1. 2-day Professional Development Workshop
Developing a Cost-Savings Strategy
Date June 18-19
Timing 9am - 5pm
Venue
Furama Riverfront; or
Holiday Inn Atrium; or
Riverview Hotel
Fees
S$800.00 per pax
S$750.00 per pax for
2nd pax & above
Lunches & coffee/tea breaks will
be provided on both days
Certification
Participants who have completed the 2-day
workshop successfully will be awarded the
“Certificate of Completion” by SIPMM.
These certificates are fully accredited and
recognised for competency points towards
attaining the Credential Awards granted by
World Certification Institute (WCI).
Applying WDA Funding
WDA Support Funding is available for the
above workshops subject to any changes
on funding policy requirements of WDA.
Company-sponsored applicants may apply
for the Skills Development Fund (SDF)
grant as well as the Productivity &
Innovation Credit (PIC) scheme and
enjoy 60% Cash Payout or 400% tax
deduction from the government under the
Enhanced PIC scheme.
To apply for SDF funding, companies can
login to SkillsConnect via the website at
www.skillsconnect.gov.sg to submit the
training grant application for their
employees within the stipulated period.
Workshop Overview
In this age of global competition, purchasing departments are constantly under
the spotlight to reduce costs for their organisations. The return on investment
in the purchasing function can now be measured with greater ease, and this
visibility has resulted in the management’s high expectations of purchasing
performance in terms of cost savings. It has become crucial (and a matter of
survival in the corporate jungle) to have a purchasing strategy that leads to the
maximisation of savings.
Who Should Attend
This programme is designed to equip purchasing and supply management
professionals with the necessary knowledge and techniques to develop and
execute a viably superior cost-savings strategy that will improve the bottom
line of the organisation as well as increase the understanding and appreciation
of the management on how purchasing can add value to the organisation.
Workshop Content & Methodology
 Industry and management’s view of purchasing savings
 Impact of purchasing savings on financial statements
 Types of savings and avoidances
 Creating a savings-strategy outline
 Spend categorisation and analysis
 Target setting
 “Easy wins”
 SRM challenges and opportunities
 Strategic sourcing opportunities and threats
 Documentation and reporting
This workshop is facilitated by a highly experienced Master Trainer who uses
a combination of impactful presentations, interactive sessions and syndicate
discussion groups.
SIPMM Workshop topics can be customised to Company in-house trainings.
Call us at (65) 6273 4172 or email to workshop@sipmm.com.sg.
SIPMM Pte Ltd reserves the right to make appropriate changes to its trainer, training content, schedule and venue if it deems necessary
Value in Programmes,
Excel in Your Development