For Economic Optimization in Manufacturing, tuition fees are 8,000 USD per year.
Embark on a transformative journey into manufacturing finances tailored for biomanufacturing professionals and leaders. In this course, you will explore the intricate web of costs and accounting essentials in the biomanufacturing process, gaining a comprehensive understanding that extends beyond numbers. Through lectures delivered by a leading expert in biomanufacturing with over 30 years of experience, you will be introduced to the calculation of pivotal metrics like full manufacturing cost marginal cost, unlocking their significance within the biomanufacturing realm. You will learn to refine your decision-making capability iods and Net Present Value, resulting in increased ability to create an impact. Our course equips you with simplified prioritization matrices, teaching you to navigate complexities and align initiatives with strategic objectives. You will be introduced to impactful communication through compelling business cases, demonstrating how to advocate your ideas persuasively. By blending industry-specific Biomanufacturing examples with universally applicable principles, our course ensures relevance across diverse product manufacturing sectors. You will gain skills transcending boundaries, poising you to steer financial strategies with confidence. Join us and grow as a strategic leader, by learning about manufacturing business landscapes. Elevate your career—don’t miss this opportunity to enhance your business acumen. NB: Although this course utilizes biomanufacturing examples, the content applies universally to product manufacturing, making it pertinent across all manufacturing sectors. The online course is conducted in two morning sessions (09:00-13:00) 1:1 individual sessions will be added to the online course . This course was previously called: Economics of Manufacturing Course Schedule Morning: Cost elements of manufacturing Basic accounting principles Full- and marginal unit cost Afternoon Financial Decision-making tools for projects Develop a compelling business case Case studies Learning Outcomes After completing the course, you will gain the following abilities: Understand the total cost picture of manufacturing Understand the basics of manufacturing accounting Calculate the unit – and marginal cost of a product – and the importance of these values Calculate payback and Net Present Value for improvement activities Use simple prioritization matrices for decision making about project activities Understand the principles of management communication in the form of a business case Who should attend? This course is designed for academic and industry professionals engaged in the manufacturing sector, encompassing roles in manufacturing support, quality assurance, financial analysis, and those contributing to the development and optimization of manufacturing processes. Whether you hold a direct manufacturing position or a leadership role aspiring to grasp comprehensive financial insights before assuming broader budgetary responsibilities, this course is tailored to augment your expertise. You should take this course if you want to understand better how management use financial data for management and decision making and from that improve your ability to take part in discussions, influence decisions and get your project ideas approved. Prerequisites The ideal participant holds a bachelor’s degree in a science or finance-related field. However, proficiency in high school-level mathematics is adequate. Additionally, possessing a minimum of one year of practical experience in manufacturing operations is advantageous for maximizing the course’s potential outcomes. Important information Here you will find important information for short course participants regarding cancellation policies, location and waitlist policies. Registration To register for the course please click “Add to basket” . Discount for start-ups and academics We offer employees in start-up companies, educational institutions and the public sector a 25% course fee reduction. Tick off the relevant boxes in the registration form to apply for this discount. You will get to the registration form when adding the course to the basket. Companies wishing to arrange a tailored/private course are more than welcome to contact us to discuss this opportunity. Course instructors Niels Murmann CEO, Steel Tech Solutions Niels Murmann graduated from DTU (Chemical Engineering) in 1992, and has worked 31 years with biomanufacturing in industrials and pharmaceuticals. He has profound experience with the finances of manufacturing and the management of manufacturing operations. He spent most of his career in Novozymes A/S, working in Danish factories, abroad, and in support functions to Management. Most recently, he was Vice President of International Manufacturing in Xellia Pharmaceuticals A/S. Niels Murmann is the course instructor and the author of the course materials. Read more
