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Cost Congress 2011

Theme : Driving sustainable growth through total cost management in volatile global environment
8 - 9 December 2011; The Taj West End, Bengaluru

Background

Traditionally, the bottom line of Indian Industry is governed by confluence of external factors which frequently fluctuate for numerous reasons. The thrust of Indian business has been on commodities which are inherently volatile, characterized by shifting values, risks and opportunities.
Predicting cost of products or services is an enormous challenge for organisations operating in business environment subjected to "commodity price volatility". Long run dynamics of commodity price fluctuation needs to be monitored and managed effectively through improved process maturity.

Traditional product cost structures ignore the high fluctuations expected to impact the raw material pricing structure and thereby the bottomline. In the emerging competitive market, industries need insights into the predictive product cost structure with forecasted commodity prices. 

After scanning through the economic scenario CII TCM division is planning to the theme their flagship event "Cost Congress 2011" with TCM & Volatility of commodity prices and its impact on product profit. Luminaries from research, industry and corporate heads would address the theme in various sessions to enrich the financial stream with solutions and case studies to address volatility in industry.

Objectives

  • Evolve and standadize best practices of TCM across the sectors in the industry.
  • Provide a forum for sharing best practices by the industry and domain experts.

Focus Area

  • Inflationary trends and TCM
  • Mitigating volatility through cost management
  • Enhancing sustained competitiveness through TCM
  • Disruptive innovation in cost management
  • Regulatory Landscape enabling cost management
  • Capacity building for managing cost
  • Leveraging IT for cost management
  • TCM Maturity Model - Experiences sharing in the journey of TCM evaluation

Uniqueness

  • The only platform in the world for sharing best practices / Successful case studies / Emerging trends in TCM
  • Unique opportuinity for networking with global renowned Cost Management Experts

Track record

Previous events

  • Evolved tremendous interest in both, among stake holders and eminent personalities across the globe
  • Dr Robert Kaplan, Mr Peter Turney, Prof Vijay Govindarajan, Dr Bala Gopalakrishnan USA and Mr Jerald D O'Dwyer addressed the conference
  • Best practiecs of TCM by blue chip companies were shared in podium

Who should Attend

  • CEO / COO / CFO
  • Team leaders across the functional disciplines
    1. Finance / Operations / Marketing / Logistics / Supply Chain / R & D / Procurement
  • Practicing Cost Management & Financial consultants
  • Management Graduates from business schools
  • To derive optimum benefits from the event, reprsentation from both financial and non financial departments is solicited

Maturity Model Journey

CII has conceptualized and operationalized TCM Maturity Model which calibrates and rates the maturity of cost management system of an organization in five hierarchial levels

It is first of its kind in the world

More than 20 companies like Godrej & Boyce Mfg., co., Ltd., JCB India Ltd., Amararaja Batteries Ltd., Kirloskar Brothers Ltd. have participated in the rating mechanism.

Rated companies could synergize the link between higher trajectory in cost management and executing strategies which are cost based.


Take away

This conference enlightens and brings in concept and operational clarity on the following:

  • Ways and means to achieve effective and robust cost structure
  • Inculcating cost culture, cost consciousness and cost discipline in an organisation
  • Bringing in responsibility in cost ownership
  • Viewing cost as strategy in th broad level
  • Identifying drivers of cost across the value chain

Spectrum of Sectors

  • Manufacturing and Service Sectors including Service Sectors including IT & ITES
  • Government including Public Sector
  • Financial Institutions / Services
  • Infrastructure Industry
  • Educational Institutions / SMEs
  • Others







Events Home Event Speakers Downloads

» Brochure
» Theme Paper
» Programme

Presentations Venue

The Taj West End

Race Course Road

Banglore - 560 001




Supporters

Platinum Sponsor


TATA Steel Ltd

Gold Sponsor


Godrej logo

JCB





For more details, please contact
Mithun G
+91 40 4418 5172
mithun.g@cii.in

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