Why Choose this Training Seminar?
This PetroKnowledge Strategic Cost and Value Management in Procurement training seminar will have a deep dive into Total Cost of Ownership and value creation by strategic procurement, which is critical for organizations to be able to compete at the global level with sustainable profitability. It will look at how to deliver acquisition cost reduction, TCO optimization, cost avoidance, and value creation in modern organizations.
Strategic cost management is vital and increasingly important for all organisations. Competitive bidding with as many bidders as possible is the only way to help organizations buy goods or services at the lowest price such that the organizations can become more competitive than their peers? This common and traditional approach will remain a major mechanism in both private and public procurement. Still, there is a much bigger picture and scope that contributes to the competitiveness of organizations. Time-To-Market, Total Life Cycle Cost, Brand Image, Corporate Reputation, etc. will all contribute to the competitiveness of modern organizations. This training course leads the participants through the development and implementation of carefully crafted strategies for managing costs while maximizing value for the more significant organizations.
This PetroKnowledge training seminar will highlight:
- Setting strategies for world-class category cost management
- Maximising value for money
- Identifying costs drivers
- Improving profitability by minimizing Total Cost of Ownership (TCO)
- Understanding and managing supplier pricing models