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Managing Costs for Future Growth

By: Nigerian Institute of Management (Chartered)

Kano State, Nigeria

23 - 27 Mar, 2015  5 days

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Poor understanding of cost drivers, cost profiles and what leads to margin contribution has left many organizations arbitrarily cutting costs. Often, cost cutting activities were indiscriminate and risked compromising future growth. This course will expose participants to the differences between cost cutting which could stifle an organization, and cost optimization which leads to growth and sustainability.

CONTENT

  • Cost Classifications
  • Implications of Cost Behaviour on Profitability
  • Developing an Expense Forecast
  • Analysis of Expense Budget Variances
  • Minimizing Inventory and Materials
  • Zero Based Budgeting for Costs
  • Partnering with HR to Manage Staff Costs
  • Negotiating Effectively with Suppliers

Who Should Attend

Finance supervisors, Managers and Administrators who are under pressure to control and estimate expenses, as well as all finance professionals who need a solid understanding of how to implement an effective expense control strategy

NIM Management Centre, 79, Club Road, (Near Customs Area Office) Bompai, Kano Kano State. Mar 23 - 27 Mar, 2015
Members - NGN105,000.00, Non members - NGN115,000.00
(Convert Currency)

064 -959262, 08052597230