Cost Excellence is achieved by measuring and managing costs consistently. Cost information systems designed with the clarity of purpose,  fulfill the business needs of decision support  and control. and the compliance needs of Cost Accounting Record Rules and Cost Audit Report Rules.

We have pioneered innovative Cost Measurement and Cost Management methodologies and models -  Input Based Costing © for Continuous process industries, 4D Quadrant for Managing Customers for Profit ©, 4D Grid for Project Cost and Schedule Management ©, 4 D Grid of Capacity Planning © and Journey of Cost Excellence © to ensure sustainable Cost Advantage.

Under the umbrella of Cost Excellence we provide the following services:

Diagnostics of Adequacy of Cost Information System

Enabling Cost Visibility:

  • Design of Cost Information System to meet Decision Support, Control (Stability) and Statutory Requirements of Cost Accounting.
  • Cost Estimation for RFQ, Tendering and Pricing
  • Cost Tables to Enable New Product Development

Enabling Operational Excellence

  • Quantification of Financial Impact of Improvement (Savoir faireQ2 Model ©)
  • Maturity Path of Cost of Quality
  • Earned Value Management and 4 D Grid of Project Cost and Schedule Management © for effective Project Cost Management

Enabling Strategic Initiatives

  • Target Costing integrated with Quality Function Deployment for New Product Development
  • 4 D Quadrant for Managing Customers for Profit © - Design of Cost Methodologies to enable Customer/Segment Selection, Retention  and Performance
  • 4 D Grid of Capacity Planning  © to enable Capacity Decisions
  • Life Cycle Cost Management to enable long term profitable investments

Journey of Cost Excellence ©

Any sustainable growth goes through three stages of Steady State, Delta Change and Quantum Leap. Journey of Cost Excellence too has to traverse these stages. The three stages are Cost Control, Cost Reduction and Cost Management.

Control is conformance to plan; Reduction is questioning the plan itself. Cost Management is any cost improvement that creates and sustains value for the customer better than the competitor. Cost Excellence is attained if the organisation follows a methodical approach to attain these three stages of sustainable journey. Journey of Cost Excellence provides a sustainable methodology to achieve Cost Excellence involving various levels of the organisation.

Featured Articles

Aligning Various Improvement Initiatives

According to Abraham Harold Maslow, if the only tool you have is a hammer, you tend to see every problem as a nail.

Forthcoming Events

Training Videos

From Modern Management to Lean Management

Lean Summit 2008 - Jim Womack - What changes as you move from modern management to lean management?

Toyota Executive on Lean Management

Toyota Executive speaks on Lean Management.