[Online, NEW] Winning Cost Management Strategies For Procurement
Course Information
  • 19-Sep-2022
  • Online
  • Dr Steven Liew
  • English
  • RM 1350 RM 1230
    Until 01 Sep 2022
  • 9:00am - 5:00pm

[01] INTRODUCTION

In order to be effective in reducing cost for procuring, you will need to learn how to formulate cost reduction strategies and position your organization to negotiate from strength. Risk modelling skills to reduce procurement cost will be analyzed and scenario solutions will be provided under guidance.

 

 

[02] COURSE OBJECTIVES                                                                                                                               
By the end of this course you will be able to:

    - Identify Ways to Shave Procurement Costs

    - Acquire the ability to reduce Procurement Costs Through Direct Material Sourcing

    - Understand when/ how to enhance your Negotiating Power

    - Identify Capex & Operational Expenditure for Saving

    - Apply Risk Modelling Skills for Procurement

    - Formulating the Cost Reduction Strategies for Your Organization Costs

 

 

[03] METHODOLOGY
 

Case Study, Video & Group Discussion. Real-current problematic business cases will be analyzed, and scenario solutions will be discussed within the workshop.

 

 

[04] WHO SHOULD ATTEND

Head of Department, Purchaser, Accountants, Business Managers, Marketing Managers & Supervisors

Special Feature: NOTE: Please bring laptop along

 

 

[05] DATE/ TIME/ FEE

 

Date:    19 - 20 September 2022 (Mon - Tue)

Time:    9.00am – 5.00pm

Mode:   Online/ Interactive

 

FEE:

   - Early Bird Offer (before 1 Sep 2022)     –      RM 1,230

   - Special Offer (before 15 Sep 2022)     –      RM 1,290

   - Normal Fee      –      RM 1,350

 

>> Fee includes Course Notes & Certificate of Completion and 6% Government Service Tax.  Fee excludes any Microcredential charges and processing charge by HRD Corp as may be announced prior to training.

 

** OFFER ** 

- 10% Cashback for SST2u Learner Card+ (SLC+) members. T&Cs applied.

 

 

[06] COURSE OUTLINE

 

Day 1

 

Module 1: Ways to Shave Procurement Costs

    - Review the purchasing process

    - Look at historical data.

    - Spending profiles for key suppliers

    - Explore alternative suppliers

 

Module 2: Three “Cs” of Procurement Cost Reductions

    - Consolidate similar suppliers

    - Consignment-shopping

    - Customer agreements

 

Module 3: Reduce Procurement Costs through Direct Material Sourcing

    - Ensure suppliers share your growth strategy

    - Share R&D costs with selected industry peers

    - Conduct risk management

    - Utilize your brand strategy

 

Module 4: Enhance your Negotiating Power

    - A strong alternative to a negotiated agreement, or BATNA

        - Listing alternatives

        - Evaluating options

        - Establishing the course, you should pursue if the negotiation fails

        - Calculating your reservation value – the lowest value deal you are willing to accept

    - Role power

    - Psychological power

 

Day 2

 

Module 5: Strategy in Purchasing Management- Sourcing

    - Steps in Cost Reduction

    - Identify Operational Expenditure for Saving

    - Identify Capex Expenditure for Saving

    - CFO Initiatives

 

Module 6: Managing Material Costs

    - Procurement

    - Inventory

    - Design errors

    - Technical errors

    - Reject output

 

Module 7: Risk Modelling Skills for Procurement

    - Analyzing the potential risks facing an organization

    - Mitigating controls

    - Weight the financial impact

    - Cost/ benefit decision analysis

    - Risk Model software

 

Module 8: Formulate Your Cost Reduction Problem

    - High production cost

    - High reject cost

    - Cash flow problem

    - High AR- collection Problem

 

 

[07] TESTIMONIALS 

 

“I like the way Dr Steven presentation, easy to understand, at least he is not too serious and no tension.”

