The Course Content
Day One: Setting the Strategic Direction
Defining the supply management mission and vision
Stages to world class Supply Management
Becoming more strategic in procurement
Supply Management skill sets
Developing the Spend analysis
The ABC (Pareto) analysis
Day Two: How do you know that you got a Good Price?
Supplier Pricing models
Defining Cost and Price analysis
Methods of Price analysis
Working with Producer Price Indexes
Developing the Organization’s purchase price index
Estimating Cost in relationships
Day Three: Getting a Better Price by Analysing Cost
Methods of Cost analysis
Major elements of Cost
What and how important are Supplier overheads
Sources of cost information
Analysing Supplier cost breakdowns
Day Four: Using Price, Volume, International Labour and Value Analysis
Global Industrial Labour Rates
Working with Currency Exchange Rates
Cost Volume Profit Analysis
Fixed and Variable Costs Defined
Defining Value Analysis
Checking Supplier Value
Day Five: Total Cost of Ownership (TCO)
Changing Supply Management
Defining TCO
Barriers to TCO
Approaches to TCO
Total Cost Modelling of the Supply Chain
Implementing TCO