Savings Strategy Development

Learn to develop a procurement strategy that produces big cost savings

Your CEO wants to know:  “Are you executing a strategy for cost savings or are you just ‘winging it?'”

Could you respond by producing a top-notch written procurement strategy? If not, our highly personal and interactive online procurement course  “Savings Strategy Development” can help you.

You will learn a systematic method of establishing a cost savings strategy in your organization. Your plan will be comprehensive.  It’ll cover everything from analyzing your spend to strategic sourcing to continually improving cost savings processes. You’ll also understand many nuances of how to write an RFP within the context of a step-by-step sourcing process.


Purchasing professionals develop a procurement strategy.

SPSM-BOK® Level: 1
Competency: Sourcing
CEHs: 8

2184 member reviews

Purchasing professionals develop a procurement strategy.Savings Strategy Development

Learn to develop a procurement strategy that produces big cost savings

Your CEO wants to know:  “Are you executing a strategy for cost savings or are you just ‘winging it?'”

Could you respond by producing a top-notch written procurement strategy? If not, our highly personal and interactive online class  “Savings Strategy Development” can help you.

You will learn a systematic method of establishing a cost savings strategy in your organization. Your plan will be comprehensive.  It will cover everything from analyzing your spend to strategic sourcing to continually improving cost savings processes. You’ll also understand many nuances of how to write an RFP within the context of a step-by-step sourcing process.

You will learn:

  • How to identify sourcing and savings opportunities by analyzing your spend
  • How to define and calculate several types of cost savings and cost avoidances
  • How to find and take advantage of easy cost savings opportunities
  • How to achieve cost savings by leveraging existing supplier relationships
  • How to negotiate savings without straining a supplier relationship
  • How to diligently manage costs by utilizing the Producers Price Index and developing your own Supplier Price Index
  • How to get everyone to apply the same, proven approach to cost savings by implementing The Ten Phase Approach To World-Class Sourcing
  • How to track the progress of your sourcing strategy
  • How to determine a methodology and strategy when writing an RFP
  • How to write an RFP that is aligned with the final contract
  • How to write an RFP that achieves the perfect balance of standardization and customization
  • How to write an RFP that is aligned with evaluation scorecards
  • How to write an RFP that ensures equitable (“apples-to-apples”) supplier comparisons
  • How to write an RFP with an optimized supplier response format
  • How to report cost savings in a way that will be embraced by executive management

 

How This Online Course Works

  • Start this on-demand course any time after you enroll.  There’s no pre-scheduled start date!
  • This course has 8 lessons. It will take you between 30-60 minutes to complete each lesson.
  • Progress through the course at your own pace.   You will access easy-to-understand reading material, exciting exercises, optional multimedia, quizzes, and even a fun mid-term game!
  • What if you have questions on the material? Ask a friendly, expert instructor any questions you may have!
  • Learn best practices and processes designed so that you can apply your new skills in the real world!

To learn more about how full-length online procurement courses from the Next Level Purchasing Association work, watch this short video.

What are others saying about this course?

"This is the course I would highly recommend to everyone whose responsibilities include spending his/her organization's money whether in private or public sector. This course shows you how to achieve cost savings by becoming a world class strategist. I have definitely gained recognition within my institution after I have started to apply the techniques learned from this course."

JSavings Strategy Development Testimonial by John Habimonaohn Habonimana, SPSM
Procurement Specialist
Kigali, Rwanda

Ready to Enroll?

Option 1:

Learn How to Develop a Savings Strategy

If you are:

  • Responsible for achieving cost savings
  • Looking for a step-by-step guide for developing an effective cost saving procurement strategy

Then “Savings Strategy Development” would be a great course for you.

Bonuses for enrolling by deadline below:

  • FREE printer-friendly, PDF version of the course material
  • FREE Lifetime Purchasing Skills Retention Package

Number of Courses: 1

Length of Training: 6-8 hours

Duration of Access: 60 days

Start Date: Access begins as soon as you enroll

Cost: $229 US

Enroll Now

Option 2:

Earn Your SPSM® Certification

The course “Savings Strategy Development” is one of the six online courses that count towards SPSM® Certification.

Thinking about pursuing your certification? Then, now is the time to enroll in the Senior Professional in Supply Management® Program.  Enrolling in the program will give you all you need to become certified.  That includes this course: “Savings Strategy Development.”

Bonuses for enrolling by deadline below:

Number of Courses: 6

Length of Training: 46-48 hours

Duration of Access: 1 year

Start Date: Access begins as soon as you enroll

Cost: $1,159 US

Enroll Now

The deadline for the pricing and bonuses listed above is July 31, 2016.

 

Interested, but have a few questions?

For immediate assistance, call our office at +1 (412) 294-1990 and speak with a member of the NLPA Team, Monday through Friday from 8AM to 5PM Eastern US Time.

Click on the button below to submit your questions electronically and a member of the NLPA team will contact you within one business day.