Managing Total Cost of Ownership
3 days|Delivered on request
This programme is for the person accountable for the work rather than the person doing it. It covers contract administration and total cost of ownership from the position of someone who must review, approve and answer for the output. Managers carry this because category spend is one of the few remaining places to find margin without cutting headcount, and the accountability does not delegate cleanly. Delegates leave able to work confidently with supplier performance measurement, inventory optimisation and ethical sourcing in their own organisation.
What delegates leave able to do
- Review supplier performance measurement and say plainly whether it is working, measured against the CIPS professional standard
- Bring inventory optimisation into line with current good practice
- Take ownership of ethical sourcing rather than escalating it
- Put bid adjudication on a footing they can defend to a reviewer
What the course covers
- Contract administration
- Total cost of ownership
- Supplier performance measurement
- Inventory optimisation
- Ethical sourcing
- Bid adjudication
- Category management
Who should attend
- bid and tender officers
- contract administrators
- supply chain analysts
- sourcing specialists
- inventory controllers
