0305 Asset & Strategic Cost Management

Part of the Business Processes Section of the CEA Curriculum


Asset and strategic cost management is a broadly defined term that refers to systems which monitor and maintain resources of value to a business. It may apply to both tangible assets such as buildings and to intangible concepts such as intellectual property and goodwill. Asset management is the systematic process of operating, maintaining, upgrading, and disposing of assets cost-effectively. In this series of videos, we’ll take a look at how the practice of managing assets to achieve the greatest return on investment also achieves the objective of providing the best possible service. You’ll learn about supply chain concepts, elements of cost analysis, managing inventory, control points and accounts receivable/payables management.


Learning Objectives
After completing this course, you will be able to:

  •  Define the basic flows in an enterprise
  • Use control points for metrics
  • Explain the value equation
  • List the two approaches to collaborative cost management

Course Curriculum

Asset & Cost Management FREE 00:05:00
Documenting the Process of the Supply Chain 00:02:00
Understanding Supply Chain Terms 00:02:00
Strategic Cost Management 00:02:00
Pricing Strategies in Strategic Cost Management 00:03:00
Tools of Price Analysis 00:02:00
Elements in Factoring a Cost Analysis 00:05:00
Basis for Profit Percentage in Relation to Cost Management 00:04:00
Collaborative Cost Management and the Payables Function 00:02:00
Budgeting Expenditures 00:03:00
ABC Method of Managing Inventory 00:01:00
2 Main Types of Managing Inventory 00:03:00
Control Points 00:03:00
Accounts Receivables Management & Wrap Up 00:01:00

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  • Price Options +
  • 1 year
  • Program Level: Fundamentals/Beginner

    60 minutes | CPE = 1 unit

    Field of Study: Finance

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