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Managing Total Cost of Ownership

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Measure, manage and improve the total costs of goods and services throughout their lifecycle.

Date:

November 24, 2021

 

Closing Date for registrations:

17 November

Course Venue:

Online, instructor-led training

Cost:

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R 3250 excluding VAT

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Course Objectives

Measure, manage and improve the total costs of goods and services throughout their lifecycle.

Next date: 24 November

If you are optimizing an area of spend, the tools in this course will be crucial: document step-by-step the lifecycle of any goods or services purchased. Analyze the costs throughout the lifecycle, identify cost elements and look at foolproof mathematical methods for calculating total costs.

Fully exploit the opportunities of real cost savings through a spreadsheet-based model: you will be able to create a baseline for procurement costs against which you can measure future savings.

This session is NOT intended for individuals who already have extensive experience and knowledge in calculating, measuring, and managing TCO. However, it will be valuable for those who have a fundamental understanding of the process but require practical, step-by-step guidance in ensuring that TCO is effectively calculated.

You will learn

  • Un-pack a step-by-step approach documenting the lifecycle of goods and services purchased., Review a case study of the costs of a commodity throughout its lifecycle, identify cost elements and examine fool-proof mathematical methods for calculating total costs., Through using actual sample information we will build a TCO model – a tool which will be crucial when you embark on strategic sourcing or if as part of commodity management you begin optimising an area of the spend., A key tool for setting up and monitoring contracts., Provide you with a detailed reference manual for implementing TCO management., Provide you with an electronic file with a TCO sample model, sample costs, cost elements, drivers and opportunities., Finding and implementing savings opportunities in your procurement spend is only part of the work: you must be able to prove your claimed cost savings.

Who should attend

  • Commodity Manager, Category Manager, Sourcing Manager, Cross-functional teams leaders/members, Senior Buyers, Team Leaders, Buyers

UPCOMING EVENTS

Strategic Sourcing and Category Management
Next Date: 18 Oct 2021
Developing and Managing Contracts and SLA's
Next Date: 20 Oct 2021
Intermediate Microsoft Excel
Next Date: 21 Oct 2021
Supervisory Skills for Procurement Managers
Next Date: 25 Oct 2021
Fundamentals of Stores and Stock Control
Next Date: 28 Oct 2021
Negotiation Skills for Procurement Professionals
Next Date: 1 Nov 2021
Finance for Procurement Professionals
Next Date: 2 Nov 2021
Project Management for Procurement Professionals
Next Date: 2 Nov 2021
Ethics in Procurement and Supply Chain Management
Next Date: 4 Nov 2021
Critical Negotiation Skills for the Procurement Professional
Next Date: 9 Nov 2021
Practical Procurement
Next Date: 15 Nov 2021
Effective Tendering and Supplier Management
Next Date: 17 Nov 2021
Introduction to Supplier Relationship Management
Next Date: 18 Nov 2021
Legal Aspects in Purchasing and Supply Management
Next Date: 22 Nov 2021
Preferential Procurement (B-BBEE)
Next Date: 23 Nov 2021
Enterprise and Supplier Development for Procurement Professionals
Next Date: 23 Nov 2021
Communication Intelligence for Procurement Professionals
Next Date: 24 Nov 2021
Managing Total Cost of Ownership
Next Date: 24 Nov 2021
Tender Specification Writing in Procurement
Next Date: 25 Nov 2021
Value Analysis/Value Engineering for Supply Chain Professionals
Next Date: 30 Nov 2021
Procurement Analytics
Next Date: 6 Dec 2021
Asset Management in the Public Sector
Date to be confirmed
Logistics Management
Date to be confirmed