The Institute of Certified Management Accountants (CMA) of Sri Lanka signed a Memorandum of Understanding (MoU) in March this year with the Confederation of Indian Industry Total Cost Management Division to implement the Total Cost Management and Maturity Model for Sri Lankan industries in association with the CMA, the national professional management accounting body in Sri Lanka incorporated by an Act of Parliament. The CMA is a member of the International Federation of Accountants (IFAC), the global accounting body. It is also a member of the South Asian Federation of Accountants (SAFA) and Confederation of Asian and Pacific Accountants (CAPA). The Cost Congress will be held on December 8 and 9 at Hotel Hilton Chennai. Leading industrialists from India will address this congress.
The theme of the Cost Congress is ‘TCM – The Mantra for Business Success in Turbulent Times’, which is appropriate in the current global and South Asian contexts.
The following topics will be covered in the Cost Congress:
-Infusing resilience into business models
-Aligning TCM with ‘Go to market’ strategy
-Reconfiguring logistics model and GST
-Accelerating efficiencies in the value chain
-Synchronization of design thinking and TCM
-Sustainability drive in business
Some of the leaders in the Indian industry like Toyota, Indigo Airlines, Marico, HUL, Royal Enfield, JSW Steel and Subros are sharing their success stories through case study presentations for overall industry benefit. The USP of Cost Congress is cross industry learning of TCM practices, which would be a huge benefit for overall improvement in the corporate performance. The CMA is pleased to invite industries, companies planning total cost management and members to attend the Cost Congress. They have given a special rate for participants nominated by the CMA. The closing date for nominations is today. Those who wish to attend and obtain any further details may contact Shanthi Maheswaran on 071 470 5536.