Keep your operation afloat by developing a better understanding the true costs of doing business. Identify and calculate the different types of costs. Analyze variances and prescribe solutions and evaluate outcomes. Explore ways to control some costs, such as energy conservation, labour costs and production controls. Prepare to implement systems to monitor inventory levels and establish purchasing procedures.
With the skills gained in this course you will be able to forecast, control and manage costs to keep a viable operation running.
Recommended: Basic mathematics skills including dealing with percentages, decimals and fractions, as well as a working knowledge of spreadsheets.