Strategic Cost and Value Management in the Supply Chain
Details
- Identify the major costs drivers to recommend cost control measures and strategies
- Analyse the Elements of Cost in Supplier’s Price
- Evaluate total life cycle costs
- Analyse costs within the organisation
- Create an approach to Strategic Cost management
Outline
Setting the Strategic Direction
- The Strategic Planning Process & Models
- Routes to Competitive Advantage
- Price, Cost and Value
- Essential Cost Drivers and Potential Savings
- Stages to World Class Cost Management
Price Down – Understanding and Managing Price
- Supplier Pricing Models
- Krajlic Supply Positioning Matrix
- Methods of Price Analysis
- Strategies and Tactics
- Competition and Partnership – routes to better pricing
Cost Down – Analysing and Managing Internal and Supplier Costs
- Total Cost of Ownership / Life Cycle Costing
- Methods of Cost Analysis
- Major Elements of Cost
- What and How important are Supplier overheads?
- Sources of Cost Information
- Logistics Costs
Driving Cost Out – Supplier Engagement and Cost Elimination
- Inventory, Warehousing and Shipping Costs including Economic Order Quantity
- Cost-Volume-Profit Analysis and Break-Even Analysis
- Cost Engineering
- Fixed and Variable Costs Defined
- Checking Supplier Value
- Profit and Risk Sharing
- What-if Analysis to Build Scenarios and Test Sensitivity
Implementing and Measuring Strategic Cost Management
- Barriers to Strategic Cost Management
- Key Performance Metrics
- Cost Cutting Traps and How to Avoid Them
- Types of Budgets, Their Purpose / Benefits & Problems & Limitations
- Types of Controls - Personnel Action & Results Controls
FOR WHOM:
Stores, Purchasing and Logistics Personnel in the Public and Private Sectors.
TRAINING METHODOLOGY
The training methodology combines lectures, discussions, group exercises and illustrations. Participants will gain both theoretical and practical knowledge of the topics. The emphasis is on the practical application of the topics and as a result participant will go back to the workplace with both the ability and the confidence to apply the techniques learned to their duties.
Speaker/s
Special Offer
Schedules
Tue, Wed, Thu, Fri | 10:00 AM — 04:00 PM |
No. of Days: | 3 |
Alpha Partners is a reputable firm of Training and Management Consultants with many years of corporate training experience in Finance, Accounting, Auditing, Banking, Management, Information Technology, Oil and Gas Sector, Security, Engineering, Public Relations, Secretarial Studies, Leadership, Marketing and other fields of human endeavour.
We are one of the leading players in the profession. Our firm, a multi-disciplinary one with highly talented, experienced and dedicated partners and staff who have experiences in different facets of working life was established in 1996 and has branches in Lagos, Enugu and Awka.
We offer a wide range of professional services, which covers audits, accounting, finance, taxation, ICT, security, engineering, insurance, human resources management, secretarial and consultancy services in all ramifications.
Our numerous clients attest to the high quality services we offer which contribute in no small measure in ensuring sound and efficient management of their resources.