“Industry Representatives learn the effective ways of Cost Management at CII Workshop”
With an objective to develop knowledge on the techniques for effective cost management, increased profitability and to help provide participants a holistic framework to control and manage costs, CII Himachal Pradesh State Council organized a one day workshop on Total Cost Management here today at Chandigarh. “Costing cannot be cut randomly, however, it can be managed” said Mr M Nagesh Babu, Management Accountant, CII Total Cost Management Division.
During the workshop Mr Babu explained various proven effective cost saving tools such as Activity Based Costing (ABC), Activity Based Management (ABM) Target Costing (TC), Balanced Score Card etc. Apart from this, he also shared some case studies to of cost management techniques with the participants.
“Enhancing competitiveness of industry membership is one of our prime agenda and today‘s workshop is very helpful for the participants to develop the expertise of cost management” said Mr Rajiv Aggarwal, Chairman, CII Himachal Pradesh State Council during the occasion.
The workshop went off very well and was attended by around 40 senior industry representatives.
10 July 2015