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Savings Strategy Development

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Training course summary

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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.

Regions:
  • All Areas
Delivery:
  • Online
Category:
Difficulty:
  • Advanced

Further Details

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

    110 GBP

     

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