An Interactive 3-Day Training Course
This training course has been specifically designed to develop a deep understanding of how to apply viable cost reductions in procurement. This training course will look at how you should take a pragmatic and holistic view to develop a sustainable and viable strategy that concentrates on supplier development, sourcing strategies, category management, win-win negotiation, collaboration and achieving the best price for the best value throughout the whole supply chain; without diminishing the level of service or quality.
On this training course you will learn that strategic direction must not be confused with just “cost cutting” activities that will see the organization apply a reduction in prices of product/service prices from their vendors and contractors. You will learn that tactical plans often concentrate only on price management, whereas more strategic and transformational planning impacts the underlying cost drivers and also highlights the areas of waste and inefficiency.
By attending this training course you will think long-term and learn how to work with all the supply chain to implement a program of cost containment initiatives that examines the efficiency of the supply chain, analyzing wasteful measures and looking at the whole life costing by using relevant spend analysis and Total Cost of Ownership techniques.
This Cost Reduction in Procurement training course will feature:
By the end of this training course, participants will be able to:
This training course is designed for procurement professionals who need to understand the difference between cost cutting exercises and long term cost reductions in the supply chain.
The course is suitable to a wide range of professionals but will greatly benefit:
This dynamic three day training course is designed to explore a wide range of cost reduction approaches, reflecting the shifts towards strategically focused sources of value from external supply contracts. This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented.
This training course will also combine variety of instructional methods including lecture by a world-class subject matter expert in procurement and supply chain strategy. This is a highly interactive and competitive training course where the participants will work and compete in team exercises, group discussions covering current practices and their relationship to the implementation of new concepts.
Competency Description: As a procurement professional you need to understand the need to introduce and deliver a cost reduction program and understand the impact it will have on your organization and your suppliers
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Competency Description: Data and spend analysis is a fundamental method to establish methods to develop systems and processes to deliver value throughout the whole life cycle of a supply contract.
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Competency Description: Understanding the supply market and knowing how to apply methods to deliver value for money throughout the life cycle of a supply contract is fundamental
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We offer a variety of tailored training options, customized to meet your organisation's needs. Delivered anytime, anywhere, we make it easy to bring expert training directly to your team.
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