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Cut your purchasing costs to increase profits

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Do you work in purchasing? Do you want to achieve cost reduction and savings in your business to boost your bottom line?

Then join Cumbria Business Growth Hub and Kevin Thistlethwaite from A7 Advisory on this one-day interactive workshop in Penrith next week.

Kevin has more than 25 years’ experience of supply chain management in the public and private sectors.

He will explain how simple changes in your business could deliver significant savings and enhance your bottom line.

The workshop takes place on Friday July 6th, at Newton Rigg Conference Centre, Penrith, from 9.30am to 4.30pm.

It is FREE OF CHARGE to eligible businesses thanks to funding through the European Regional Development Fund. It would normally cost £360.

Participants will get a toolkit to enhance procurement performance.

It will cover:

  • How to quickly develop and maintain knowledge of your supply chain
  • A basic framework to examine the procurement arrangements in your organisation and identify improvements to deliver quick wins
  • How to identify and build upon the human factors of emotion and relationships that exist in a procurement transaction
  • The design and implementation of business processes that introduce smarter procurement practices into your business:
    • financial discipline
    • tendering
    • developing requirements documents
    • when and where to use aggregation of requirements into a single contract
    • governance and delegated authorities
  • How to quickly create an effective and cash saving requirements document
  • Understanding the key elements of a basic procurement contract
  • How to develop and implement a basic negotiation strategy
  • How to evaluate the risks and value of a tender or quotation

The workshop is designed for all those involved in procurement:

  • Business owners, including sole traders
  • Finance staff
  • New purchasing teams
  • Operations managers

Free places are open to businesses that meet the following eligibility criteria:

  1. You trade business to business (B2B)
  2. Your business employs 250 or fewer (full-time equivalent) staff
  3. Your business is based in Cumbria
  4. You commit to 12 hours of business support assistance.  Attending the workshop counts as six hours of support, giving you a further six hours one-to-one support from a specialist Growth Hub adviser or the option to attend a further workshop to complete your 12 hours.

Businesses that have not already received at least 12 hours support or £1,000 subsidy through the current ERDF Growth Hub project (since December 2015) will be prioritised.

To confirm your eligibility and book a place please email Eva Foran, the Chamber’s Supply Chain Manager.

Place will be allocated on a first come first served basis.

The workshop is the latest in a series of free Growth Hub workshops to promote business growth.

Others have covered time management, sales and marketing strategy, management tools, writing to sell, writing website content, market research, improving profitability, future proofing your business, and SEO.

The workshops are part of the wider business support offer provided by the Chamber’s Cumbria Business Growth Hub.

To find out more about how the Growth Hub can help your business, click here or call 0844 257 84 50.

ERDFThe funding that supports the Growth Hub comes from a range of sources including Cumbria Chamber of Commerce, the European Regional Development Fund, Allerdale Borough Council (Sellafield Ltd’s Allerdale SIIF, distributed by Allerdale Borough Council), Barrow Borough Council (FEDF Coastal Communities Fund Supply Chain Initiative, the Coastal Communities Fund is funded by the Government with income from the Crown Estates marine assets; it is delivered by the Big Lottery Fund on behalf of UK Government), Carlisle City Council, Eden District Council, South Lakeland District Council and Cumbria LEP. The Ministry for Housing Communities and Local Government is the Managing Authority for European Regional Development Fund. Established by the European Union, the European Regional Development Fund helps local areas stimulate their economic development by investing in projects which will support innovation, businesses, create jobs and local community regenerations. For more information, click here.

 

 

 

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