Savings Strategy Development

Your CEO wants to know: "Are you executing a cost savings strategy or are you just 'winging it'?" Could you respond by producing a top-notch written strategy? If not, our online class "Savings Strategy Development" can help you. You will learn a systematic method of establishing a cost savings strategy in your organization. Your plan will be comprehensive, covering everything from analyzing your spend to strategic sourcing to continually improving cost savings processes. NOTE: This course counts towards the SPSM purchasing certification.


You will learn how to outline a savings strategy with goals, objectives, and targets, plus...


  • How purchasing savings are viewed by executives

  • How to define several types of savings and avoidances

  • How to create or improve a commodity classification system that optimally supports savings initiatives

  • How to identify savings opportunities by analyzing your spend

  • How to find and take advantage of easy cost savings opportunities

  • How to achieve cost savings by leveraging existing supplier relationships

  • How to negotiate savings without straining a supplier relationship

  • How to diligently manage costs by utilizing the Producers Price Index and developing your own Supplier Price Index

  • How to get everyone to apply the same, proven approach to cost savings by implementing The Ten Phase Approach To World-Class Sourcing

  • How to report cost savings in a way that will be embraced by executive management

  • How to apply continuous improvement to your savings processes


For more information, visit http://www.NextLevelPurchasing.com

Guide Price: 131 GBP per candidate

Delivery: Online
Category: Purchasing
Duration: 6-8 hours on average
Qualification: 8 Continuing Education Hours (CEHs)