DURATION

3 Days

DESIGNED FOR

Managers and professionals in purchasing, procurement, and contracts and those involved in operations, engineering, maintenance, quality, projects, and other company activities that expose them to suppliers and buying activities for production, maintenance, equipment, MRO, services, and other outside purchased requirements. 

YOU WILL LEARN

·         The importance of price/cost analysis in continuous improvement programs

·         The difference between price and cost analysis

·         Methods of price analysis

·         How to manage volatile markets

·         Use of Producer Price Indexes

·         Methods of cost analysis

·         Development of "Should Cost"

·         Types of TCO models

ABOUT THE COURSE

Managing and reducing cost continues to be one of the primary focal points of PSCM in Oil and Gas today.  In many organizations, more than half of the total revenue is spent on goods and services—everything from raw material to overnight mail.  Maintaining a competitive position and even survival will depend on the organization’s ability to use all of the continuous improvement strategies which have been developed to reduce cost across the entire supply chain for the life of the product or service.  Fundamental to developing and implementing these strategies is knowledge of Cost/Price Analysis, Value Analysis and Total Cost of Ownership concepts.  This course provides the concepts of Cost/Price Analysis and Total Cost of Ownership that are essential skill sets in developing and implementing the strategies required to achieve the high levels of cost reductions possible from the supply chain.

COURSE CONTENT