Professional Documents
Culture Documents
Management
services.
Do spit effo
final customer a value-based product at a lesser cost, and thereby organisations will be able to manage cost, increase
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gain competitive advantage it is essential that cost management customer satisfaction and improve their profitability.
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Profitability Analysis channels and customers.
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decisions?
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addresses not just individual activities or cost centres but the entire n
up
Balanced Scorecard A vehicle to help companies translate
value chain. and implement strategy
CII - TCM
Understanding this requirement, the Confederation of Indian Industry Cells Uniqueness
The TCM Cells activities focusses on
has established the Total Cost Management (TCM) Cell to provide Cost
CII-TCM Cell, through a panel of internal & external various sectors including
Management Services to the Indian industry. experts, brings in an integrated approach to improve the
TCM Strategy for the Future cost competitiveness of the Industry. Manufacturing Services
n Engineering n IT
Total Cost Management is a company-wide n Foundry n Banking
The Cell offers a gamut of cost management services
Business Scenario – A Metamorphosis n Automobiles & Auto Ancillaries n Financial Services
systematic and structured approach, which provides a with total solution and facilitates implementation.
n Ceramics n Hospitals
Earlier Now holistic framework to control, reduce and eliminate costs, n Rubber Processing n Retail
throughout the value chain. This process of managing n Tyre
Utilisation Resource Driven Market-led
Business Process Simple Complex the financial outcome of activities encompasses all n Steel
Product Range Narrow Wide n Glass
Costs High Variable Costs High fixed Overheads operations, internal and external. For these reasons,
n Pharmaceuticals
Pricing Cost Plus Market driven
Life Cycles Long – Medium Short
TCM is one of the most powerful tools that corporations n Chemicals
Competition Local/Domestic International can wield in their quest for competitive advantage. n Food
Customers Undemanding Demanding n Paper
n Cement
n Sugar
n Textiles