--- To enhance the value and performance of procurement and SCM practitioners and their organizations worldwide ---

1 year access to Cost Reduction Toolbook -3947

Non-Member Price:$299
Member Price:$199

Please log in to add this item to your cart.

7 CEHs

This course is designed to assist new and experienced supply management professionals to perform tasks more strategically and efficiently. Topics covered in this course include: understanding financial principles, identifying process mapping opportunities, managing differences between value analysis (VA) and value engineering (VE) projects, identifying and applying forecasting methods, and seven tools for improving operations and supply or value chain efficiencies.

I. Introduction to Cost Reduction Toolbook

  • Provides an overview of the course's five lessons and introduces some of the activities and interactivity within the course

II. Financial Analysis

  • Identify the different accounting roles that supply mangers need to understand
  • Describe and interpret financial statements and distinguish between and integrate the income statement and the balance sheet
  • Describe how businesses can lower costs and improve performance through financial imperatives and measures
  • Discover the process for reducing the total cost of ownership for a product or service

III. Process Mapping

  • Identify how process maps define processes
  • Identify steps in the process mapping procedure
  • Define the types of process maps
  • Identify opportunities for improvement using process improvement techniques
  • Improve process performance by follow-through and measurement

IV. Value Analysis and Value Engineering

  • Describe the similarities and differences between value analysis (VA) and value engineering (VE)
  • Outline a process for conducting a VA / VE project
  • Identify the specific steps for conducting a VA / VE project: identify appropriate VA / VE projects; identify appropriate team members for a value analysis team; explain the role of cross-functional teams in VA / VE; and use creative thinking tools
  • Plan and manage a value analysis project

V. Forecasting Tools and Techniques

  • Understand the application of a forecast
  • Define the steps necessary in preparing a forecast
  • Identify some of the various forecasting methods
  • Calculate each representative forecasting method

VI. Cost Reduction Tools

  • Define how and where supply management can utilize the strategic profit model in understanding monetary impacts to the organization's dynamics
  • Identify and use different cost allocation methods applying them to costing scenarios
  • Examine how the learning curve can be applied in labor cost estimations, negotiations, and contracting
  • Identify the true costs embedded in cash, credit, and payment terms gaining insights into cost interactions and cost reductions of the financial aspects of transaction settlements through the financial performance of the organization
  • Demonstrate total cost solutions involving functions that have dynamic interactions between one another illustrating the nature of trade-offs and relationships among various functions within a supply chain
  • Determine the breakeven point between revenues, target pricing, cost components, and cost systems using breakeven analysis
  • Identify the many types of inventories found and used throughout an organization, understanding the many managerial approaches to managing and controlling inventories, and analyzing the various impacts that inventories can have upon the organization

Please log in to add this item to your cart.