Learn How to Improve Your Costing Process at New FIA Workshop
Many manufacturing facilities rely on highly inaccurate plant-wide burden rates or outdated costing systems. At FIA’s new Transitioning to More Accurate Costing Systems Workshop, you will learn how to rapidly increase the accuracy of your costing process. Attendees will be shown how to set up accurate costing systems based on real-world examples from the manufacturing industry.
The FIA Transitioning to More Accurate Costing Systems Workshop will be held Feb. 16, 2017, in Cleveland. Lunch will be provided. The workshop will be led by Bob Maks, vice president of cost engineering at Advanced Purchasing Dynamics. Bob has an extensive background in purchasing in the manufacturing sector. For more than 18 years, he has developed, led and implemented procurement/sourcing strategies across direct and indirect commodity segments including polymers, resins, stampings, capital and tooling and MRO.
All of the crucial elements for maximizing costing accuracy will be covered at the workshop. These include machine-specific burden rate development, volume impact, and a machine standard hour versus a labor standard hour. Participants in this course will learn how to:
• Generate machine-specific burden rates.
• Apply volume impact to parts and to the facility.
• Properly separate SGA from plant burden.
• Apply a more accurate costing system to parts and quotes.
• Implement the knowledge gained.
To register for the FIA Transitioning to More Accurate Costing Systems Workshop, visit http://mbrportal.forging.org/COSTSYS17.