CII - TOTAL COST MANAGEMENT DIVISION

Am I better than Industry?

Designing competitive strategies by understanding the relative position amongst the peers is imperative.

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Is my profit Right?

Spotting hidden profit zones in the guise of NVAs and profit drain points perpetually enhances price-cost gaps
Is your P & L in the Red?

Contemporary cost management practices through advanced tools & techniques charter the path to profit.

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Am I balancing growth & profitability?

High growth companies are often more valued than others. If revenue and profit are disproportionate, the path and pace is on a risky path.
Thriving for Business Excellence!!

Business excellence is a confluence of several factors. The path of cost excellence provides long term sustenance to business.

What is TCM ?

Total Cost Management is a company-wide systematic and structured approach, which provides a holistic framework to control, reduce and eliminate costs, throughout the value chain. This process of managing the financial outcome of activities encompasses all operations, internal and external.

Our Mission

CII has established TCM division as a part of its industry initiatives. The TCM division functions with the objective of "enhancing cost competiveness of Indian Industry".

Impact Areas

• Business Strategy alignment
• Business Model design
• Value chain efficiency

Salient Features of TCM

• Enterprise led Initiative.
• Value Chain focus.
• Enable strategic and operational decision making.

TCM Benefits to Business

• Reconfigure product and customer portfolio.
• Product profitability at design stage.
• Identify profit drain points.

We are Creative

TCM Maturity Model

TCM Maturity Model is a Unique model, first of its kind in the world on Cost assessment of companies

TCM Awards

CII established its TCM division in the early-2000s with the objective of "enhancing cost...

Advisory Services

TCM Intervention in corporates is primarily for streamlining cost management systems for...

Awareness Creation

To Introduce and familiarize the Industry representatives, TCM division organizes various training and awareness programs.

MSME Clusters

Close to 40% of industrial output is through MSME production from across the country-accepted as engine of economic growth...

Governance Structure

TCM Division was conceptualized uner the dynamic leadership of Mr. S Mahalingam, CFO-TCS in the early 2000. He was ably assisted by TCM Working Group of experts / free lancer professionals drawn from across the industry segments. The current hierarchy supports the division's activities.

External Expertise

CII TCM Division has trained many external experts to support the TCM process as assessors/members of jury panel. The assessors were drawn from wide range of industries to address the industry challenges across various sectors. To view the list of Assessors Click Here

USP of TCM

TCM Philosophy is distinct from the traditional cost accounting and management, a compliance oriented and a reactive approach addressing element wise cost reduction, pursuing cost down targets. Addressing the business challenges both external and internal, and focused development of sustained cost competitive advantage is the core of TCM philosophy.

TCM Philosophy reflects the understanding of product / customer segments with the expected value proposition where in business wishes to compete and makes it as a co-ordinate in the TCM process.
Value chain efficiencies, enterprise wide cost ownership, algorithm based cost structure are the building blocks of TCM architecture in business.

Expression Of Interest

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CII TCM TESTIMONIALS

We were having a feeling of inadequate costing systems in our business and were looking for ways to improve them. The interactions from introducing the concept, filling the questionnaire, assessment and the feedback helped us to appreciate where we are good, to understand the current state in the maturity process and to develop a read map to take it further. Concepts like moving from cost accounting to cost management, linking cost structures to strategy, risk management were completely new ideas and their interpretation in our context would not have been occurred to us with going through the process of assessment. We could experience the passion of the CII-TCM for evolving Cost Management further.

Godrej & Boyce

Methodology followed by CII and Evaluators for assessing TCM practices helped to identify the gaps in process followed at JCBI. It further helped to understand the best practices & Structures followed by other Companies that are helping to improve on the process followed by JCBI

JCBI

The CII-TCM Model acts as a catalyst to integrate an all-pervading cost culture throughout the organization. It creates a thrust for cost control and cost reduction and enables the organization to focus on its cost structure continuously so as to achieve systems, procedural and financial benefits.

Kirloskar Brothers Limited, Dewas

CII - Total Cost Management Division

Am I better than Industry?

Is my profit Right?

Is your P & L in the Red?

Am I balancing growth & profitability?

Thriving for Business Excellence!!