Strategic Cost and Value Management in Procurement

Leveraging world best practice proven in the real business, this Gulf Rowad Strategic Cost and Value Management in Procurement training course will be delivered by a recognized Strategic Procurement Professional who has been leading in complex procurement projects around the world. Exercises, role plays built on a carefully designed case study will maximize hands-on practice.

By the end of this GLOMACS training course, the participants will be able to:

• Identify the major costs drivers to recommend cost control measures and strategies
• Analyse the Elements of Cost in Supplier’s Price
• Evaluate total life cycle costs or Total Cost of Ownership (TCO)
• Analyse costs within the organisation
• Create an approach to Strategic Cost management

This Gulf Rowad Strategic Cost and Value Management in Procurement training course is suitable for a wide range of professionals in the petroleum and construction industries, but will greatly benefit: 

• P&L Owners
• Line Managers
• Cost Engineers
• Project Managers
• Departmental Heads
• Senior Procurement Leaders
• Experienced Procurement Personnel
• Tendering & Contracts Professionals

Organisational Impact

Impact on the organisation in attending this Strategic Cost and Value Management in Procurement training course is profound, including: 

• Understanding the impact of Cost Management in Procurement
• Understanding how cost and management accounting information affects the strategic and operational decisions within the organization
• Understanding of profitability of key customers, and how this effect strategic cost management in the supply chain
• Crafting the right strategies to deliver quantifiable value to the organisation
• Appreciating the latest trend in procurement cost management in some of the biggest MNCs
• Understand the need for change to more strategic and innovative approaches

Personal Impact

The impact of this Strategic Cost and Value Management in Procurement training course to the participants are manifold and includes: 

• Climbing the career ladder for a strategic procurement role vs. administrative role
• Upgraded status in the organization for directly impacting on the profitability of the organization
• Understanding the range of methodologies and techniques required for Total Cost of Ownership reduction
• Being respected as a change champion to lead all departments in TCO reduction
• Being more respected by suppliers for acting more professionally
• Adding consulting skills to his/her competence