An Intensive 2-Day Training Course
Reducing Costs through better Procurement
and Supply Chain Management
We currently have no scheduled session for this Course. If you are interested in running this course, please contact our Training Department at info@petroknowledge.com
Why Choose this Training Course?
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?
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?
Who is this 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?
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
Certificate
- On successful completion of this training course, a PetroKnowledge Certificate will be awarded to the delegates
