An Interactive 2-Day Training Course
Reducing Costs through better Procurement
and Supply Chain Management
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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 GLOMACS 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 GLOMACS 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 GLOMACS 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
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
- 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
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
Dubai - UAE
P. O. Box
74653
Tel: +971 (04) 425 0700
Fax: +971 (04) 425 0701
Tax Registration Number: 100270246000003
GLOMACS Training & Consultancy
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