Strategic Cost Management: Procurement and Supply Chain 2025

How to secure long term Procurement savings without breaking relations with your suppliers (with the updates 2025)
4.57 (2746 reviews)
Udemy
platform
English
language
Other
category
instructor
Strategic Cost Management: Procurement and Supply Chain 2025
8 859
students
4 hours
content
May 2024
last update
$29.99
regular price

Why take this course?

🚀 Welcome to "Strategic Cost Management" - Your Journey to Mastering Procurement and Supply Chain! 🚀

This comprehensive online course is meticulously designed for procurement, purchasing, and supply chain professionals like you, who are eager to understand the pivotal role of Procurement in a company's success. Join Robert Freemanc, an experienced instructor with real-world expertise, as he guides you through the complexities of strategic cost management and procurement savings without compromising your relationships with suppliers.

🎓 Course Highlights:

  • The Importance of Procurement: Unlock the value of Procurement and its direct impact on a company's profitability – remember, every Dollar saved is a Dollar earned!

  • Pressure for Price Reduction: Navigate the constant drive for cost reduction in today's market without falling into the traps of low price illusions.

  • Pricing Negotiation Strategies: Learn how to approach price negotiations effectively, considering various aspects such as supplier exclusivity, market position, and special competencies.

  • Cost Analysis Mastery: Dive deep into cost analysis with practical exercises on modeling product costs at specific suppliers and applying cost-based pricing strategies. Explore the benefits of economies of scale and how they can impact your bottom line.

  • Long-Term Contracts & Frame Agreements: Understand the importance of securing long-term contracts and frame agreements to protect against market volatility and ensure stability in your supply chain.

🔍 Course Structure:

  1. Understanding Procurement's Role - Discover how Procurement contributes to the company's strategic goals.

  2. Leverage Effect of Procurement: Learn how to maximize savings and profit, emphasizing the 'One Dollar saved = One Dollar earned' principle.

  3. Preparation for Price Negotiations: Master the art of negotiation with a focus on pricing, supplier commitments, market positioning, and exclusive competencies.

  4. Cost Analysis Techniques: Gain hands-on experience in cost modeling and pricing strategies to optimize costs at a strategic level.

  5. Economies of Scale & Cost-Based Pricing: Analyze the impact of increased supply volumes on your costs and how to use this knowledge to your advantage.

  6. Strategic Long-Term Contracts: Learn to create contracts and frame agreements that protect against market uncertainties, such as fluctuations in raw material prices, exchange rates, and technical advancements.

  7. Best Practices & Real-World Application: Implement what you've learned with real-world case studies and best practices from world-class companies.

📚 Why Choose This Course?

  • Real-World Experience: Gain insights from Robert Freemanc's own experience, coupled with best practices he's applied throughout his career.

  • Theoretical & Practical Knowledge: Combine theoretical understanding with practical tools to apply immediately to your work.

  • Easy to Follow Material: Engage with content that is straightforward and easy to comprehend, designed to enhance learning without overwhelming you.

  • Immediate Application: Start using the tools and strategies learned in this course right after completion.

🎥 Course Preview & Bonus

  • Preview Lessons: Get a taste of the course content and see for yourself the quality and value it offers.

  • E-Books on Procurement: As a bonus, Robert is sharing his e-books on Procurement to provide you with additional knowledge, motivation, and inspiration.

💡 Join the Course Now!

Embark on your journey to elevate your procurement and supply chain expertise. By enrolling in this course, you're taking a step towards securing long-term savings without straining supplier relationships. With Robert's guidance and practical tools, you'll be well-equipped to navigate the complexities of strategic cost management.

So, are you ready to transform your Procurement and Supply Chain work? 🌟 Enroll in "Strategic Cost Management" today and unlock a new level of professional excellence! Remember, as a course participant, your feedback is valuable – leave a comment after you complete the course.

See you in the course, Robert Freemanc

Course Gallery

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Comidoc Review

Our Verdict

Strategic Cost Management: Procurement and Supply Chain 2024 course is an engaging learning experience offering actionable strategies, comprehensive insights, and up-to-date knowledge. A few areas for improvement include increasing the pacing of the content, incorporating more quantitative components, and providing real-world case studies that highlight practical applications of strategic cost management concepts.

What We Liked

  • Updated for 2024: Insightful content reflects the latest developments in procurement & supply chain management.
  • Actionable information: Learn to negotiate better agreements, leverage cost-based pricing strategies and enhance supplier relationships.
  • Comprehensive: Provides a solid foundation for understanding procurement fundamentals, including negotiation files and sourcing facts.
  • Real-world examples & storytelling: Engaging content delivery captivates learners with practical insights and interesting anecdotes.

Potential Drawbacks

  • Pacing: Some users express that content progression and lecture duration sometimes feel slow or lengthy.
  • Heavy on theory: A few found the course slightly lacking in real-world case studies, industry-specific examples, or quantitative components.
  • Structure: Occasional feedback mentions the need for clearer section breaks or additional focus on advanced topics in procurement.
1229768
udemy ID
25/05/2017
course created date
12/08/2020
course indexed date
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Strategic Cost Management: Procurement and Supply Chain 2025 - | Comidoc