An Intensive 5 Day Training Course Strategic Cost and Value Management in the Supply Chain 01-05 Oct 2017, Dubai 14-JUN-17 This course is Designed, Developed, and will be Delivered under iso Quality Standards
Strategic Cost and Value Management in the Supply Chain Why Choose this Training Course? This training course explores the key concepts of Strategic Cost/Price Analysis, Value Analysis, and Total Cost of Ownership that will move today s organization to the strategic focus needed to achieve world-class performance. This PetroKnowledge course will look at how to deliver price reduction, cost reduction and cost avoidance in modern organisations. Strategic cost management is vital and increasingly important for all organisations. As global economic conditions place an increased focus on cost reduction to maintain profitability, it is essential that costs are managed in ways that ensure continued performance in strategic areas, and increase value for the organisation and stakeholders overall. This training course leads delegates through development and implementation of carefully crafted strategies for managing costs while improving quality and productivity. This training course will feature: Setting strategies for world class strategic cost management Maximising value for money Examining costs drivers Improving profitability by controlling total costs Understanding and managing supplier pricing models What are the Goals? By the end of this training course, 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 Analyse costs within the organisation Create an approach to Strategic Cost management Who is this Training Course for? This training course is suitable to a wide range of professionals but will greatly benefit the following individuals who belong in the Oil, Gas & Petrochemicals Industry: Purchasing, Procurement, Contracts, Contract Administration, Projects personnel Professionals who are engaged in planning either at strategic or operational level Professionals who are responsible for the management of costs Those engaged in the management or operation of projects Those responsible for developing, managing or working with budget/cost constraints Those with an interest in strategic planning and costs management How will this Training Course be Presented? This PetroKnowledge course will utilise a variety of proven highly interactive adult learning techniques to ensure maximum understanding, comprehension and retention of the information presented. The course is highly interactive and will prompt delegates to reflect on their current practices and goals. The tutor will guide and facilitate learning using a wide range of methods including direct input, discussions, case studies and exercises in groups and pairs. www.petroknowledge.com
Daily Agenda Day One: Setting the Strategic Direction Competency Description: The overall strategic direction of the organisation will determine how to control costs and obtain value from the supply chain. World class performance requires both the right direction and excellence in implementation Strategy development Developing Competitive Advantage Understanding price, cost and value The Strategic Planning Process & Models Porter s 5 Forces model Routes to Competitive Advantage Price, Cost and Value Essential Cost drivers and Potential savings Stages to World Class Cost Management Day Two: Price Down Understanding and Managing Price Competency Description: Price is a major determinant of costs for the organisation. By understanding and managing the prices charged by suppliers and contractors we can ensure continued Quality at appropriate prices. Analyzing supplier approaches Segmenting the supply chain Managing Project costs Analysing Prices Supplier Pricing models Krajlic Supply positioning matrix Methods of Price analysis Strategies and tactics Competition and partnership routes to better pricing Strategic Cost and Value Management in the Supply Chain
Membership No.: 125094 Day Four: Driving Cost out Supplier Engagement and Cost Elimination Competency Description: Delivering value for the organisation requires working with suppliers and contractors. There is no one size fits all solution, and each key supplier needs to be engaged appropriately. Understand the importance of fixed and variable costs Analyse the profitability of suppliers Minimise logistics costs Lead by example with H&S Create options for cost elimination Day Three: Cost Down Analysing and Managing Internal and Supplier Costs Competency Description: Costs are different to prices, and include both internal and external elements. In order to control costs we need to look at how costs arise (and can be avoided) all along the supply chain. Calculating whole life costs Comparing supplier costing Estimating supplier overheads Minimising internal costs Analysing Supplier cost breakdowns Total Cost of Ownership/Life Cycle Costing Methods of Cost analysis Major elements of Cost What and how important are Supplier overheads Sources of cost information Quality CertifiCation Member of Inventory, warehousing and shipping costs inc. Economic Order Quantity Cost-Volume-Profit Analysis and Break-Even Analysis Cost engineering Fixed and Variable Costs Defined Checking Supplier Value Profit and risk sharing What-if Analysis to build scenarios and Test Sensitivity Day Five: Implementing and Measuring Strategic Cost Management Competency Description: Costs can only be controlled and value created if we measure the right issues in the right ways. If we use inappropriate measures we may even increase costs in our attempt to control them. A coordinated measurement process is the best way to proceed. Developing & Implementing a Cost Control Ethos Establish appropriate measurement Avoid common traps Develop personal action plans Barriers to Strategic Cost Management Key Performance Metrics Cost cutting traps and how to avoid them Types of Budgets, their Purpose/Benefits & Problems & Limitations Types of Controls - Personnel Action & Results Controls Clear Concepts. Clean Environment. The PMI Registered Education Provider logo is a registered mark of the Project Management Institute, Inc. Strategic Cost and Value Management in the Supply Chain
