Practical Cost Management and Reduction by Using Supply-Side Tools

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CRFT Productions and Martin John

53:22

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1. Welcome

001. What's in this course.mp4

01:49

2. Cost Reduction Essentials

002. The philosophy of cost reduction.mp4

03:00

003. The foundations of cost management.mp4

02:06

004. Where to find cost reduction opportunities.mp4

04:25

3. Key Contexts You Need to Know

005. Understanding market context and portfolio analysis.mp4

04:28

006. Understanding your suppliers viewpoint.mp4

04:05

4. The Eight Supply-Side Levers

007. What are supply-side levers.mp4

00:44

008. Using benchmarking for cost reduction and management.mp4

03:18

009. The cost benefits of supply chain mapping.mp4

02:08

010. Utilizing demand consolidation for cost reduction.mp4

03:42

011. Utilizing consortium purchasing for cost reduction.mp4

02:47

012. Use competitive bidding to reduce costs.mp4

03:50

013. Amplify competitive tension with eAuctions.mp4

03:39

014. How to negotiate with suppliers.mp4

04:55

015. How to benefit from discounts, rebates, and incentives.mp4

03:23

016. Supply-side wrap-up.mp4

00:31

5. Is Your Saving Real

017. Saving methodologies Cost savings, cost avoidance, and benefit to budget.mp4

03:48

6. Conclusion

018. Continue managing and reducing costs using supply-side levers.mp4

00:44

Description

How do you hit a seemingly impossible cost reduction target, especially when you’ve already exhausted all your internal opportunities to save? Your best bet is to start looking outward so you can cut costs from the other side. In this course, join instructor Martin John as he shows you how to reduce costs externally—and save even more using supply-side tools.

Discover actionable techniques used by successful procurement professionals who are always looking for new cost reduction opportunities. After exploring the essentials and key market-based contexts, Martin gives an overview of the eight most important supply-side levers that you can use to start reducing your costs immediately. Explore the power of tools such as benchmarking, supply chain mapping, demand consolidation, consortium purchasing, competitive bidding, e-auctions, supplier negotiation, as well as discounts, rebates, and incentives.

This course was created by Martin John and CRFT Productions. We are pleased to host this training in our library.

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Cost Accounting

CRFT Productions and Martin John

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LinkedIn Learning is an American online learning provider. It provides video courses taught by industry experts in software, creative, and business skills. It is a subsidiary of LinkedIn. All the courses on LinkedIn fall into four categories: Business, Creative, Technology and Certifications. It was founded in 1995 by Lynda Weinman as Lynda.com before being acquired by LinkedIn in 2015. Microsoft acquired LinkedIn in December 2016.