English Course Resisting Price Increases and Implementing Cost Improvement Initiatives
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.
Upon completion of this seminar, participants will know: -How to be on the “Road to World class” in savings initiatives -6 steps to resist Price Increase for purchased goods and services -Understand processes for data mining -Be given the criticality of the ABC analysis and to use it to save time -42 ways Procurement has been reducing cost -6 step process for developing a purchase price index for your organization -12 important supply management competencies for achieving savings -Receive a procedure for reporting cost improvements -10 major elements that need to be in a Strategic Sourcing Plan
Personal Impact: Attendees will gain by participation in this program as a result of: -Increased skill sets in finding savings opportunities -A greater sense of professionalism -Learning more methods cost improvement -Greater ability to lead continuous improvement programs -Increased recognition by the organization due to improved performance
Organizational Impact: anization will benefit by: -Reduced cost of Purchased material -Reduced cost of Purchased services -Improved Supplier Performance -Higher Productivity of Purchasing & Contract Personnel -Greater strategic focus of those involved in Supply Management
BY: Jula, Senior Sourcing Manager
Good training and get useful tools to motivate work, to fix focusing scope, to report work in professional way.
BY: McDonald's, Strategic Sourcing Director
It helps to refresh sourcing skills / knowledge in managing the cost increase/initiation in a system and holistic picture.
BY: Bitzer, Sourcing Manager
Very good; got a cost of tools and method to resist price increase and cost improvement.