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Home > Management Programmes - Certificate Courses

Material cost optimization system design


To learn the tools & techniques for applying to optimize Material cost to improve Material to sales ratio (MS Ratio)

Learning Outcome
  1. Material wastage area identification
  2. Improvement Projects
  3. Available technology for material optimization
  4. Material accounting system
Course Outline
  1. Types and sources of material wastages
  2. Quantification of profit leakage
  3. Available technology for material optimization
  4. Role of new development process that effects material efficiency
  5. How to make people accountable for material consumption
  6. How to carry out cost benefit analysis
  7. Performance tracking of material consumption (KPIs)
  8. Technical session - Advanced material optimization technology in manufacturing
Who Should Attend?
  • R&D, Product Development, Quality, Manufacturing, Engineering, Store, SCM, Procurement, Maintenance, Quality Assurance.
  • People from the Tool Room.
  • Process Engineers from shop floor.
  • Machine Manufacturers.
  • People who are involved in machinery Accessories, Equipment and Ancillaries.

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