"Expanding the Boundaries of Knowledge"


“Cost Reduction: Best Practices, Tools and Techniques”

This practical workshop focuses on a wide variety of tools for designing, implementing and sustaining cost reduction and containment strategies. The program reviews a wide variety of techniques; standardization, simplification, value analysis, consolidation, leveraging, kanban, consignment, ecommerce, value chains and alliances to name a few. It includes lecture and discussion, examples, and exercises. It is supported with a PowerPoint presentation and a bound handout and is suitable for a wide range of purchasing and supply professionals.

 

Targeted Areas of Knowledge

  • Cost / Price Analysis Concepts
  • Pricing Theory and Competitive Pricing
  • Cost Based Pricing vs. Market Pricing
  • Seven Levels of Competition
  • Four Types of Price Comparison
  • Criteria for Competitive Bidding
  • Sources and Types of Prices
  • Cost Analysis and Cost Models
  • Obtaining and Analyzing Cost Data
  • Profit Analysis
  • Profit Principles
  • Learning Curves
  • Life Cycle Cost Concepts
  • Benefits of Value Engineering & Value Analysis
  • Five Phases of a Value Program
  • Supplier Involvement in Value Programs
  • Tools for Reducing Price and Cost
  • Supply Base Reduction
  • Negotiation

Most Likely to Attend

This program is valuable to new supply management professionals interested in expanding their knowledge and skill sets; experienced professionals wishing to refresh and update their skills; and personnel who interface with purchasers or suppliers, including those from quality, engineering, finance, production, transportation, distribution and engineering.

Participants Will Take Away

  • New knowledge of cost reduction and avoidance strategies and opportunities
  • Tools and techniques ready to be put into use at work the next day
  • Sample templates and checklists to facilitate the application of learned concepts.
  • Suggested supplemental reading to reinforce learnin
  • Certificate of program completion with up to 14.0 continuing education hours (CEH's)

 

 
Copyright 2005 Perpetual Frontiers. All rights reserved. A CAPITAL DIGITAL Production.