For any business to survive, it’s vital that costs are controlled effectively. As a first line manager, one of your key responsibilities is to manage costs within your department and ensure that your team makes a positive financial contribution to the business.
This course will help you ensure that you are paying the right price for the right services and will enable you to plan ahead for your expenditure. You’ll explore the main types of costs that you need to consider when planning any work activity. You’ll learn how to complete a break-even analysis to determine the minimum number of sales you need to offset your costs. And you’ll be shown how standard costing can help you to monitor and control costs more effectively.
Course code: 100594SM030