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ONLINE: Budgeting and Cost Control (SCM924)


    An optimised Supply Chain Process cannot be controlled without having the knowledge and practice of Budget Process and Cost Control throughout the Operations.
    This course provides theory and practical examples (business cases) of how to build and control a budget.
    After giving the fundamentals of Cost Control, the course focuses on both OPEX and Logistics, which are the main elements of Cost Control for an operational entity.

    Course Structure: 5 days, 4 hours per day
    Each day will consist of 4 hours, with 2 x 15 min. breaks.

    Course Level: Foundation
    Duration: 5 days
    Instructor: Paul Adrian

    Designed for you, if you are...

    • An actor involved in budget definition and management: Head of Department, Manager or Junior Cost Controller

    How we build your confidence

    • This course will give attendees a strong theoretical background through a solid and meticulous documentation they will be able to use in their working position as a reference.
    • The course will also make extensive use of case studies and group or individual exercises.
    • This course makes intensive use of business cases.
    • This course will be opened and closed by an on-line evaluation allowing instructor and attendees to evaluate the knowledge acquisition.

    The benefits from attending

    Upon completion of this course, participants will master the fundamentals of cost control and be able to effectively and efficiently construct a budget and ensure its execution until closure.
    Through business cases, they will study practical examples close to their activities allowing them to apply the methodology to their own department and budget.


    Cost Control FUNDAMENTALS:
    • Missions
    • 5 Processes
    • Master Data
    • Budget
    • P2P Process
    • EFC
    • Closure Works
    • Costs Reports
    • Business Case

    OPEX Cost Control: Main steps in a Field Life – Specifics of OPEX Costs Control in the Processes – Business Cases (2 parts) - Conclusion
    • OPEX Classification: Production/Transformation or Transportation costs and OPEX Measurement
    • A mandatory structure to follow the OPEX: Routine, non-Routine, Structure and other Operating Costs
    • Other attention and structuring points
    • Budget Process
    • OPEX follow-up (P2P, Closure, EFC)
    • Monthly OPEX Cost Report: Established by Cost Control, analysing and commenting actual & EFC, CF versus Budget
    • Link with PM Module

    LOGISTICS Cost Control: Specifics of Logistics Costs Control in the Processes – Business Case – Brazil Lapa Field Logistics Implementation - Conclusion
    • Classification of Resources and main points
    • Cost Accounting Structure
    • Allocation Methods
    • Budget Process
    • Costs Follow-up (Purchase to pay, P2P, Closure, EFC)
    • Logistics Reporting.




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