Identify credible savings opportunities, select the right levers and demonstrate results
Procurement savings must be commercially sound, operationally achievable and measured consistently. Unclear baselines, narrow price comparisons and unsupported claims can weaken stakeholder confidence and prevent genuine opportunities from being realised.
This practical two-day workshop equips participants to analyse prices and costs, identify savings opportunities and develop a structured savings strategy. Participants will distinguish cost reduction from avoidance and wider value, apply spend and cost analysis, and choose suitable sourcing, demand, specification and supplier levers.
Through realistic exercises, participants will quantify opportunities, document assumptions, obtain stakeholder validation and create an implementation and reporting plan that supports measurable results.
Reserve a place on the next run
Full outline, dates and fees
What you will take away
- A savings-opportunity register
- A prioritisation matrix
- A 90-day savings-delivery plan
Working documents built during the two days, ready to apply in your organisation.
Two days, built for practice
- Define and Govern Procurement Savings
Distinguish price reduction, cost reduction, cost avoidance, productivity and value; set ownership and reporting rules.
- Apply Price and Cost Analysis
Compare quoted prices, market benchmarks, cost elements, margins and cost drivers to understand commercial reasonableness.
- Build Credible Baselines
Establish scope, volumes, periods, assumptions, inflation treatment and evidence so savings can be validated.
- Use Spend and Category Analysis
Identify fragmentation, demand patterns, specification opportunities, leakage and priority categories for action.
- Select the Right Savings Levers
Apply competition, consolidation, standardisation, demand management, specification change, process improvement and alternative supply.
- Create Value through Supplier Management
Use negotiation, value engineering, collaboration, performance improvement and innovation to reduce cost sustainably.
- Quantify and Prioritise Opportunities
Evaluate financial value, implementation effort, timing, dependencies and risk to create a realistic savings pipeline.
- Document, Validate and Track Results
Secure Finance and stakeholder agreement, assign ownership, monitor delivery and communicate realised outcomes.
For managers accountable for savings
Procurement, purchasing, category, sourcing and commercial managers, together with experienced procurement executives responsible for savings or cost improvement. Also useful for finance business partners, cost analysts, operations managers and supply chain professionals supporting margin, productivity or cost-transformation initiatives.
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.
