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Cost Management Tactics

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Category:

Finanzas, Auditoría y Fiscalidad

Mode: Presencial
Edition: XXVII
Start: 18/03/2022
End Registration: 18/03/2022
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Description

All companies are founded linked to the idea of benefit and the benefit is a necessary condition for the company to consolidate. In obtaining the benefit, the costs are a relevant role, but should not be avoided, but manage then.

The benefits are the backbone of any forward - looking company and they are obtained through confronting incomes and costs. In the obtaining of profits, incomes play a role, sometimes very rigid; highly competitive scenarios or falling demands are examples of how complex is for the company to generate profits from sales. When markets tighten, the only solution available to the company is acting on cost. The efficient management of costs is a task that comes from the company, covering a wide range of actions, which, in practice, generate grater manoeuvrability.

The management cost is not the exclusive task of crisis scenarios, should be the common denominator in business, whether the wind is favourable or not. As is to be integrated in the daily management and provide a continuous modus operandi.

In obtaining benefits, the rep has a fundamental role, since in the performance of his / her functions can position the products / services in the market so they can generate sales, however, sales are necessary but not sufficient; sales have to create value.

Therefore, the company that wants to ensure its survival, will have to optimize its cost structure and develop a strategy to improve the relation resources / profitability.

Information

Goals and Student Profile

Goals

  • After completing the course the participant will be able to:
  • Understand how variables depend on the benefit and which specifically affect them more sensitive to it.
  • Understand the tactics that promote the benefits.
  • Assess the significance that has trade policies from the economic point of view.
  • Try the cost as a means to an end: the creation of value in exploitation.

Student Profile

ENAE Business School is very conscious of the fact that every teaching institution is built by all and must be very careful about participant selection right from the very start by analysing their CV, qualification certificates, admission exam and through a personal interview of the student by the program director. Depending on the program, ENAE Business School carries out tests to evaluate language competence.

Most of our students come from the business world about 80% of ENAE’s students are graduate professionals and executives who wish to update their knowledge and improve their skills. These students come from different academic backgrounds mostly engeneering, business, law, economics, communication and humanities.

We encourage young and talented graduates with entrepreneur spirit to be involved in our programs as a fast track to achieve their goals in the business World.

Curriculum

PROFIT AS MOTOR OF THE COMPANY

  1. Concept of economic benefit
  2. The benefit messages from the economic perspective
  3. The value of the benefit from a financial perspective
  4. The strategic steps of the income statement

CONCEPT OF COST AND EXPENSE.

TYPES OF COSTS AND ROLE IN THE GENERATION OF BENEFIT.

  1. Classes of cost and impact from an economic perspective
  2. Defensive role of cost in generating benefit

UTILITIES OF COST ACCOUNTING

  1. Relevant information
  2. General Process for the determination of the cost
  3. Components of the industrial cost
  4. Cost structure

ESTIMATED BENEFIT: FUNDAMENTAL EQUATION

  1. Short term evolution of sales and associated cost
  2. Mathematic breakeven

CONCEPT OF CONTRIBUTION MARGIN AND ITS APPLICATION TO ECONOMIC TACTICS

  1. Concepts of unitary variable cost and fix unitary cost.
  2. Performance depending on the activity of unitary cost
  3. Unitary contribution margin

WITHOUT REDUCING COSTS, HOW TO SHAVE THE BALANCE POINT

  1. Optimization of costs in the economic framework
  2. Operational flexibility

COST MANAGEMETN TACTICS

  1. Tactics based on the outsourcing / integration
  2. Relevant information and short term decisions.

ECONOMIC ANALYSIS OF THE FAMILY OF PRODUCTS / SERVICES

  1. Fundamentals of cost models
  2. Concept  of cost inductor
  3. Traditional methods: by department
  4. Modern method: Activity Based Costing (ABC)

Faculty

MONTES GAYTON, GLORIA
Degree in Industrial Engineering, Technical School of Industrial Engineers of Madrid. MBA, Institute of Financial Studies. Degree in Industrial Equipment Maintenance, School of Industrial Organization.
More details
Gloria Montes Gayton has more than twenty years of experience providing education and training in economic and financial management for companies such as Endesa, Repsol, Mondragón Corporación Cooperativa, Alcatel, Tabacalera, Grupo INI, Telyco, Industria de Turbo Propulsores (ITP), SEPI, Dragados y Construcciones, CEPSA, Gas Natural, Agencia EFE, as well as training on Risk Management for financial entities such as Caja Madrid, CAIXA, BBV, BCH, Caja Laboral, Caja Murcia, Caja de Ahorros de la Inmaculada, Caja de Ahorros del Mediterráneo. At the same time, she is a professor of master programs Degree at institutions such as ENAE, ESIC (Financial Management), ICADE, IADE, EUROFORUM, School of Economy of Madrid, School of Industrial Organization, Superior School of Business, Business School of Jerez and Executives Institute. From 1995 to 1998 she coordinated the assessment of the projects submitted as part of the Miner Plan in the frame of the Program for the Restructuration of the Coal Mining Areas. She is the author of books such as Cómo realizar un estudio de mercado (How to conduct market research), Manual Práctico para Pymes (Practical Manual for SMEs) and has written other articles about business management and finances.

Specified time period and Place

Metodology

  • Theoretical presentations alternated with practical exposure so as to see their relationship with results in business. The interrelation between theory and practice is a methodology in which students must be involved. This methodological issue will be used for both business executives and professionals, and for recent graduates who want to join the same course.
  • Several case studies are sent from those that companies have been facing in real life for students, with the relevant knowledge acquired, to do the analysis between the different lines of action that may arise and choose the one considered more realistic and adjusted to the case. The student should become accustomed to making decisions and understand the implications of them.
  • Case studies and readings will be sent to participants through the virtual campus. At the same time chat forums or debate centres may be created on campus or virtual in which the views of the participants will be contrasted. . These tools will be used by the students to contrast their different points of view.
  • Virtual Campus is a tool that allows a much more fluid relationship between students and teachers at personal and on line level.
  • Teaching the course will take into account how the student intends to apply the knowledge acquired to the final project at the end of the Master.

Terms of Payment and Scholarships

Are you interested? Obtain the following benefits:

Price: 390 €

ENAE Business School offers the following discounts:

Partner companies of FUERM, their workers, and the members of Asociacion de Antiguos Alumnos of ENAE Business School will obtain a 10% of discount.

See if your company is a member of FUERM and ENAE

Scholarships

If the amount of the program is paid by your company through the credit offered by the Tripartite Foundation you may recover all or part of the amount of the program in ENAE Business School, discounting the amount to be credited for the payment of social insurance.

Part of the amount paid of our training programs, in-person and In Company, could be recovered through the Tripartite Foundation (only Spanish companies).

Ask us for more information. We make the process for obtaining the discounts to all those students who request it, at no additional cost to your training.

Admission Process

This program is part of a Master that has limited availability. Taking this course will provide you great oportunities for expanding your professional networks. Final admission decision is reserved to ENAE Business School on the basis of prerequisites established for the course, room availability and specific group profile required.

FACULTY

PROG-FI-GETION-TACTICA-XXVII
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