Make cost savings visible, defensible and reportable
Developing Cost-Savings Strategies is a two-day programme on cost-price analysis techniques and the discipline of building a cost-savings strategy. Participants work from spend analysis and price analysis methodology through to a documented cost-savings model, supported by defined performance measures that management can trust.
Reserve a place on the next run
Full outline, dates and fees
What you will be able to do
- Distinguish and apply cost control, cost avoidance, cost reduction and cost saving
- Apply price analysis methodology to supplier pricing strategies
- Identify potential savings through spend analysis and cost estimating
- Build a cost savings model supported by defined performance measures
- Document and report cost savings to management
What the two days cover
Management expects continual, visible cost savings — and that requires a sustainable approach, built on analysis of total spend and defined performance measures. The programme distinguishes cost control, cost avoidance, cost reduction and cost saving, then works through pricing strategies, price analysis methodology, cost estimating and spend analysis to identify potential cost savings, and through the cost savings model, performance measures, and cost savings documentation and reporting, supported by practical cost-savings examples and case exercises. On completion you will be able to apply cost-price analysis techniques, identify potential cost savings from total spend, and document and report cost savings.
- Digital Impact on Strategic Sourcing and Cost Management
- Pricing Strategies & Price Analysis Methodology
- Management Perspective of Cost Savings
- Cost Estimating & Procurement Category Matrix
- Identifying Potential Cost Savings & Spend Analysis
- Understanding and Applying Cost Control, Cost Avoidance, Cost Reduction & Cost Saving
- Cost Savings Model and Performance Measures
- Effects of Supplier Relationship Management and Value Creation on Cost Savings
- Practical Cost Savings Examples
- Cost Savings Documentation & Reporting
- Relevant & Practical Case Exercises
Written for practitioners
Management expects continual cost savings, and expects them to be visible and documented. The programme is written for Procurement Managers, Category Managers, Cost Analysts, Contracts Executives and Finance Business Partners who negotiate prices, interrogate spend and report savings upward. It suits anyone carrying a savings target who must then document and report the result to management.
Deliver this programme in-house
Run it for your team at your premises — in Singapore or overseas — tailored to your organisation's categories and operations, or go further with a fully customised engagement.
You may also consider: Effective Supplier Management · Managing Tender Evaluation & Contracting