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    Events Details

      Event Type

      Training

       

      Industry

      Purchasing and Supply Chain

       

      Date

      04 Aug - 05 Aug 09

       

      Venue

      Berjaya Time Square Hotel & Convention Centre, Kuala Lumpur, Malaysia

       

      Register

       

Implementing Cost Reduction Initiative
Purchasing and Supply Chain | Training | 04 Aug 09 - 05 Aug 09
Berjaya Time Square Hotel & Convention Centre, Kuala Lumpur, Malaysia

Summer Courses for Purchasing Managers

 

Benefit Of Attending
 
Upon completion of this seminar, participants will know:
  • Explore 20 cost reduction methods and gain substantial savings
  • Learn proper Cost Reduction Reporting Procedures
  • Streamline and improve your supplier performance
  • Master data mining and learn the art of strategic plans
  • Accurately monitor your cost improvements
  • Learn how to get control of your time with the all important ABC analysis
  • Develop your skill in handling Purchase Price Indexes
 
Course outline
 
Purchasing Savings Impact on the Bottom line
See that purchasing savings go right to the bottom line whereas a small percentage of sales hit the bottom line
  • The need for change
  • Purchasing savings model
 
Essential Issues in Cost Reduction Initiatives
  • A check list resulting for experiences
 
Cost Reduction Reporting Procedure
A formal reporting process is essential for you to have a successful initiative and to motivate people to search for savings
  • Difference between cost reduction and avoidance
  • Types of reduction
  • Sample reporting form
 
Continuous Improvement Skill Sets
This will give you an essential skill set and training
  • A comprehensive list of crucial skill sets
 
Data Mining
The 1st critical step for you to perform world class purchasing is to have a spend profile
  • Sources of data to develop the spend profile
  • Developing the spend profile
  • Commodity codes
  • Developing the ABC analysis.
 
Opportunity Assessment
After the spend profile is developed, you need to show how to analyze data. Included are some essential tools used by very few purchasers
  • Analyzing the spend profile
  • A demonstration of how to use Pivot Tables, Filters in Excel
 
Develop Opportunity Hypotheses
This will enable you to identify specific opportunities and how to rank them
  • User group brainstorming sessions
  • The Improvement Opportunity form
 
Purchase Price Index
This will show you how to develop a KPI to show positive savings performance even when prices are increasing
  • Developing company purchase price index and comparing to external Indexes
 
Cost Reduction Methods
This will clarify typical savings methods and enable you to implement improved performance
  • Benchmarking
  • Early Purchasing
  • Supplier Involvement
  • Supplier reduction
  • Advancing supplier relationships
  • Supplier qualification methods
  • Supplier performance measurement
  • Strategic alliances
  • Understanding of supply marketplace
  • Developing commodity plans
  • Resisting price increases
  • Reengineering processes
  • Negotiations
  • Inventory reduction
  • Improving terms & conditions
  • Long term agreements
  • Information Systems
  • Value analysis
  • Reducing Waste in the supply chain
  • Defining Price/Cost Analysis

 



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