Cost Reduction for Value Creation

Date : 25/07/2019 (ONE-day Program) Time : 9.30 am to 4.30 pm

Venue : Productivity House, Kalamassery


In the present business scenario, the line executives who are responsible for implementing management strategies should possess basic knowledge of cost management to differentiate between what leads to value creation and what results in value destruction. They need to be motivated to perform better by giving insights to the basics of Cost Management which improve their performance as well as that of Company by enabling them to achieve the Business Goals.

Objective of this one-day workshop is to enable first line executives and those who are associated with Cost management & Control by giving practical ideas to approach and implement Cost reduction programs.  The work shop aims to discuss the cost management concepts and tools for cost control with proven examples from industries.


i)                    Cost Concepts & Cost components

ii)                  Overview of Cost Accounting and Costing Techniques

iii)                Cost Control and its relation with P&L account

iv)                 Cost management at Plant floor – Approach

v)                   Cost control thru Value creation – Lean Manufacturing concepts for improving Value Stream



v    Shri P. Binilal, PGDIM, B Tech in Industrial Engineering having more than 26 years working experience in organizations like KSPC,  O/E/N Connectors, Terumo Penpol, V-Guard Industries & Dynamic Techno medicals.  He has got Formal Training in Lean Production Systems implementation and also certified in Six Sigma Green belt. His field of expertise includes Industrial Engineering, Production, Production Planning & Control, Cost control, Lean manufacturing for Waste reduction, Six sigma for Variance reduction, Supply Chain optimization and Business Excellence Model implementation.

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