Supply Chain, Logistics & Warehouse Training

Cost Reduction (Purchasing & Procurement)

Effective cost management and reduction in purchasing can be your road map to achieving your most critical organizational objectives. With careful planning and good cost reduction techniques and planning, purchasers can save big amount of company’s budget Major concepts in cost in purchasing are price, cost, and total value analysis.

Below are featured trainings that will help you save cost in purchasing.

Brief course description is available below:

Course 1: Analytical methods for improved purchasing performance

Today, purchasing, procurement, contracting, and supply management professionals must be the most progressive group in the company.  All systems, techniques, and operations theories must be dynamic and responsive to the very latest changes.  Simply put, to remain competitive in a fast-paced, global economy, your forecasting strategies and analytical skills must be top-notch. Worldwide competitive pressures require a greater contribution from the purchasing and physical supply function and suppliers to improve the organization’s relative position on quality, price, technology, and responsiveness.  Analytical Methods for Improved Purchasing Performance can be your road map to achieving your most critical organizational objectives.

Course 2: Analyzing price, cost, & total value

Improve inventory management using Economic Order Quantity (EOQ) techniques. Analyzing Price, Cost, & Total Value is a highly concentrated training that discusses price, cost, and total value analysis theories in the choice of goods and services—those that have been or are to be purchased.  The material presented is practical and job-specific as well as relatively easy to apply and use.

Course 3: Cost reduction in purchasing

Cost Reduction in Purchasing is a highly concentrated training that discusses price, cost, and total value analysis theories in the choice of goods and services—those which you may have purchased in the past and those you are considering for the future.This training is designed for procurement professionals who want to learn the applications of statistical and financial techniques for analyzing purchasing problems.  It offers a practice-intensive learning experience to anyone responsible for selecting suppliers, negotiating prices and fees, and purchasing goods and services.

Course 4: Effective cost management in purchasing

This training is designed for procurement professionals who want to learn the applications of statistical and financial techniques for analyzing purchasing problems.  It offers a practice-intensive learning experience to anyone responsible for selecting suppliers, negotiating prices and fees, and purchasing goods and services.  Effective Cost Management in Purchasing is recommended for buyers, supply managers, procurement and acquisition staff analysts, contract administrators, commodity and sourcing specialists, purchasing agents, and executives.

You’ll find out how to determine which data you need, which mathematical formulas to use, and which cost, price, and quality factors you must consider. You’ll analyze purchase spend history, forecast price and market trends, determine total costs of ownership, analyze fixed and variable costs, conduct best-buy analyses, and utilize should cost analyses of prospective suppliers for qualification of quotes, bids, tenders and proposals. You’ll also learn how learning curves, break-even analysis, value analysis, total landed cost, target costing, and life cycle costing can help you make far more accurate estimates of cost and value.

Course 5: Managing price, cost, & potential increases

In this training you’ll find out how to determine which data you need, which mathematical formulas to use, and which cost, price, and quality factors you must consider. You’ll learn how to analyze purchase history records, forecast price and market trends, determine total costs of ownership, analyze fixed and variable costs, conduct best-buy analyses, and utilize information to challenge or mitigate supplier contract and rate increases. You’ll also learn how learning curves, break-even analysis, target costing, open book costing, and life cycle costing can help you make far more accurate estimates of cost and value.

Course 6: Maximising purchasing power training

Techniques for price, cost and total value. Purchasing, procurement, contracting, and supply management professionals must be the most progressive group in the company.  All systems, techniques, and operations theories must be dynamic and responsive to the very latest changes.  Simply put, to remain competitive in a fast-paced, global economy, your forecasting strategies and analytical skills must be top-notch. Maximizing purchasing power training is a highly concentrated training that discusses price, cost, and total value analysis theories in the choice of goods and services—those which you may have purchased in the past and those you are considering for the future.

 

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