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Purchasing Techniques, Negotiating and Cost Reduction

By: Multimix Academy Limited

State, Nigeria

12 - 14 Jun, 2013  3 days

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Prices for almost everything are up. Today, about the only things that are down are the value of the naira and the stock market. So what are your plans for profitability in this climate? Raising prices puts your business at a competitive disadvantage. Reducing capital expenditures and employee layoffs aren't good for growth either. The answer for many small and mid–market companies is the adoption of best practices in purchasing. Implementing best practices in purchasing isn't without its challenges, but the results can be dramatic. Industry analysts suggest that each $1 in savings has the same impact as $5 in new revenue to the typical company. Understand the strategic role of the purchasing department. Perform accurate supplier evaluation. Learn the importance of value analysis to purchasing. Evaluate the performance of the department using proper KPIs. Improve the efficiency of the purchasing function.The need to develop a focused, disciplined procurement process utilizing purchasing best practices cannot be underestimated. A recent Aberdeen Group study found that enterprises have been able to achieve 5% to 20% cost savings for each new dollar of spend brought under management

Multimix Global Learning Centre. 3rd Floor, Tapa House, Imam Dauda Street, By Sunflag, Eric Moore, Surulere, Lagos Jun 12 - 14 Jun, 2013
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08033071166, 07031610371