Cost Management Online Training Course

Cutting-Edge Online Training Course Shows Through Real-Life Scenarios & Simulations How to Achieve Lower Costs Across the Buying Cycle for Higher Profits


Why Cost Management Online Training?

No Fluff, No-NonSense, No-Academic Learning. Includes 3 Cutting-Edge, Practical Learning Tools & Methodologies:

1. Scenario Based-E-Learning

2. Real-Life Simulations

3. Micro-Learning

Ensuring You have a real-life experience & providing Effective Learning You can Use at Work.

But let's forget all the technical stuff for a moment and go back to the time you were in college:

Do you believe that listening to a professor would enable you to apply what you have learned?

Or watching basic power-point kind of videos, lecturing you?

Follow/Shadow the Cost Reduction Expert

Imagine now if you could shadow an expert, look how he/she is applying – in real-life scenarios with suppliers and stakeholders – best practices in a simple, structured way. Using a hands-on language. What do you think, wouldn’t that help you more?

That is how our Cost Management Online Training E-Courses have been designed.

The full course [scenario-based e-learning & simulations are] very much relevant to my work. Will start planning and apply the game theory to get maximum gain to our organisation.

Jose Dias - Asst. Purchasing Officer - Dubai Golf

Feedback for Scenario Based E-Learning/CIPP/CIAPP Online Training & Certification

Watch Free Samples from Cost Management Online Training Course

OR

Set Up a Live Demo by Clicking the Button Below & See First-Hand How You Can Shadow the Cost Reduction Expert Built-in the Real-Life Scenario Based E-Learning!


Cost Management Online Training Summary

Includes:

5 E-Courses/3 Micro-Learning/6 Simulations

  • Course - Introduction to Strategic Cost Management for Buyers
  • Course - Cost Calculation
  • Course - Cost Estimation, Should Cost
  • Course - Total cost of ownership (TCO)
  • Course - Value analysis, Value Engineering
  • Microlearning - The Role of Procurement Professionals
  • Microlearning - Reasons for a Should Cost Analysis
  • Microlearning - Cost Avoidance
  • Simulation - Cost Breakdown
  • Simulation - Developing a Cost Breakdown
  • Simulation - Value Analysis
  • Simulation - TCO – Contract Research Organizations
  • Simulation - Supplier Performance Index (SPI)
  • Simulation - TCO 2
  • Simulation - Value Engineering
  • 4 Hours of Online Learning - Equivalent to 16 Continuing Education Hours (CEH) which is 2 Days Class Training
  • 2 Months Unlimited Access
  • USD $497

How Does  It Work?

This program is completely online. Here are the steps:

  • Register & Pay 
  • We will Give Your Account Username & Password 
  • Login Anytime (24/7) & Start the Online Learning Program
  • Watch All Online Scenario Based E-Learning & Related Materials 
  • Complete Simulations

5 Cutting-Edge 21st Century Learning Tools & Methodologies:

Unlike other programs, we use the latest cutting-edge 21st century learning tools & methodologies at every stage of your learning process so that you:

First, Learn Concepts with:

  • Scenario Based E-Learning (20 to 30 minutes each course)

Second, Remember & Internalize that knowledge through:

  • Micro-Courses (5 minutes),
  • PDF Summaries for Reading (5 Minutes),
  • In-course Exercises (1 to 2 minutes) &

Finally apply what you learn in your day to day job and show improvements with:

  • Real-Life Simulations (10 minutes) 

All fully aligned with each other.

Some might not grasp the big distinction that Simulations make. Here's an attempt to 'bridge' the gap. In the words of our clients ...

[online simulations] were helpful because they gave a few examples so I could apply the situations to our world easily and gave great tips along the way on how to use the tools. Applying a real situation to the simulation examples was great in helping me learn to apply the information correctly and with the greatest impact ... The examples were great as well.  

Karen Lawton - Buyer - Parkbridge Lifestyle Communities, Canada

Feedback for Scenario Based E-Learning & CIPP/CIAPP Online Training & Certification

The simulations were tricky but good. … The example tests [in the simulations] were challenging … [and] by answering the simulations scenarios, it gave me an idea on how to tackle certain situations.

Schnelle Augustine - Buyer - Dubai Golf, UAE

Feedback for Scenario Based E-Learning/CIPP/CIAPP Online Training & Certification

  • 4 Hours of Online Learning - Equivalent to 16 Continuing Education Hours (CEH) which is 2 Days Class Training
  • 2 Months Unlimited Access
  • USD $497

Watch Free Samples from Cost Management Online Training Course

OR

Set Up a Live Demo by Clicking the Button Below & See First-Hand How You Can Shadow the Procurement Negotiations Expert Built-in the Real-Life Scenario Based E-Learning!


Cost Management Course Details:

Course 1 - Introduction to Strategic Cost Management for Buyers - 30 Minutes 

  • Price versus cost.
  • Cost management methodologies for cost reduction: cost modeling, TCO & Value Analysis.
  • Cost Management and role of buyer.
  • Cost management approaches per category.

Course 2 -  Cost Calculation - 30 Minutes

  • Detailed cost model & Supplier specific cost model.
  • Complete breakdown on costs.

Course 3 -  Cost Estimation & Should Cost - 30 Minutes 

  • Build a basic Industry Cost Model.
  • Learn to work with industry averages.
  • Starting point for cost negotiations.

Course 4 - Total cost of ownership (TCO) - 30 Minutes 

  • TCO Definition, positioning. & analysis.
  • TCO cost model for supplier selection.
  • TCO cost model for supplier evaluation.

Course 5 - Value analysis & Value Engineering - 30 Minutes 

  • Introduction and Definition.
  • Functional analysis and cost matrix.
  • The process, 'Job Plan'. VA tear down.

Microlearning 1 - The Role of Procurement Professionals - 5 Minutes

  • Provides examples of how buyers can lower total costs through their work selecting and working with suppliers. The task is to apply this knowledge.

Microlearning 2 -  Reasons for a Should Cost Analysis - 5 Minutes

  • Reminds learners of three reasons why they should conduct a should cost analysis. Task is to conduct a should cost analysis.

Microlearning 3 - Cost Avoidance - 5  Minutes

  •  Reminds learners how to present cost avoidance when they have successfully challenged a specification, making 'hard savings' small or even nonexistant.
  • Provides a reminder of the various cost avoidance metrics. Task is to check progress toward a cost avoidance target either given to the learner or created by the learner.

Simulation 1 - Cost Breakdown - 10  Minutes

Simulation 2 - Developing a Cost Breakdown - 10  Minutes

Simulation 3 - Value Analysis - 10  Minutes

Simulation 4  - TCO – Contract Research Organizations - 10  Minutes

Simulation 5 - Supplier Performance Index (SPI) - 10  Minutes

Simulation 6 - TCO 2 - 10  Minutes

Simulation 7 - Value Engineering - 10  Minutes

  • 4 Hours of Online Learning - Equivalent to 16 Continuing Education Hours (CEH) which is 2 Days Class Training
  • 2 Months Unlimited Access
  • USD $497

Watch Free Samples from Cost Management Online Training

Set Up a Live Demo by Clicking the Button Below & See First-Hand How You Can Shadow the Expert Built-in the Real-Life Scenario Based E-Learning!

Who is This Program For?

The Cost Management Online Training is for those looking to implement effective cost management & reduction strategies in their organizations.

This is especially for ...

  • Buyers, Procurement Executives, Contract Managers & other personnel involved at any stage of the buying process 
  • CEOs, CPOs, Procurement Leaders & other Key Personnel, who lead & manage their teams in cost reduction initiatives.

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