Call : (+91) 968636 4243
Mail : info@EncartaLabs.com
EncartaLabs

Cost Cutting Techniques for Purchase Decisions

( Duration: 2 Days )

Whether in our personal life or professional life, purchase decisions are inevitable. Managing purchases is all about managing our funds. Any wrong procurement decision leads to blockage of funds or even sinking of the precious funds. Against this backdrop, scientific decision is of paramount importance. While taking decisions, rather than studying the situation analytically, our decisions are based on "gut feeling". Look around and you will find that certain section of people become CEOs. This is because notwithstanding the impressive qualifications from prestigious institutions. This happens because of lack of analytical skills among them. This Cost Cutting Techniques for Purchase Decisions training course will provide the analytical teeth to all the decision makers for making right purchase decisions.

Procurement professionals are most suitable for attending this Cost Cutting Techniques for Purchase Decisions workshop. However, this course is also useful for all the decision makers like Managing Directors, Directors, Admin Heads, Entrepreneurs, and Independent Business Personnel and so on.

COURSE AGENDA

1

Analytical tools for Decision making

  • Basics of Decision Making
  • Understanding the various costs
  • Making a cost cutting strategy
  • Calculation of Breakeven point
2

Analytical tools for Manufacturing

  • Tools of comparison for cost analysis
  • Make vs Buy Decisions
  • Lease vs Buy Decisions
  • Make vs Buy vs Rent decisions
  • Deciding between or among production systems
3

Capital Purchases

  • Types of Capital Purchases
  • Factors to be considered while buying a Capital Equipment
  • Economic analysis of purchase of capital equipment
  • Checklist for Selecting Suppliers of Capital Equipment
  • Practice Examples on PBP, IRR, ARR, NPV
  • Return on Capital Employed (ROCE) and its limitations

Encarta Labs Advantage

  • One Stop Corporate Training Solution Providers for over 6,000 various courses on a variety of subjects
  • All courses are delivered by Industry Veterans
  • Get jumpstarted from newbie to production ready in a matter of few days
  • Trained more than 50,000 Corporate executives across the Globe
  • All our trainings are conducted in workshop mode with more focus on hands-on sessions

View our other course offerings by visiting https://www.encartalabs.com/course-catalogue-all.php

Contact us for delivering this course as a public/open-house workshop/online training for a group of 10+ candidates.

Top
Notice
X