Resisting Price Increases & Cost Reduction Strategies for Purchasing



PROGRAM SUMMARY

Cost Improvements Initiatives, when properly implemented, have resulted in dramatic reductions in cost and significant improvements in productivity
across the entire organization. As in all initiatives, success is dependent not
only on an awareness of the potential opportunities, but more importantly
the knowledgeable implementation of the ideas, processes, and techniques
that should be utilized.

This program focuses on Resisting Price Increases and Cost Improvement
Initiatives and the many savings methods that have been used to reduce cost over the life of the product or service and across the entire supply chain.


PROGRAM PAYBACK

Upon completion of this seminar, participants will know:
• How to reduce cost of purchased material and services
• How to be on the “Road to World class” in savings initiatives.
• 6 steps to resist Price Increase for purchased goods and services
• Understand processes for data mining
• The criticality of the ABC analysis and how to use it to save time
• 42 ways Procurement has been reducing cost
• 6 step process for developing a purchase price index for your organization
• 12 important supply management competencies for achieving savings
• Receive a procedure for reporting cost improvements
• 10 major elements that need to be in a Strategic Sourcing Plan


PROGRAM OUTLINE

• Session 1: Purchasing Savings Impact on the Bottom Line
• Session 2: Data Mining & Opportunity Assessment
• Session 3: Savings Reporting
• Session 4: The Value of the Purchase Price Index
• Session 5: Cost Improvement Methods--Group 1
• Session 6: Cost Improvement Methods--Group 2


TESTIMONIAL

Below are 2 comments from people who attended previously :

~ Very knowledgeable and experience speaker.

~ An excellent program for procurement professionals to start doing right in your procurement organization.


SATISFACTION

Participants who attended this course previously were highly satisfied at 88%.





Visitors


WHO SHOULD ATTEND

• General Managers, Directors, Managers and Professionals in Purchasing, Procurement, Materials, Contracts, Buyers, Contract Administrators.
• Finance, Operations, Maintains, Projects or any other Managers or
Professionals involved in resisting cost increases or looking for savings
relating to the purchase of goods, equipment, supplies, and services.





Exhibitors

The Purchasing & Procurement Center provides hard hitting and top of the range information for purchasing & procurement professionals. The focus of the Center is to help purchasing & procurement professionals to excel in their job functions.

Among the services provided by the Center are:

- Purchasing & Procurement Reports

These reports are based on actual practical experience by featuring real life scenarios and case studies. They provide the “how to” of doing things in the Purchasing & Procurement Department.

- Purchasing & Procurement Webinars

Webinars are focused on very specific topics within the procurement function that help to answer day to day challenges that a procurement professional faces in his job. They are usually short (less than 1 hour) and are best utilised to answer burning questions that a procurement professional needs the answer to.

- Purchasing & Procurement Seminars

These live seminars are of the highest caliber for the procurement professionals. The material and needs are gathered by well-trained researchers. The courses are designed to give our clients the latest practical tools that they need to solve different issues. These seminars provide our clients an opportunity to gain invaluable experience through bench-marking and networking with their peers thru real life case studies and exercises.

- Purchasing & Procurement In-House Training/Programs

The in-house training are based on requests from clients that prefer specific procurement skills, competencies and situations to be imparted to their employees and senior management.

- Purchasing & Procurement Consultancy Services

Consultancy services are based on requests from clients that prefer skills and consultancy expertise.




TO GET MORE INFORMATION OR TO REGISTER CONTACT US AT +60376652035.

EMAIL US AT : event.list@kavaq.com





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