CII - Total Cost Management Division

BusinessContext

In the current disruptive business era, conventional cost accounting support is limited to cost pooling, shop floor focus and provide compliance perspective to the business.


Why Total Cost Management

Total Cost Management is a company-wide systematic and structured approach, which provides a holistic framework to control, reduce and eliminate costs, throughout the value chain. This process of managing the financial outcome of activities encompasses all operations, internal and external.

Key Benefits

Am I better than Industry?

Designing competitive strategies by understanding the relative position amongst the peers is imperative. TCM architecture has an overbearing influence on business strategy, business model designing and accelerating value chain efficiencies.

Is my profit right?

Spotting hidden profit zones in the guise of NVAs and profit drain points perpetually enhances price-cost gaps.TCM transforms the cost structure of business through cost strategy formulation, cross functional ownership and cost culture change.

Is your P & L in red?

Conventional cost accounting or contemporary cost management practices-mechanism of business process viability and product profitability through deployment of advanced cost management tools & techniques is the proven path of sustained profitability.


The concept of product cost management in TCM radically transforms the business processes on the path of viability and eventually leading to profitable products, customers and markets.

Am I balancing growth & profitability?

High growth companies are often more valued than others. If revenue and profit are disproportionate, the path and pace is on a risky path. TCM drives 360 degree growth in business in all metrics-ROCE, ROI, PBT and market share.

Thriving for Business Excellence!!

Business excellence is a confluence of several factors. The path of cost excellence provides long term sustenance to business. TCM enables twin objectives - Cost vision and cost excellence over a 3 to 5 year time line. Resource optimization, functional Strategy and efficiency in the value chain are addressed through the building blocks of cost strategy.

M Nagesh Babu
Principal Counsellor
CII-TCM DIVISION
+91 40 44185120
m.nageshbabu@cii.in tcm@cii.in
CII - Sohrabji Godrej Green Business Centre
Survey no. 64, Kothaguda Post, Near Hitech City,
R.R. District, Hyderabad - 500084
Mon - Fri 09:00 - 18:00