VALUE ANALYSIS/VALUE ENGINEERING: The Blueprint for Operational Excellence
The purpose of the Value Analysis/Value Engineering (VA/VE) seminar is to
provide an opportunity for managerial human resources development in problem-solving
and decision-making. VA/VE is a change management tool that enables organizations to
achieve the required function at the lowest overall cost in resources. It is a
pragmatic approach to make things better. The power of VA/VE is in its
unique dual ability to achieve performance improvement and cost-effectiveness. Read More (VA)
Fundamentals of Purchasing & Supply Management
Good solutions start with mastering the fundamentals.
In just four days,
your new buyers will acquire the basic skills and knowledge that will help them
understand the nature and role of purchasing in the modern organization; gain
greater familiarity with the various methods of procurement and supplier
management; win at purchasing negotiations; handle the
ethical and legal aspects of purchasing; apply analytical tools to improve
operations and reduce costs; and manage time more effectively.
Core
competency in the Fundamentals of Purchasing &
Supply Management will be the basis of your people’s
success and competitive advantage of your organization.
In times of uncertainty and challenging economic conditions,
organizations resort to cost reduction programs and even worse, to austerity
programs, as their coping mechanisms. Yet, cost reduction is a repulsive term
and nobody wants to be reduced.
Merely proposing a cost reduction program portends an era of
austerity. Belt-tightening and
karate chops of austerity programs are cost reduction the expensive way as this
could lead to a loss of customers and market share as well as experienced
staff. By contrast, value-minded
supply management executives think strategy, not just cost savings. Organizations that strive for supply
management excellence try to manage costs to achieve customer value and
practice as their corporate culture “maximum value-for-money.”
