An Interactive 2-Day Training Course
Reducing Costs through better Procurement and Supply Chain Management
Course Overview
A changing economic environment requires a change in focus for procurement activities. This interactive 2-day training course will highlight the reduced costs and added value that can be delivered with an appropriate focus on procurement and supply chain management.
This Reducing Costs through better Procurement and Supply Chain Management training course will emphasize how to analyse the existing requirements and spend profile, in order to identify opportunities for short and long term savings and improvements in added value. The course will then help delegates to plan to deliver those changes without compromising quality or supplier relationships.
This GLOMACS training course will feature:
- Discussions on the changing role of procurement and supply chain
- Maximising value for money
- Examining cost drivers
- Improving profitability by controlling total costs
- Understanding and managing supplier pricing models
Training Outline
DAY 1: Identifying Cost Reduction Opportunities
- Introduction: The Role of Procurement and Supply Chain Management
- Benefits and Risks of Cost Reduction for the Organisation
- Understanding Price, Cost and Value
- Categorising Spend
- Spend Analysis to Identify Opportunities
- Cost Reduction Not Cost Transference along the Whole Supply Chain
- Drivers of Whole Life Cost
- Strategies and Tactics
- When to Use Negotiations, Extensions, Tendering and e-Auctions to Improve Costs
- Procurement and Supply Chain Management: Challenges and Solutions
DAY 2: Implementing Cost Reductions
- Introduction: Managing Change
- Cost Reduction Techniques
- How to Deliver Cost Improvements
- Negotiating Changes
- Contractual Blockers to Reducing Costs
- Appropriate Key Performance Indicators (KPIs) to Ensure Continued Performance
- Common Cost Cutting Problems – How to avoid them
- Action Planning to Reduce Costs
Certificates
- On successful completion of this training course, GLOMACS Certificate will be awarded to the delegates
- Continuing Professional Education credits (CPE) : In accordance with the standards of the National Registry of CPE Sponsor, one CPE credit is granted per 50 minutes of attendance
Accreditation
GLOMACS is registered with NASBA as a sponsor of Continuing Professional Education (CPE) on the National Registry of CPE Sponsors. NASBA have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.learningmarket.org.
All Training Seminars delivered by GLOMACS by default are eligible for CPE Credit.
Providers and Associations
About Saudi Glomacs
At Saudi GLOMACS, we specialize in delivering world-class training courses in Saudi Arabia and across various international locations. Our training courses are tailored to meet the unique demands of Saudi Vision 2030 and the Human Capability Development Program, focusing on empowering Saudi citizens and enhancing workforce skills. We offer diverse courses spanning leadership, management, engineering, and technical disciplines to cultivate expertise and drive professional growth. Our flexible learning options—whether in-person, online, or in-house—ensure accessibility and convenience for individuals and organizations alike.
With over 30+ years of experience through the GLOMACS global network, we are committed to delivering innovative, results-driven training solutions. Our expert instructors combine industry knowledge with dynamic teaching methods, fostering practical skill development and long-term career success. By choosing Saudi GLOMACS, you're investing in personal excellence and contributing to the Kingdom’s sustainable economic growth and vision-driven transformation.
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