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Seminar on Material Cost Management

Background

Materials represents an important asset and is the largest single item of cost in almost every manufacturing enterprise; accordingly the success or failure of a concern may depend largely upon efficient material design, procurement process, storage, accounting, utilization and control.

Manufacturing organizations across the globe are living in the most volatile times in the history of globalized markets. Material planning and sourcing of material / components is the harbinger of costs in the value chain of the organization

Corporate exercise, embarking to achieve operational efficiency across the value chain begins with the material cost focus. The focus can be either at strategic level or operational level or both.

The procurement cost and cost of procurement can be lowered significantly only if the total life cycle cost is at optimum. Major elements of cost involved as we trace the path of procurement and conversion process have significant potential for cost optimization and saving.

Objectives

  • To help Indian industry attain global competitiveness by pursuing world class procurement policies and optimize on material usage
  • Identify various options for the industry to help eliminate redundant costs across the value chain of material sourcing and material usage
  • Various tools and techniques available for application in material cost commitment, material sourcing, procurement and usage
  • Provide a platform for sharing knowledge and success stories related to several measures available / applicable for material usage optimization 


Focus areas

  • Economics of material management
  • Concept of design impacting the material cost
  • Methodology of operations impacting the consumption pattern of materials













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Presentations Gallery Venue The Accord Metropolitan
35 G N Chetty Road
T Nagar
Chennai - 600 017
Ph: +91 44 28161000 / 43911000





For further information kindly contact
Mithun G
040 44185172
mithun.g@cii.in

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