Managing Supplier Costs

Short course

Inhouse

£ 400 + VAT

Description

  • Type

    Short course

  • Methodology

    Inhouse

  • Class hours

    6h

  • Duration

    1 Day

  • Start date

    Different dates available

This workshop seeks to achieve a balance between theory and practical advice with expert coaching and guidance. Participants will develop an understanding of the principles of managing costs in purchasing and procurement activities, to be able to manage and optimise cost performance for their organisation.

Facilities

Location

Start date

Inhouse

Start date

Different dates availableEnrolment now open

About this course

At the end of this training programme participants will be able to:

Understand why organisations need to control supplier costs
Understand the difference between cost and price, and what drives pricing in supply markets
Learn a range of cost control techniques to improve an organisation’s cost performance
Learn how to optimise value as a function of cost
Understand the difference between cost containment, cost avoidance and achieving savings

Those who are new to working in a purchasing environment with little or no purchasing experience; those who would like to review their existing skills in developing and optimising purchasing capability in buying and purchasing management roles; and those outside of the purchasing function (e.g. budget holders and finance professionals) who are stakeholders in the purchasing process.

Prior to the course, delegates will be asked to identify areas of spend for which they have direct or indirect responsibility in order to be able to work through real case examples during the programme.

On receiving your request for more details we will send you all course information and how to book a place/s

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Reviews

This centre's achievements

2016

All courses are up to date

The average rating is higher than 3.7

More than 50 reviews in the last 12 months

This centre has featured on Emagister for 16 years

Subjects

  • IT
  • Performance
  • Markets
  • Cost Drivers
  • Managing Supplier Costs
  • Supplier Costs
  • Managing Supplier
  • Cost containment
  • Cost avoidance
  • Life cycle costs
  • Cost breakdowns
  • Cost performance

Teachers and trainers (1)

Brian Hopkins

Brian Hopkins

Finance Trainer

Course programme

The programme is participative and involves exercises in small groups, trainer input and the use of case studies and examples to enhance learning. The topics we will cover are: Identifying improvement potential through opportunity analysis Cost avoidance and cost containment Markets and cost drivers Price versus cost Using comparative analysis to improve cost performance Life cycle costs and the ‘total cost of ownership’ Quotation analysis and cost breakdowns Achieving value for money Measuring cost performance

Managing Supplier Costs

£ 400 + VAT