t. +44 (0)1582 463463
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t. 01582 463463
e. contact@tihtc.co.uk
  • Seven Practical Steps to Sustainable Cost Reduction

Seven Practical Steps to Sustainable Cost Reduction

Overview
The effective application of practical cost reduction tools and techniques, enabling organisations to successfully implement a low-cost paradigm, thus eliminating cost and non-value adding activities.

course objectives

Who should attend?

This course is designed for those who have direct or indirect responsibility for the delivery of sustainable cost reductions, across the supply chain and to maintain the relationship

Format

This one-day programme can be delivered on-site or virtually. 

Special features

The content of this course has been cross-mapped with established competency frameworks and other international standards. 

Expert trainer

Dr Ray Carter runs his own international training and development consultancy, specialising in procurement. A prolific author, his books include Practical Procurement, Practical Supplier Selection and Relationship Management (with Sharon Croome), Practical Contract and Commercial Negotiations (with Kenny Campbell) and Practical Contract Management (with Steve Kirby, Alan Oxenbury and Geoff Kontzle). He has also had numerous articles and papers published in journals such as Supply Management and the Centre for Advanced Procurement’s Praxis publication. Ray is Chairman of the Procurement Best Practice Forum, which is made up of many large blue-chip organisations, the purpose of which is to identify and disseminate supply chain management best practices. Ray’s now famous ‘10 Cs’ of supplier evaluation model, first published in 1995, has become an accepted model for the evaluation of suppliers and contractors and has been adopted by many organisations. It is also part of the CIPS level 3 syllabus. Ray is an external examiner for Salford University and a Fellow of Leicester University.

Workshop outline

1. Introductions and course objectives

2. What are the non-value adds and why do cost rise overtime?

3. Ensuring contract compliance and spend management, effective use of current frameworks and supply contracts to ensure secured benefits are being fully utilised

4. Identifying the key cost drivers and cost pools, thus enabling effective management and control and targeting of resources

5. The use of Value Analysis techniques and templates including specification review, service level and scope review, defining what is really fit for purpose at the lowest total cost

6. Waste elimination and sustainability issues

7. Facilitating Standardisation, Collaboration and Aggregation and thus enabling an effective leverage strategy to be implemented to reduce total costs

8. Understanding the supply market, level of competition, players and the conventions, generating interest, stimulating, contestability thus ensuring value for money

9. Implementation of cost reduction programmes

10. Assist participants to develop Practical Action Plans to improve specific aspects of contract management and administration and thus improve and enhance their performance and contribution

Multiple delivery formats and options
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Face-to-face delivery

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Virtual delivery

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Tailored solutions

Training Areas...

Leadership & management development

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Management & personal effectiveness

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Customer Service Training

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Boardroom effectiveness

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Maximum Coaching

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Specialist Subjects

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