Cost Reduction for Procurement: Using Demand-side Tools

If you own or manage a business, there’s so much you have to keep in check. From balance sheets and overhead to product procurement, demand, and delivery, you’re responsible for ensuring growth and profitability while also finding ways to cut costs. But what’s the secret to effectively reducing your costs? You need to start shaping your demand.

In this course, join instructor Martin John as he explores practical, real-world business management strategies to reduce costs for your business. Get an overview of procurement, cost reduction, and how to make sense of addressable spends. Discover the eight most important demand-side levers and how to use them to your advantage, including demand reduction, value engineering, value analysis, should-cost modeling, specification management, demand aggregation, order quantity optimization, and demand forecasting. Along the way, get tips on how to avoid common pitfalls, even during challenging economic times.