       - Sim Yen Fong @ Amy Sim, Senior Accounts Officer, Tiara Labuan Hotel Sdn Bhd

 

 “I find most useful in case study on Strategy in AP Management. Know more the cost reduction & expenses for saving”

       - Toh May Ing, Account Executive, Harvest Aluminum Extrusions Sdn Bhd

 

“AP efficiency can lower the cost of expenses incurred”

       - Pamela Eva, Account Assistant, Kuching Specialist Hospital SB

 

 “What I enjoyed from this cost reduction program is Dr liew sharing on his real experience; Cost saving method & Case Study”

       - HR Manager, Hock Seng Lee Concrete

 

“Thank you Dr liew for guiding us in cost reduction on how to look out for cost reduction areas and the approach to implementation”:

       - Assistant General Manager; Sarawak Produces Industry Co

 

“I really appreciated Mr liew imparting his Real-life story of actual application of cost reduction strategies & many case studies “

       - Plant Controller; Ceramica Indah Sdn Bhd

 

“The case studies and exercises that are most practical & relevant to me are story of Manufacturing cost reduction; Cost Reduction/Turnaround case studies; Johnson- Relates to Speaker Personal experience – Soft landing skill”

       - Purchasing Executive; Ceramica Indah Sdn Bhd

 

 

[08] TRAINER PROFILE

 

Dr. Steven Liew

Certified HRD Corp Trainer Consultant 

 

Dr Steven Liew is a fellow member of the Chartered Institute of Management Accountants, UK and is a Chartered Accountant by profession. He has an Asia Pacific Executive MBA (for senior executives) from the National University of Singapore and a PhD in international finance with Rushmore University of USA.

Dr Liew had worked in private sector companies, ranging from family-run businesses to professionally manage multi-national corporations in South Asia and the ASEAN region. He has accumulated more than 30 years working experience in senior financial & operational management positions spearheading

the profitability and growth of companies. He has worked for the MBF Finance & its related group of companies over the 10 years’ period.

He is a registered Trainer with the Government Human Resources Development Berhad (Pembangunan Sumber Manusia Berhad) and a GST Tax Consultant.

Dr Steven Liew had conducted various seminars for corporate clientele including Association of Credit Man- agement Malaysia, Chartered Institute of Management Accountants, Malaysia Institute of Management, Malaysia Institute of Accountants, Institute of Bank Bank Malaysia, Nestle, IQPC Worldwide Pte Ltd, Singapore, Lexis Nexis,, Proton Edar Malaysia , Brunei Investment Agency, Small Medium Industries Development Corporation , Ministry of Development, Brunei , BICPA Asean Management, Brunei, Risda Group Of Companies, Sales & Marketing Training Forum, Sri Lanka, Giant Retail Sdn Bhd, Telekom Brunei & Ministry of Foreign Affairs, Malaysia, Sabah Electricity Sdn Bhd, Bank Islam Brunei Darussalam. Conti- nental Tyres, Sime Darby Bhd, Sony Malaysia Sdn Bhd, Perodua Sdn Bhd & Credit Guarantee Corporation (M) Bhd; Fujixerox, UDA Holdings, SPNB, Diners Club, Elk Desa Capital Bhd, Antah Schindler, UCSI & Ministry of Finance; Seccom Sdn Bhd; Bridgestone Chemical Prod- ucts (M) sdn Bhd; Dialog Group Bhd; SEDCO, KK; Hosid- en Electronics (M) Sdn Bhd; STO Maldives; Indah Water Consortium Sdn Bhd; CPA Australia (M) Sdn Bhd.

He is currently providing management consultancy and training specialising in Forecasting, Fast closing monthly, leadership, Strategic Planning, budgeting, accounting, finance, cost reduction, credit management & loan recovery.

 

 

[09] ENQUIRY & REGISTRATION

 

Enquiry: Yes@sst2u.com

Contact:

- General (03 - 5888 7357)

- Teo (011 - 3178 9203)

- Logesh (012 - 503 0346)

- Siti (012 - 383 8603)

- Han (019 - 323 0507)