Factoring cost competitiveness into business and unlocking the value creating potential calls for higher level maturity in cost management. This is more so in a dynamic and fast changing world today that is best described by VUCA – a term coined by the US Army War College. VUCA stands for – Volatility, Uncertainty, Complexity and Ambiguity.
The CII TCM Division was formed with the objective of enhancing the cost competitiveness of the Indian Industry. It has pioneered a world class rating mechanism – “CII TCM Maturity Model.” The model rates the level of maturity of cost in 5 hierarchical levels for the benefit of mid-size and larger organizations.
The publication presents a compendium of experiences by 3 Indian companies – Tata Motors, Godrej & Boyce and Kirloskar Brothers – with the CII maturity model rating. A first-hand account of their interaction with the model, evaluation process and their perspective is detailed.
The Case Study Compendium was released during the Cost Congress 2013 organized by CII on 27-28 November, 2013 at New Delhi.