When the objective is to lower cost or prevent cost increases, world-class organizations look closely at what and how they buy. Those involved in the purchasing and contracting activities are critical contributors to the organizations ability to achieve high level performance and will bring dramatic results when equipped with the skills to both resist supplier price increases and identify and implement cost reduction opportunities.
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 seminar 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.
This sessions sets the stage of the importance of the procurement function and how purchasing savings go right to the bottom line whereas a small % of the sales hits the bottom line.
A Cost Saving Reporting Process is essential for successful results in resisting price increases, obtaining continuous cost improvements, and to motivate people to search for savings.
This session focuses on the importance of having an accurate up-to-date Spend Profile and methods of analysis.
Why and how we must develop a Key Performance Indicator (KPI) to show positive savings performance even when pricing is increasing.
This session presents some very important saving methods that bring significant impact.
Typical savings methods which result in not only reduced cost but also in improved productivity for the entire organization and even the supply chain.
Materials, Contracts, Purchasing Managers, 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.