Procurement Cost Management

COURSE SUMMARY

• The contribution of effective procurement to corporate performance
• Achieving cost reduction through better procurement
• Understanding supplier pricing methods
• Using break even analysis
• The development of open book costing approaches to encourage the ‘should cost’ of bought out products and services
• Purchaser pricing methods, such as fixed, target costing, contract price adjustment and unitary pricing
• Understanding accounts- balance sheets, profit and loss statements
• Using ratio analysis to understand suppliers costs
• The use of investment appraisal and discounted cash flow techniques to achieve total cost of ownership methods
• Review and evaluation

LEARNING OUTCOMES:

By the end of the programme, delegates should be able to:

• Identify direct and indirect costs and how these can impact on suppliers’ pricing
• Operate different techniques aimed at questioning fees or prices paid to external suppliers
  Review different pricing strategies that a supplier may deploy
• Recognise sources of information on suppliers’ corporate and financial performance
• Calculate basic ratio analysis and to use these to evaluate the reasons for the changes in suppliers’ performance

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