Negotiation and Cost Reduction in Purchasing and Procurement
Course Info
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Course Details
Introduction
Objective
Who should attend
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Success in purchasing is dependent not only on an awareness of the potential opportunities, but more importantly, is the knowledgeable implementation of the methods, processes, and techniques that should be utilised in order to become a leader in obtaining real supply management savings through negotiations and understanding cost reduction
Purchasing Techniques, Negotiation and Cost Reduction training course will provide the skills for negotiating in purchasing and provide the skills to reduce costs, as business organizations throughout the world focus very carefully at their purchasing strategies to increase earnings and reduce costs.
The course will provide all the knowledgeable implementation of the methods, processes that can be utilized to become a leader in efficient supply management and increase savings through negotiation and cost reduction.
Course Outline
Modern Methods in Cost and Productivity
- Understanding and implementing a cost reduction model
- Understanding the concept of “Pareto Optimality” and its application on cost reduction
- Analysing the spending and how to manage/control
- Understanding the concept of “Total cost of ownership model”
- Methods of cost reduction
