Strategic Cost Management, A Collaborative Approach. Cost reduction will continue to be a priority for organizations in multiple sectors. To drive value, organizations must look beyond price reduction achieved through strategic sourcing, and begin to think about impacts to other elements of cost.
Key Topics of the Webinar:
- The impact on working capital through improved supplier integration as an overlooked opportunity
- Creation of total cost of ownership models
- Building “should-cost” models as a way to identify and exploit opportunities for joint cost reduction initiatives with suppliers
- Seeking improvements in cost that do not impact supplier’s profits, but reduce the price of materials and services to buyers.