1. CostICon
Profile
5/25/2015 Prepared by CostICon. All rights reserved by CostICon 1

2. About Us
 We are a Nasik based consulting firm operating in Costing &
Cost Control
 We help decision makers take informed decisions
 Trained staff & expert guidance
 Tangible savings and improved data administrations are
achieved in the past
Contact Us
Phone: 9822991463
Email: ceo@costicon.org
Web: www.costicon.org
Our Mission
To partner with industry in their internal growth through design of data
flow system & ensuring data availability for analysis & decision support
Review & Recommendations
Execution & Maintenance
Tangible Cost Savings
Cost Consciousness –
Need of the Hour
 Competitive market has put a cap on
pricing
 Bottom line improvement has to be
primarily achieved internally
 Consciousness about the cost is the key
to achieve target margins
This consciousness can be assured only by
availability of cost relevant data at right time
& right place
COSTICON
Applied Solutions in Costing And Cost Control
CostICon
B29, Madhoor Mangal
Avenue, Phase-II, Opp.
NICE Industrial Estate,
Kamgar Nagar Road,
Satpur, Nasik.
PIN - 422007
5/25/2015 Prepared by CostICon. All rights reserved by CostICon 2

3. What We Offer
 To establish a robust Costing and
Controlling framework on project basis
 To maintain the entire Costing and
Controlling function on retainer ship
basis
 Training to end users, key users
including cross functional users
 Expert functional support services for
implementation or optimization of SAP
CO functionality
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Illustrative Services
 Performance linked cost control system
 Comprehensive planning & budgeting involving all
departments
 Design & implementation of performance monitoring
system & MIS to facilitate operational decision making
 On job training to end users & documentation of controlling
procedures
 Investment Appraisal & Incidental data support for quick
decisions
 Improvement in efficiency of data administration through
automation
 Reconciliation of actual P&L with cost of production
 Vendor Cost assessment to optimize material cost wherever
applicable

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Why These Services Are Needed
You are concerned with your bottom line which is
direct function of your cost
Cost is direct function of your performances
Following questions reveal need for robust costing and
controlling framework
 Does your present data mechanism allow you to
correlate performance with cost?
 Does your existing system give you triggers for
cost control?
 Are you sure about inclusion of all costs into your
products, scientifically?
 Do you feel need for meaningful data for decision
making?
 What do you think is more dangerous – Known
cost leakage or a hidden one?
How We Are Different
 Actual execution of improvement solutions. Not only
mere advice
 Emphasizing on developing in house competency to
minimize dependency
 Customized solutions suitable to organizations
controlling needs and operational constraints
 Creative approach aiming at developing a solution
rather than discussing the problem
 Transformation of the solutions in the form of
software is available in house
 Excellent conceptual training to users beyond
procedural training
 SAP CO expertise coupled with rich experience in
operational level controlling
 Experienced resources having 38 years of rich
exposure to world class systems in a large MNC

5. Selected Portfolio Summary
 Costing System Development at Kothari Agritech Pvt. Ltd, Sholapur
 Optimization of CO functionality in SAP at Bajajsons Ltd
 Design & Maintenance of In House controlling system for Controlling at
Dynamic Pre-stress India Pvt. Ltd
 Expert support in SAP CO module during SAP implementation at
Rishabh Instruments Pvt. Ltd
 Customization of Tally ERP for data control at SMP Auto-tech Pvt. Ltd
 Conceptualized, designed, developed & maintained Department wise
expense report at Bosch Ltd
 Development of Template to arrive at Machine Hour Rate in Tool room
of Bosch Ltd
 Development of Template to capture impact of Cost reduction Projects
on Product Cost at Bosch Ltd
 Design of dynamic Cost per kg template at Sad Guru Enterprises, Pune
(Major vendor of Finolex Pipes Ltd)
 Design & Development of Memo wise Profitability Program for Swastik
Pack-N-Shift Services, Pune
 Development of in house ERP system at Om Foods, Malegaon
Recognition and Appreciation
 Recognition by BDO, the 5th largest accounting firm in the world
 Appreciation by Garry Cockins, an internationally recognized expert,
speaker, and author in performance improvement systems and advanced
cost management
 Appreciation by senior officials of PSUs like BPCL,HPCL, DLW, Indian
Railways and director of MSME – DI during MSME exhibition
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Answering Queries of Engineering Head, DLW Answering Queries of Purchase Manager, HPCL
Felicitation by Director, MSME - DI

