Strategic Cost Management & Performance evaluation -I

I Introduction to Strategic Cost Management
(i)Concept of Strategic Cost Management
(ii)Limitations of Traditional Cost Management
(iii)Traditional vs. Strategic Cost Management

Modern Business Environment
(i)Introduction/ Characteristics of the Modern Business Environment
(ii)Cost of Quality, Total Quality Management, Business Excellence Model
(iii)Throughput Accounting and Theory of Constraints
(iv)Supply Chain Management (SCM)
(v)Gain Sharing Arrangements

II Lean System and Innovation
(i)Introduction to Lean System
a)Just-in-Time (JIT)
b)Kaizen Costing
c)5 Ss
d)Total Productive Maintenance (TPM)
e)Cellular Manufacturing/ One-
Piece Flow Production Systems
f)Six Sigma (SS)
(ii)Introduction to Process Innovation and Business Process Re-engineering (BPR)
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II Cost Management Techniques
(i)Cost Control/ Waste Control, Cost Reduction
(ii)Target Costing
(iii)Value Analysis/ Value Engineering
(iv)Pareto Analysis
(v)Life Cycle Costing
(vi)Environmental
Management Accounting
Cost Management for Specific Sectors
(i)Agricultural Sector
(ii)Information Technology Sector
(iii)Power Sector

IV Decision Making
(i)Decision Making using CVP Analysis
(ii)Decision Making using Relevant Cost Concepts
(iii)Decision Making using Activity Based Costing
(iv)Ethical and Non-Financial Considerations Relevant to Decision Making

V Pricing Strategies/ Decisions
(i)Theory & Principles of Product Pricing
(ii)Pricing – New Product, Finished Products & Pricing of Services
(iii)Sensitivity Analysis in Pricing Decisions
(iv)Pricing Decision under Special Circumstances
(v)Pricing Strategies