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.

Materials, Contracts, Purchasing Managers, Buyers, Contract Administrators, Finance, Operations, Maintains, Projects or any other Managers or Professionals involved in resisting cost increases or looking for savings relating to the purchase of goods, equipment, supplies, and services.

* 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

• 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

• 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

Day 1

• 8:45 AM Registration
• 8:55 AM Welcome Remarks
• 9:00 AM Workshop/Training Starts
• 10:45 AM Morning Coffee Break
• 12:30 NN Lunch
• 1:30 PM Training Resumes
• 3:30 PM Afternoon Coffee Break
• 5:00 PM End of Training

Day 2

•  9:00 AM Workshop/Training Starts
• 10:00 AM Morning Coffee Break
• 10:15 AM Training Resumes
• 12:00 NN Lunch
• 1:00 PM Training Resumes
• 2:30 PM Afternoon Coffee Break
• 2:45 PM Training Resumes
• 5:00 PM Q & A and End of Training