Procurement and Cost Reduction Management

This program is designed to explore the practices generally viewed as leading to World-Class performance in purchasing so that participants can determine where they are now and begin immediate implementation of the steps needed to create maximum total value for their organization

Purchasing commands a significant position in most organizations since purchased parts, components, and supplies typically represent 30 to 60 percent of the total cost of sales. A small cost reductions gained in the acquisition of materials can have a greater impact on profits than equal improvements in other cost-sales areas of the organization.