Why
Chose this Training Course?
This
interactive training course leads delegates through the development and implementation of carefully crafted
strategies for the acquisition of all goods, parts, equipment, and services. This is a critical issue for all
organizations wishing to reduce operating cost while improving quality and productivity.
This
training course explores key concepts of Strategic Cost/Price Analysis, Value Analysis and Total Cost of
Ownership that will move today’s supply management organization to the strategic focus needed to achieve
world-class performance. Organisations sticking to out-dated procedural and tactical approaches will be out
competed by leading organisations utilising the latest approaches and techniques to ensure that their supplier
base matches their ambitions.
This
York Britishtraining course will feature:
Setting
strategies for world class procurement
Maximising
value for money
Options
for International supply chain sourcing
Improving
profitability by controlling total costs
Understanding
and managing supplier pricing models
What
are the Goals?
By
the end of this York Britishtraining course delegates will be able to:
Analyse
the elements of cost In supplier’s price
Understand
differences in international labor rates
Evaluate
supplier’s different pricing models & analyse supplier’s price breakdowns
Understand
methods of price and cost analysis
Create
an approach to implementing TCO analysis
Who
is this Training Course for?
This
York Britishtraining course is suitable to a wide range of professionals, but will greatly benefit:
Purchasing,
Procurement, Contracts, Contract Administration, Projects personnel
All
others who are involved in the planning, evaluation, preparation and management of purchasing and
contracts that cover the acquisition of materials, parts, equipment, and services, and who are in
organizations whose leadership want high levels of excellence in those involved in these
activities
How
will this Training Course be Presented?
This
training course will utilise a variety of proven adult learning techniques to ensure maximum understanding,
comprehension and retention of the information presented.
The
course is highly interactive and will prompt delegates to reflect on their current practices and goals. The
tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case
studies and exercises in groups and pairs.The Course Content
Day One: What are Contracts and how are they Created?
The need for contractual relationships
What is needed to create a valid contract? Ingredients and formalities
Authority and agency
The tender process
Alternative sourcing
Making contracts enforceable – with particular emphasis on the international context
Day Two: The Structure of Contracts
Form of Agreement
Hierarchy of Terms and Conditions
Different contractual structures
Traditional and new
Risk and Title (ownership) in international trade - When does it transfer?
Notices and other formalities
Which law and which courts?
Day Three: Collateral Documents
Securitising performance obligations
Bonds and guarantees
Parent company guarantees
Letters of intent, comfort or awareness
Insurance policies
Assessing the need for financial security
Day Four: Change and Variation
Changes to Contract documents
Assignment/Novation explained and distinguished
Variation clauses and changes to the scope of work
Claims – what they are and how they arise
Delay and disruption
Force majeure
Day Five: Resolving Disputes
Conflict avoidance and tiered dispute resolution clauses
Negotiation
Litigation
Arbitration
Mediation, ENE and new best practices in dispute resolution and management
Final questions and review
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