F-SS008 Operational Planning & Industrial

F-SS008 Operational Planning & Industrial 2019-02-28T11:18:40+00:00

Project Description

This course is for those who wish to enhance the way of how their company’s reality is represented and how this new reality contributes to the better management of the company. It is ideal for top to middle managers or even new employees who may, in the course of their normal duties, be called upon to take up a position in their company’s decision making process. Alternatively, the course would suit anyone within the company who wishes to understand the principles of how to select the right information for the right purpose.

Why attend

Today operating environment is defined with one word: Volatility; a state of economy where many operating parameters of a company (raw materials, sales price and quantities, profit margins, regulations, energy cost, etc.) change at great speed.

Volatility of the main factors applied in the complex environment a company operates in today (production of many different items, many business units with diversified products, many plants in different geographical areas) creates the feeling of uncertainty about where the company stands, what has to be done (decisions to be taken) and what can be the possible impact of such a decision.

Furthermore, this stressful environment creates difficulties in the actual generation of decisions, even if these decisions are absolute important for the survival and prosperity of the company. Even if Top Management possesses the decisive willingness to play its coordinational and decisional role, even if the required analytical data exist the synthesis model and tools which will give an image of the reality along with the related consensus of the involved departments, is missing.

Course Objectives

By the end of the course, participants will be able to:

    • Understanding the real cost of a product or service without assumptions and simplification averages compared to the budgeted cost of this product
    • Understanding the importance of timely produced financial results
    • Planning the operations of the company and being able to check the outcomes of this plan
    • To understand the resilience and the impact to the Company if various parameters (raw material price, sales price or quantity, production, productivity, expenses, etc.) change
    • To understand the strong and the weak points of the company, as well as the cost and benefit of such strong or weak points.

Who should attend

This course is ideal for either managers who are or may be involved in any level of decision making or employees who may, in the course of their normal duties, be called upon to take up a position in this decision making process. Alternatively, the course would suit anyone within the company who wishes to understand the principles of Industrial Costing & Operational Planning.

Course Outline

  • Basic Costing Principles

    Fixed Cost – Variable Cost – Depreciation – Cost Elements in a Costing Process

    Industrial Cost Calculations

    Source of information – Collection of required data  – Importance of producing recipe – Cost Calculation (Examples) – Importance of Value Added – Production Cost vs. Sales Cost

    Definition of Operational Plan

    What is an Operational Plan – How an Operational plan is constructed – Who should develop and who should use an Operational Plan

    Operational Scenarios

    Uses of an Operational Plan – Scenarios – Effect of a change in a cost element

    Operational Planning as a Control Mechanism

    Types of information to control – Roles & Responsibilities

    Application of results to improve company functions  

The workshop

This interactive training course includes the following training methodologies as presented on the next column based on percentage of the total tuition hours:

Lectures

30%

Workshops & Work presentation

30%

Case Studies & Practical Exercises

20%

Videos, Sofware & General Discussion

20%

The course instructor may modify the above training methodology before or during the course for technical reasons with no prior notice to participants.

Falcon Consulting Professionals is established in Greece for the last 15 years in the areas of technical consulting and professional training for the local industries. Falcon is expanding in GCC, aiming to provide the best consulting and training solutions to the industries of the region. Falcon’s instructors are accredited trainers and highly experienced in their fields, as well as adult training. We aspire to build our business relationships on mutual trust. The achievement of results with an emphasis on innovation and sustainability, quality, cost analysis and time scheduling are non-negotiable from the conceptual phase of the training.

Project Details

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