Cost Congress 2010
Theme: Aligning TCM with strategic and operational cost management
17 & 18 November 2010: Hyatt Regency, Sahar, Mumbai
Programme
Day – 1- Wednesday, 17 November 2010
1000 hrs – 1130 hrs: Inaugural Session
1140 – 1230 hrs: Master Speaker Session
Introducing the Master Speaker Mr A N Raman
Member, CII TCM Working Group
Master Speaker Prof N Ravichandran
Director
Indian Institute of Management, Indore
1240 – 1330 hrs: CFO Panel Discussion on
Sustainable cost structure and current cost management maturity level
Moderator Mr K A Palia
Chairman, Cost Congress 2010 &
Executive Director (Finance), Godrej & Boyce Mfg Co Ltd
Panelist 1 Mr B Ramakrishnan
Vice Président & Head – Finance, Accounts & Admin
Larsen Toubro
Panelist 2 Mr S Raghunathan Chief Financial Officer, Dabur India
Panelist 3 Mr Venkata Ramakrishnan Vice President, TCS Limited
Panelist 4 Mr Umesh Shastry CFO, Kirloskar Brothers Limited
1330 – 1430 hrs Lunch
Technical Session – 1: 1430 – 1545 hrs
Cost Leadership Strategy
A firm pursuing a cost-leadership strategy attempts to gain a competitive advantage primarily by reducing its economic costs below its competitors.
If cost-leadership strategies can be implemented by numerous firms in an industry, or if no firms face a cost disadvantage in imitating a cost-leadership strategy, then being a cost leader does not generate a sustained competitive advantage for a firm. The ability of a valuable cost-leadership competitive strategy to generate a sustained competitive advantage depends on that strategy being exceptional and difficult to replicate.
1430 hrs Briefing & Speaker Introduction by Mr D Sundaram Session Chairman Vice Chairman &Managing Director
TVS Capital
1435 hrs Challenges in pursuing cost leadership strategy Mr Gopal Mahadevan*
Exe VP & CFO Thermax Limited
1505 hrs Embedding Sustainability into Cost Leadership Strategies Mr D M Reddy
Chief Executive Officer
Subros Limited
1535 hrs Question & Answer
1545 hrs Health Break
Technical Session – 2: 1605 – 1725 hrs
Aligning strategic cost management with business plan
The relevance of strategic cost management in contemporary business needs neither rhetoric nor reiteration. Constant striving for sustainable and profitability growth calls for interfacing the strategic cost management with the formulation and review of business plans done by the corporates.
1605 hrs Briefing & Speaker Introduction by Session Chairman Mr D M Reddy Chief Executive Officer
Subros Limited
1610 hrs Integrated cost management approach Mr S Raghunathan
to achieve strategic advantage CFO
Dabur India Limited
1640 hrs Strategic planning and cost management model Mr Anil Seth
Head – Finance & MIS
ITC Limited, PSPD
1710 hrs Question & Answer
1720 hrs Summary of Day 1 Proceedings Mr M Hariharan
Director, Savoir Faire Consultancy
1725 hrs Close & End of Day – 1
Day – 2: Thursday: 18 November 2010
Technical Session – 3: 0930 hrs – 1040 hrs
Extending TCM through Value Chain
A value chain is "the linked set of value-creating activities all the way from sourcing to sales". The basic logic behind value chain analysis is that organisations should adopt an external focus in understanding and analysing costs arising from both intra-organisation and inter-organisation processes. This requires the involvement of suppliers and customers in understanding and exploiting sources of competitive advantage embedded in their collabative processes.
As such, the management of costs needs a broad focus that includes processes external to the organisation, i.e. cost management should take a value chain perspective.
In order to achieve competitive advantage, an organisation has to create value for its customers at a cost that is perceived lower than the value created.
0930 hrs Briefing & Speaker Introduction by Mr M Hariharan
Session Chairman Director, Savoir Faire Consultancy
0935 hrs Value Chain Cost Management - Mr Arvind Khicha
Most valuable tools and lessons learnt Vice President - Commercial
Shree Cement Limited
0955 hrs Economics of Quality Mr G Sundararaman
Associate V P- Quality, JCB India
1015 hrs Question & Answer
1025 hrs Health Break
Technical Session – 4: 1045 hrs – 1200 hrs
Integration of TCM & Enterprise Risk management
With increase in scale and diversity of business, Risk management has grown increasingly complex over the years, prompting organizations to increase the depth, magnitude and reach of their risk management functions. However, an increase in risk management activities has not always resulted in more effective risk management. Recent events in India, and indeed, around the world, have revealed this vulnerability and provided a much needed “wake-up call.”
1045 hrs Briefing & Speaker Introduction by Mr Shrikant Sarpotdar
Session Chairman Executive VP – Finance & IT
JCB India Limited
1050 hrs Beyond Compliance - What ails in true Mr N Balaji
implementation of ERM today? Associate Director
Ernst &Young Pvt. Ltd.
1120 hrs ERM framework aligned with TCM CII – Total Cost Management Division
1150 hrs Question & Answer
1200 hrs Lunch
Technical Session – 5: 1300 hrs – 1410 hrs
Mining Value in Integrated data warehousing implementation
Cost management feature in integrated data warehousing provides real time visibility of performance and cost at the single point. With competition increasing pressures on the margins, corporates need accurate and detailed operational information being reported for effective business management.
The impact of information on decision making under various business contexts assumes critical importance at any stage of business evolution.
1300 hrs Briefing & Speaker Introduction by Mr M Gopalakrishnan
Session Chairman Vice President, ICWAI
1305 hrs How to gain from the integrated data Mr N Varadarajan
warehousing implementation ? Sr. General Manager - IT
Moving from rhetoric to action. Madras Cements Ltd
1330 hrs Aligning cost information with decision Mr T G Dhandapani
support system (strategic and operational) Corporate Chief Information Officer
Sundram Clayton Ltd
1400 hrs Question & Answer
1410 hrs Health Break
Technical Session - 1430 hrs – 1455 hrs
Sustainability & TCM
1430 hrs Briefing & Speaker Introduction by Session Chairman Mr A N Raman
Member, CII TCM Working Group
1435 hrs Sustainability and Cost Structure Mr K S Venkatagiri Principal Counsellor
CII – GBC
1450 hrs Question & Answer
1455 hrs Summary of Day 2 Proceedings Mr M Hariharan
Director, Savoir Faire Consultancy
Technical Session – 6: 1505 hrs – 1625 hrs
TCM Maturity Model – Status & Way Forward
1505 hrs Briefing & Speaker Introduction by Mr A N Raman
Session Chairman Member, CII TCM Working Group
1515 hrs TCM Maturity Model Study – 1 Mr K Suresh, CFO
Amararaja Batteries Limited
1545 hrs TCM Maturity Model Study – 2 Mr Ajay Palav
Head – Finance, Godrej – PED
Mr Abhay Kulkarni
Chief G M – Finance Godrej - PED
1615 hrs Question & Answer
1625 hrs Close
* Speakers Approached, Confirmations awaited