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.
Topics
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)