6. Development of Method to arrive at Machine Hour
Rate in Tool room of Bosch Ltd. Nasik
Project Brief
 Exercise done for 63 machines
 Total cost with respect to machine was classified into direct
machine related cost & indirect cost
 All non monitory information about resources are compiled for
each machine & expressed in monitory terms
 Indirect expenses are allocated based on suitable basis of
allocation to each machine
Result
 Quick & accurate machine hour rates computed scientifically
 Flexible architecture of template to accommodate changes in
assumptions or variables
 Reconciliation with P&L account
Testimony
 Adopted as bench mark practice in other tool rooms of Bosch
 Employees from other Bosch Plants are trained to operate this
model
Material Cost Optimization Project at Dynamic Prestress Pvt. Ltd
Project Brief
 For manufacturing of center plate, type of material which can be possibly
used is either cast steel or mild steel
 Working methodology to determine differential cost, is missing
 It’s observed that owing to the lower rate per kg, Mild Steel is being
dominantly used, despite extra cost of processing
 From drawings & discussion with engineer, the extra material to be removed
in M.S. is determined
 Extra time required to remove the material in case of M.S. is invariably found
to be the excess tool travel time
 Representative geometric diagrams to find out the path across which tool
travels, are drawn
 From these diagrams, a ready made formula to determine the tool travel time
is determined
 A database of theoretically calculated differential time for all the sizes of
material, is prepared for ready reference
 When user enters dimensions & choose the machine, differential time &
hence differential cost will be automatically calculated
Result
 Average monthly cost reduction computed based on present level of
operation, is 1,00,000 INR. This is perpetual saving
 144 Hours of extra production capacity is released per month equivalent to
an additional profit margin of 1,000,000 INR per month perpetually.
Optimization of CO functionality in SAP at Bajajsons Ltd
 Flaws & voids in functional logic defined at the time of
implementation partners are brought on surface
 Resulted in waiver of support fees to the tune of 1.2 MINR.
Selected Project/Portfolio - Details
To be
continued….
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7. Conceptualized, designed, developed &
maintained Department wise expense report
Project Brief
 Target is set in respect of each expense head for each
functional department
 Cost center structure is designed to represent each
department
 Actual expenses booked against each cost center are
monitored each month
 Comparison of YTD status with pro rata target for each
department
Result
 Quick reference to cost performance of departments is
available online
 Participative involvement by all the departments in cost
control
 Culture of cost consciousness is inculcated across the
plant
 Resulted in tangible & measurable control on cost even
beyond shop floor
Testimony
 Model is rolled over in other plants located across India
 Model has been made dynamically available online
through BI tools
 Appreciation by FICCI in the form of an award
Expert support in Defining Deliverables of SAP - CO Module
at Rishabh Instruments Pvt. Ltd.
 Controlling needs of the organization is effectively conveyed to implementation
partners
 Tremendous saving in time & resources is resulted in case of designing CO related Key
data structures & data flow
 Preparation of testing plan & designing cases to be tested especially in case of
integrated testing
 Implication of Cross functional configurations on CO module is highlighted well in
advance
 Simplified training to end users with correlation to day to day life
 Awareness training to Cross Functional users & documentation of procedures
 Resulted in easy understanding by implementation partners about the controlling
needs
 Resulted in speeding up implementation process
Design & Maintenance of In House Data Flow System for Controlling
at Dynamic Prestress India Pvt. Ltd.
 Some serious flaws in operations are brought to surface by virtue of this system
 Compulsion of recording has brought transparency & enhanced sense of responsibility
 Data retrieval & data processing has become very handy
 Employees are getting accustomed to work in a systemized environment before
investing heavily in high end systems like SAP
Selected Project/Portfolio – Details (Contd.)
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8. Highlights
 Establishing linkage of cost to its underlying performance
indicator
 Scientific determination of machine hour rates on real time data
 Identifying exact areas to initiate cost control or cost
reduction projects
 Inculcating awareness amongst all in the plant about their role
in cost control
 Ensuring transparency in flow of data
 Preparation of user friendly training documents and Standard
Operating Procedures for controlling function & routine
processes in SAP CO
 Achieved real time cost savings in the past through cost
control measures & system performance improvement
initiatives
5/25/2015 Prepared by CostICon. All rights reserved by CostICon 8

9. Please feel free to write us at
ceo@costicon.org
Or
suyash6277@gmail.com
Alternately, call us on
98 22 99 14 63
Website – www.costicon.org
5/25/2015 Prepared by CostICon. All rights reserved by CostICon 9