Fmcg Product Costing
Product costing is a critical aspect of financial management within the FMCG sector. It involves determining the total cost incurred in producing a product, which includes direct costs like raw materials and labour, as well as indirect costs such as overheads and depreciation. Accurate product costing helps businesses set competitive prices, manage expenses, and make informed financial decisions.
The primary objective of this training program is to provide participants with a thorough understanding of FMCG product costing, such as identifying cost components, applying advanced costing techniques, and utilizing costing data for strategic business decisions to enhance profitability.
This training program is designed for, Financial Managers and Analysts, Cost Accountants, Supply Chain Managers, Procurement Officers, Product Managers and Any other professionals involved in costing and financial decision-making within the FMCG sector
Each module incorporates a mix of interactive workshops, role-playing exercises, case studies, and group discussions. Additionally, real-life scenarios and simulations are used to give participants hands-on experience in applying the skills they learn.
DAY 1
• Session 1: Introduction to FMCG Product Costing
• Session 2: Cost Components in FMCG
• Session 3: Costing Methods
DAY 2
• Session 4: Marginal Costing and CVP Analysis
• Session 5: Advanced Cost Analysis Techniques
• Session 6: Integrating Costing into Business Strategy
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