Schedules Introduction Objectives Training Methodology Who Should Attend? Outline

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Course Schedule

Classroom Sessions:

Date	Venue	Fees
23 - 24 Jun 2025	Riyadh - Saudi Arabia	$2,950
13 - 14 Oct 2025	Riyadh - Saudi Arabia	$2,950
22 - 23 Jun 2026	Riyadh - Saudi Arabia	$2,950
12 - 13 Oct 2026	Riyadh - Saudi Arabia	$2,950

Course Description

INTRODUCTION

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 Reducing Costs through better Procurement and Supply Chain Management 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 GLOMACS 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

Objectives

By the end of this Reducing Costs through better Procurement and Supply Chain Management 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

Training Methodology

This Reducing Costs through better Procurement and Supply Chain Management 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.

WHO SHOULD ATTEND?

This GLOMACS 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

Course Outline

DAY 1

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 2

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

Certificates

On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance

Providers and Associations

Endorsed Education Provider

GLOMACS is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org

In Association With

PetroKnowledge

Our collaboration with Petroknowledge aims to provide the best training services and benefits for our valued clients

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Options & Brochure

Related Categories

Purchasing, Logistics & Supply Chain Management

Frequently Asked Question:

How can I find out more information about a specific course?

For detailed information about specific courses, including course content, schedules, and instructors, you can visit our website or contact our customer service team. They will be happy to provide all the information you need to make an informed decision.

Can I get a discount for group bookings?

Yes, GLOMACS offers special discounts for group bookings. If you’re planning to enroll multiple participants from your organization, please reach out to our team to discuss the available discount packages.

How are GLOMACS courses structured?

Our courses are structured to provide a balanced mix of theory and practical application. They typically include presentations, case studies, group discussions, hands-on activities, and interactive Q&A sessions to maximize learning outcomes.

Will I receive a certificate upon completing a GLOMACS course?

Yes, upon successful completion of any of our training courses, GLOMACS Certificate will be awarded to the delegates. This certificate is a valuable addition to your professional portfolio and is recognized across various industries.

Does GLOMACS offer customized training for organizations?

Yes, GLOMACS provides customized training solutions tailored to meet the specific needs of organizations. We work closely with companies to design bespoke training courses that address their unique challenges and objectives.

How can I register for a GLOMACS course?

You can register for a GLOMACS training course by visiting our website, selecting the course of your choice, and following the simple registration process. You can also contact our support team for assistance with the registration process.

Who are the trainers at GLOMACS?

Our trainers are industry experts with years of practical experience in their respective fields. They bring real-world knowledge and insights into the classroom, ensuring that our participants receive top-tier, applicable skills and expertise.

Are GLOMACS training courses available online or in person?

GLOMACS offers both online and in-person training options. You can choose from interactive virtual sessions or attend one of our globally located in-person training courses. The flexibility ensures that learning fits your schedule and preferences.

What types of training courses does GLOMACS offer?

GLOMACS offers a wide range of professional development training courses across various industries, including Leadership & Management, Finance & Accounting, Human Resources, Engineering, Oil & Gas, Operations and Logistics, Engineering and Technical and more. Our training courses are designed to enhance career growth and organizational effectiveness.

What are the key benefits of attending a GLOMACS course?

Attending a GLOMACS training course offers numerous benefits, including enhanced professional skills, increased employability, industry-recognized certification, networking opportunities with peers and experts, and the chance to apply practical knowledge directly to your workplace.

Why should I choose GLOMACS?

GLOMACS is a globally recognized leader in professional training and development, with a reputation for delivering high-quality, results-driven training courses. We offer a broad spectrum of training courses taught by expert trainers, flexible delivery options (both online and in-person), and accredited certifications that add real value to your career.

An Interactive 2-Day Training Course

Reducing Costs through better Procurement and Supply Chain Management