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.
SPSM-BOK® Level: 1
Competency: Sourcing
CEHs: 8
![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?
J
ohn 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
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:
- Access to the NLPA Library
- FREE printer-friendly, PDF version of the course materials
- FREE Lifetime Purchasing Skills Retention Package
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
