Home Meetings Event Details

Event Details

Log in to see if you qualify for a lower rate

Members save $50.00

Join and Register For Meeting

ISM-Twin Cities Mitigating Supplier Price Increases & Collaborative Cost Reduction

ISM-Twin Cities Mitigating Supplier Price Increases & Collaborative Cost Reduction (4 Hours)

Member Price: $239.00

List Price: $289.00
Chapter Meeting
Register Now
Group Registration

Date

May 9, 2024

Add To Calendar 5/9/2024 8:00:00 AM 5/9/2024 12:00:00 PM CT ISM-Twin Cities Mitigating Supplier Price Increases & Collaborative Cost Reduction

To access this webinar, log into the ISM website, www.ismworld.org – access My Account and view My Upcoming Registrations. Graco Dayton Site

Time

8 AM - 12 PM CT

Location

Graco Dayton Site
CEH Credits
4.0
Product Code
700050924
Sponsors
700 ISM—Twin Cities, Inc.

Additional Information

Presenters

Randy Christoffersen has been a strategic sourcing and procurement leader for over 25 years. He led Global Sourcing at the Cummins Engine Business, Cummins Power Generation (formerly Onan), Imation, and Nilfisk-Advance. He has successfully implemented purchasing best practices in both large and mid-size manufacturing companies driving significant improvements in cost, cash flow, supplier performance and innovation. Currently, Randy is Executive Director of ISM-Twin Cities. He is also associated with the TPD Group, a group buying consortium who helps companies optimize their indirect spend in non-strategic categories. Randy has a BS in Industrial Engineering from Iowa State University and an MBA from Indiana University.

Description

This is our most popular and highest rated training class!

COURSE OUTLINE:

DEFENDING AGAINST SUPPLIER PRICE INCREASES

•           General principles for handling supplier price increase requests

•           Three-tier matrix of specific techniques to consider when developing your negotiation strategy (Price Increase Defense Tool) for a supplier increase.         

•           Case studies to apply the “Price Increase Defense Tool”

 

COLLABORATIVE COST REDUCTION WITH SUPPLIERS

•           Key Elements of Total Cost of Ownership

•           20 Characteristics of a best-in-class cost reduction process

•           Launching a successful cost reduction process with suppliers

•           Cost reduction “checklist” for driving out cost of a part or assembly

•           Case studies to apply the tools