Executive Management has increased its dependency on Supply Management to be a major source of improving the bottom line. As a result, a vast majority of CPOs see Cost Reduction as their top business strategy. Savings 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 the many savings methods for both Direct and Indirect organizational spending that have been used to reduce cost, resist price increases, and increase the stature of the supply management function and those in it.