Savings Strategy Development

Learn to develop a world-class savings and sourcing strategy


1383 student reviews

Your CEO wants to know: "Are you executing a cost savings strategy or are you just 'winging it'?" Could you respond by producing a top-notch written 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, covering 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, plus...

  • How to define several types of savings and avoidances
  • How to create or improve a commodity classification system that optimally supports sourcing and savings initiatives
  • 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

Sign Up For This Online Purchasing Class

A great thing about this online class is that you are GUARANTEED to be able to apply what you learn to your work. That's right - your online learning experience is 100% risk-free. If you are not satisfied for any reason whatsoever, let us know within seven days of signing up and you will get a hassle-free refund. But you'll undoubtedly be delighted, just like this purchasing professional:


Purchasing Best Practices - Learn 14 Purchasing Best Practices "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"

John Habonimana, SPSM
Procurement Specialist
Kigali, Rwanda

Here's how this online class works. Within 24 hours of signing up, you will receive an email containing a user name, a password, and instructions. After receiving this email, you will be able to begin the class immediately!

That's right – you start the course when YOU want to, not when a schedule demands that you start. You don't have to wait to start transforming yourself into a world-class purchasing professional. You will log into the online classroom through NextLevelPurchasing.com and will be able to access the eight lessons of the class for 60 days. (NOTE: Enrollees in the SPSM Certification Program get access for 2 years.)

You can complete the eight lessons of the course whenever you want to, as quickly or deliberately as you would like. There is no specific time that you have to be online. Each lesson takes approximately 30 to 60 minutes to complete. You can stop after doing each lesson or take multiple (or even all) lessons at one time. So for any given time that you choose to log in to the online classroom, you might spend just 30 minutes online (to take just one lesson)or up to eight hours online (if you want to complete the entire class in one sitting). It is all up to you! By participating in these lessons, you will:

  • Read powerful, practical, and easy-to-understand class material
  • Engage in exciting hands-on, interactive, Web-based exercises
  • Listen to optional audio clips of the material
  • Watch optional video summaries of each lesson
  • Take quizzes that provide you with immediate feedback
  • Play a fun mid-term game to reinforce your learning
  • Ask questions of our instructor and get personal responses quickly

By enrolling in this class, you will be on your way to earning your SPSM® Certification. Savings Strategy Development satisfies a portion of the requirements towards earning the SPSM® Certification.

When you complete this purchasing training class, you will receive a Certificate of Completion which awards you with 7 Continuing Education Hours*! This full-color purchasing certificate is sent to you by postal mail and is suitable for framing. Here's what our certificates look like:

Fundamentals of Purchasing - Purchasing Fundamentals

By completing this course you will also gain access to the Lifetime Purchasing Skills Retention Package, free of charge. The Lifetime Purchasing Skills Retention Package is designed to support a lifetime return of your training investment through skills-sharpening material and services that are absolutely free. This service is available for every full-length course you complete and includes:

  • Monthly retention emails which focus on important course learning objectives
  • Access to a Quick Reference Guide which allows you to review key points on demand
  • Invitations to quarterly review webinars

And if you sign up for this purchasing training class on or before April 30, 2014, you will get all of these bonuses:

  • FREE printer-friendly, PDF version of the class material!
  • FREE Purchasing Performance Measurement spreadsheet template!
  • FREE access to educational Web-audio interviews with supply chain leaders!

The class and all of these bonuses are yours for only $229 (US) per student . Don't procrastinate and lose out on all of these bonuses.

Need more information? Click here to send us your questions.

Other Online Classes Available:

SPSM Certification Program (6 classes)
Mastering Purchasing Fundamentals
Microsoft Excel for Purchasing Professionals
Supply Management Contract Writing
Powerful Negotiation for Successful Buying
14 Purchasing Best Practices
Expert Purchasing Management
Professional Purchasing Project Management
Basics of Smart International Procurement
Executing a Global Sourcing Strategy
Finance for Strategic Procurement, Part I
Finance for Strategic Procurement, Part II
Profitable Inventory Management and Control
Improving Quality in the Supply Chain
Dominando los Fundamentos de Compras
Managing Supplier Performance (FREE Express Course)
Negotiation No-No's (Express Course)
15 Rules For Ethical Supplier Interaction
Secrets of Painless Services Contracting, Part I
Secrets of Painless Services Contracting, Part II
Increasing Your Personal Productivity, Part I
Increasing Your Personal Productivity, Part II
Preventing and Managing Backdoor Selling
How To Plan For Outsourcing Success
7 Critical Steps of Effective Supplier Selection
Procurement KPI's & Business Acumen, Part I
Procurement KPI's & Business Acumen, Part II
Procurement KPI's & Business Acumen, Part III
Procurement KPI's & Business Acumen, Part IV
Tips For Regret-Free Supplier Communication
How To Take Charge of Your Procurement Career
Supplier Development Program Basics, Part I
Supplier Development Program Basics, Part II

*Participants who successfully complete this program will receive the specified number of hours of continuing education. They may be applied toward Next Level Purchasing's SPSM Certification program requirements as well as ISM C.P.M. recertification and/or A.P.P. reaccreditation program requirements. ISM's consent to provide a program number for this educational event is not an endorsement of this program or its content by ISM.

** Amazon.com is not a sponsor of this promotion. Amazon, Amazon.com, and the Amazon.com logo are registered trademarks of Amazon.com, Inc. or its affiliates. Amazon.com gift cards are issued by ACI Gift Cards, Inc. Restrictions apply to Amazon.com gift cards. Gift cards are redeemable only for purchases of eligible products on www.amazon.com and may not be redeemed for cash, unless prohibited by law. See www.amazon.com/gc-legal for complete terms and conditions. Next Level Purchasing will send your Amazon.com gift card by email approximately 8-12 days after you enroll.