Strategic Cost Management

Over the last 50 years, global competition has evolved to a level where technology, quality, customer service, delivery and branding are no longer sufficient to differentiate world-class companies. In order to achieve and maintain a sustained competitive advantage, firms must now provide all of the above at a lower cost than their competitors. Which is why Strategic Cost Management is now a crucial element for today's companies.

As cost management moves to the forefront of business strategy, companies are beginning to realize that in order to effectively manage costs, they must first understand the elements that comprise the total cost of ownership (TCO).

Our Strategic Cost Management course delivers clear benefits:

Short Term:

• A proven cost management toolkit that can be utilized in cost negotiations with suppliers
• A disciplined approach for all future cost negotiations and enhanced credibility of procurement professionals
• Techniques to obtain “quick-hits” when applied to specific situations

Long Term:

• A foundation for mutually beneficial supplier relationships
• The ability to be “extremely tough but wonderfully fair” with your supply base
• Sets the stage for implementing on-going collaborative cost management strategies with your supply base using the AIM & DRIVE® process