Economics of Manufacturing

During 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. 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.

1:1 individual sessions will be added to the online course.

After completing the course, you will be able to 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.

Nongraded

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.