Strategic Cost and Value Management in the Supply Chain Course Dates, Venues and Fees 01-05 Oct 2017 Dubai $4,500 This fee is inclusive of Documentation, Lunch and Refreshments Please use BLOCK CAPITALS to fill in this form. It is important that you read carefully through all information before starting to complete the form. Registration Details Family Name: First Name (Mr./Ms.): Position: Company: Mailing Address: Telephone: Mobile: Fax: Email: Authorisation Authorisation By: Position: Company: Mailing Address: Telephone: Mobile: Fax: Email: In-house Training Maximize your training budget and have several members of your staff, who require specific training, to attend with the advantage of not incurring additional travel costs when attending a public training courses & seminars. Would you like a PetroKnowledge training course delivered at a time or location to suit you? Would you like PetroKnowledge to tailor a course from our comprehensive library of programmes? Or would you like us to create an entirely new, bespoke course to suit the exact needs of your organisation? Working in partnership with our clients, PetroKnowledge provides an enjoyable, creative learning experience that enables participants to develop their skills and knowledge. We can deliver not only generic, off-the-shelf courses from our extensive learning portfolio, but we can provide tailored as well as bespoke learning on any aspect of skill development or knowledge. Our in-house courses are conducted by the same expert trainers who conduct PetroKnowledge public courses so you can be assured they will fulfill the learning objective of any organisation
Booking Terms & Conditions Booking Bookings for courses can be made via our website (petroknowledge.com) or by contacting our Registration Desk on +971 2 5577389 or at reg@petroknowledge.com For on-line bookings, please select the course that you require and click on the Register Now button, following the instructions step by step Upon receipt of booking in order, enrollment on the respective training course will be confirmed by Registration Team with all necessary documentation Invoicing and Payment Our fees include course presentation, relevant materials, physical & digital documentation, lunch and refreshments served during entire training. Accommodation charges are not included in the course fees Course fees are payable upon booking unless a valid, authorized Purchase Order is provided and accepted Invoices will be sent via email/courier to the ID/name and address provided We prefer to have the fees payment in our account before the start of training course. However, if your company has a different payment policy, the same should inform us in advance The currency of fees is in US Dollars (USD). Payments can be made in USD or UAE local currency AED (Arab Emirates Dirhams) either by Bank Transfer or by Credit Card. Our Bank Account details will be provided on the Invoice Please note that we do accept payment by cash, in USD or AED, only for the last minute bookings Cancellation of Courses It may be necessary for PetroKnowledge to amend or cancel any course, course times, instructors, dates or published fees due to unforeseen circumstances and we reserve the right for such changes Any amendments will be advised before the course start date and any bookings already paid in full will not be subject to increased fees Cancellation by Client Once you have completed your booking, received your confirmation of enrollment and a dated payment Invoice, you are deemed to have a contract with PetroKnowledge. You reserve the right to cancel this contract given the below terms All cancellations must be received in writing at reg@petroknowledge.com and info@petroknowledge.com at least 14 days prior to the training After the cancellation period has expired, consideration may be given, on a case to case basis, if a registered delegate nominates a substitute on the same course, shifts to next session of the course or moves to a new course For a cancellation request made on or before the statutory 14 day cancellation period, a refund may be given or a credit note issued which can be used against future course fees A 25% administration fee (of the total course fee at the time of booking) will be charged for any cancellations made outside of the statutory cancellation period Attendance Certificate The daily course schedule should be accurately followed to ensure undeterred implementation of our training All delegates, who participated in their course throughout, will receive the Certificate of Completion on the last day Please report any foreseeable absences to a PetroKnowledge representative or to your sponsors directly An absence of three (3) or more sessions of the course will invalidate your eligibility for the Certificate of Completion T: +971 2 5577 389 F: +971 2 5577 128 E: info@petroknowledge.com P.O. Box: 135120, Abu Dhabi, U.A.E. www.petroknowledge.com