Reducing Costs through better Procurement and Supply Chain Management

An Intensive 2-day Training Course

Reducing Costs through better Procurement
and Supply Chain Management

Reducing Costs through better Procurement and Supply Chain Management

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We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at

Why Choose this Training Course?

A changing economic environment requires a change in focus for procurement activities.  This interactive 2-day training course will highlight the reduced costs and added value that can be delivered with an appropriate focus on procurement and supply chain management.

This training course will emphasize how to analyse the existing requirements and spend profile, in order to identify opportunities for short and long term savings and improvements in added value.  The course will then help delegates to plan to deliver those changes without compromising quality or supplier relationships.

This training course will feature:

  • Discussions on the changing role of procurement and supply chain
  • Maximising value for money
  • Examining cost drivers
  • Improving profitability by controlling total costs
  • Understanding and managing supplier pricing models

What are the Goals?

By the end of this training course, participants will be able to:

  • Appreciate spend data for decision making
  • Analyse supplier pricing and cost strategies
  • Identify opportunities for cost saving
  • Understand how to manage suppliers to achieve mutual cost savings
  • Develop and implement a cost reduction strategy

Who is this Training Course for?

This training course is suitable to a wide range of professionals but will greatly benefit:

  • Professionals in Supply Chain Management roles
  • Buyers, Procurement Officers and Procurement Department Managers
  • Operations Managers with budget responsibility
  • HR and Training Staff
  • Finance Managers and Directors
  • General Managers who seek to derive greater value from their contracts

How will this Training Course be Presented?

This training course will utilise a variety of proven adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. This will include presentations, exercises, videos and work sheets.  The daily workshops will be highly interactive and participative. Delegates are strongly encouraged to bring examples from their own work place for discussion - This adds greater relevancy to the content. 

Daily Agenda

Day One: Identifying Cost Reduction Opportunities
  • Introduction: The role of Procurement and Supply Chain Management
  • Benefits and risks of cost reduction for the organisation
  • Understanding Price, Cost and Value
  • Categorising spend
  • Spend analysis to identify opportunities     
  • Cost reduction not cost transference along the whole supply chain
  • Drivers of whole life cost
  • Strategies and Tactics
  • When to use negotiations, extensions, tendering and e-auctions to improve costs
  • Procurement and Supply Chain Management: Challenges and Solutions
Day Two: Implementing Cost Reductions
  • Introduction: Managing Change
  • Cost reduction techniques
  • How to deliver cost improvements  
  • Negotiating changes
  • Contractual blockers to reducing costs
  • Appropriate Key Performance Indicators (KPIs) to ensure continued performance
  • Common cost cutting problems – how to avoid them
  • Action Planning to reduce costs


  • On successful completion of this Training Course / Online Training Course, a PetroKnowledge Certificate / E-Certificate will be awarded to the delegates.

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Frequently Asked Questions

  • To register online through our website, please click “Enroll Now” on the course page, complete and submit the form. A confirmation e-mail and instructions will be sent to the participant’s e-mail.
  • You may also get in touch with our Registration Team on
    +971 50 981 7386 | +971 2 557 7389 or send an email to

  • Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the invoice.
  • Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted.
  • Invoices will be sent via email/courier to the ID/name and address provided.
  • The course fee shall be settled prior to course start date. Corporate payments with existing payment policy shall be relayed to us in advance.

Upon successful registration online, enrolment on the respective training course will be confirmed by Registration Team by e-mail along with the invoice and joining instruction.

For corporate fees and group registration, please send your query to

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