Cost Reduction for Procurement: Using Demand-side Tools
With CRFT Productions and Martin John
Liked by 317 users
Duration: 51m
Skill level: General
Released: 5/17/2023
Course details
If you own or manage a business, there’s so much you have to keep in check. From balance sheets and overhead to product procurement, demand, and delivery, you’re responsible for ensuring growth and profitability while also finding ways to cut costs. But what’s the secret to effectively reducing your costs? You need to start shaping your demand.
In this course, join instructor Martin John as he explores practical, real-world business management strategies to reduce costs for your business. Get an overview of procurement, cost reduction, and how to make sense of addressable spends. Discover the eight most important demand-side levers and how to use them to your advantage, including demand reduction, value engineering, value analysis, should-cost modeling, specification management, demand aggregation, order quantity optimization, and demand forecasting. Along the way, get tips on how to avoid common pitfalls, even during challenging economic times.
This course was created by Martin John and CRFT Productions. We are pleased to host this training in our library.
Skills you’ll gain
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Download or print out as PDF to share with others
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Meet the instructors
Learner reviews
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Divya Singh
Divya Singh
Senior Procurement Associate @ Third Bridge Group Limited | Value Creation 🎯 | MBA/PGDM, Purchasing Negotiation💲|
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Contents
What’s included
- Practice while you learn 1 exercise file
- Learn on the go Access on tablet and phone
- Stay up to date Continuing Education Units
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