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Strategic Cost Management
February 8 @ 8:00 am - February 18 @ 5:00 pm$10000
Stiff competition and narrowing margin has compelled organizations to have a strategic look into the make up of their cost of operation, as customers are no longer insisting on quality alone as differentiating factor in the marketplace but also cost of goods and services. Effective cost reduction management will not only remove waste in the system but also increase the organizational profitability, sustainability and its competitive edge. This workshop will focus on a range of practical and effective approaches to implementing a successful cost reduction strategy for all businesses, across all sectors, from public sector organizations to large corporations as well as to gain deeper understanding of cost concepts and drivers while applying analytical tools to achieve tangible results
|What to expect||•Differentiate between price and cost approaches and understand why costs should be properly managed
• Develop a detailed purchase price/cost analysis for a category of spend , both direct and indirect materials
• Better understanding of how properly planned and implemented cost reduction strategy can transform and unluck tangible savings and maximize the organizations resources
• In-depth analysis on how cost can be eliminated, avoided, contained, transferred, shared and reduce for the overall benefit of the organization as well as strengthen its competitiveness
• Learn analytical tools to unearth cost drivers
|Who should attend||Procurement and Related Executives who wish to broaden and develop their capabilities.
This program will also benefit Project Sponsors, Business Owners, Directors, Managers and Supervisors who also wish to broaden, sharpen and deepen their skills and knowledge of costing strategies and its strategic implications in today business environment
|Date||1st – 2nd December, 2020|