis 2
Case Analysis 3
Case Analysis 4
Case Analysis 5
Case Analysis 6
Case Analysis 7<br>
slide3. Basic Concepts COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Cost Control:

To maintaining the costs as per the set standards/Budget
Achieving the predetermined costs
To lay down a target, ascertain actual adherence to standards
A preventive function
Applicable to items of costs which have standards /Budget
Budgetary Control and Standard Costing Cost Reduction:

To economize the unit cost without lowering the quality of the product
Reduction of costs by finding new ways or methods
Challenge to the standards themselves
A corrective function
Applicable to every activity
Value engineering/value analysis, work study, operation research, simplification , ABC analysis, VSM, reverse Engg.<br>
slide4. Influencing factors for success of cost control and cost reduction COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Why the same techniques of CC & CR are getting success in some business and fails in others….<br>
slide5. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER<br>
slide6. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Influencing factors for success of cost control and cost reduction<br>
slide7. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Influencing factors for success of cost control and cost reduction<br>
slide8. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 1<br>
slide9. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 2<br>
slide10. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 3<br>
slide11. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 4<br>
slide12. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 5<br>
slide13. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 6<br>
slide14. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Real Case Analysis - 7 Hidden Loss of Rs 15 Lacs/Month<br>
slide15. COST CONTROL AND COST REDUCTION AURANGABAD CHAPTER Thank you….<br>