Price and Cost Management

The Cost Reduction Training course focuses on implementing practical strategies in procurement and supply chain management to reduce costs while maintaining quality and productivity. Participants will learn to identify cost-saving opportunities, develop cost reduction initiatives, and work with the supply chain to achieve maximum value at minimum cost. The course covers topics such as process optimization, managing contracts, spend analysis, inventory management, and tools and techniques for cost reduction. Targeted at professionals in procurement, sourcing, contract management, and related fields.

The Cost Reduction Training workshop focuses on implementing practical strategies in procurement to reduce costs while maintaining quality, supplier relationships, and productivity in the Upstream business sector. Participants will learn innovative approaches to maximize value and identify cost-saving opportunities. The course covers topics such as process optimization, managing contracts, spend analysis, inventory management, and tools for cost reduction. Targeted at professionals in procurement, supply chain, project management, and finance within the oil and gas industry, the 2-day training aims to develop and implement cost reduction initiatives effectively.

This 2-day course focuses on commercial management and understanding suppliers to maximize value from supply chains. Attendees will gain insights into procurement, supplier pricing methods, costing systems, and financial analysis techniques. The program aims to equip participants with knowledge of market dynamics, economic influences on costs, and effective supply chain management strategies. Suitable for teams implementing supply chain management practices in procurement.

This 2-day course focuses on equipping experienced buyers and teams with the knowledge needed to understand how sellers assess markets, competitors, costs, and buyers to develop effective pricing strategies. Attendees will learn to proactively manage sellers and markets, rather than reacting to their actions. The course covers topics such as costing systems, pricing strategies, market forms, market analysis models, and sourcing strategies. Participants will gain insights into decision-making processes that shape selling and pricing strategies.

This 1-day course focuses on developing a commercial understanding for buyers and sellers in procurement. Participants will learn to analyze purchase portfolios, manage risk, understand market dynamics, segment customers, set prices, and drive suppliers for value. The course aims to help new purchasers understand how procurement adds value in supply chains and how to maximize value for their organization.