Program overview:

As companies in supply chains look for ways to differentiate themselves in the 21st Century, technology, quality, service and timely delivery may not be the answer. However, providing all of these at a lower cost than that of a rival supply chain will ensure long-term profitability and survival. In the Strategic Cost Management training, participants will learn about the different cost models for analyzing cost in the supply chain.

In this program participants will learn how to analyze the costs behind the price. Using various sources, from industry benchmarks to financial reports, participants will be trained in applying various cost models in practice (should cost, percentage of sales, quote analysis etc.). Another method dealt with in this course to analyze supply chain costs is Value Analysis (VA). VA is a methodology for identifying and dealing with the factors that cause un-contributing cost or effort in products, processes, or services.

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E-learning, 3 hours

Classroom, 2 days

Target audience:

• with a bachelor or master degree (or on equivalent level via work experience) with at least 3 years of procurement/supply management experience, mastering core procurement/supply management skills and at least 3-5 years of business experience;
• who are involved in discussions internally and with suppliers to reduce overall cost in the supply chain.