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How to make cost savings through procurement


Do you work in purchasing? Are you in charge of a procurement budget? Maybe you are an estimator?

Crucially, do you want to achieve cost reductions and savings in your business to boost your bottom line?

A couple of simple changes in your business could deliver significant savings and enhance your profitability.

Join Cumbria Business Growth Hub on this one-day interactive workshop aimed at all those involved in procurement including business owners and sole traders, finance staff, purchasing teams, operations managers and estimators.

It will give you a toolkit to enhance procurement performance, covering:

  • 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, including:
    • Developing your supply chain to improve your win rate
    • Building order winning relationships with sub-contractors
    • Financial discipline
    • Tendering
    • Simple contracts
    • Developing requirements documents
    • When and where to use aggregation of requirements into a single contract
    • Governance and delegated authorities
  • Effectively integrating your sub-contractors into your bidding and sales activities
  • 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 FREE OF CHARGE to eligible businesses thanks to funding through Cumbria Chamber of Commerce, local authorities and the European Regional Development Fund. It would normally cost around £360.

It takes place at Newton Rigg Conference Centre, near Penrith, on Friday September 21st from 9.30am to 4.30pm. To book a place, click here.

This is the latest in a series of free Growth Hub workshops to promote business growth. Others cover, for example, time management, sales, management tools, writing to sell, purchasing, writing website content, market research, digital marketing, improving profitability, future proofing your business, tendering for contracts, and SEO.

Here’s what participants in previous sessions had to say:

“The speakers are very knowledgeable and the presentations are always very well attended. Even if the workshop is on a subject you think you know, there will always be at least one ‘golden nugget’ of information you can take away and benefit your business. The workshops are also great places for networking.” Simon, The Warm Welly Co

“Taking time out of my business to look at the bigger picture is always hard but spending time at Growth Hub courses pays dividends. Not only do you get to work on your business rather than in your business, but you meet a network of like-minded people who you can share discussions with. I have been so impressed with the courses that I have followed up with the presenter either for myself or for clients – something I wouldn’t do unless I felt it added real and practical value.”  Tracey, Market Sense

“The free workshops have been a valuable opportunity to get ‘top tips’ and to develop a deeper understanding of different marketing techniques. The courses also offered me the opportunity to meet different business owners, which has been great for extending my network of contacts.  All the tutors were excellent and very knowledgeable.  Highly recommended.” Fiona, Solwayconnections

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 Growth Hub is receiving up to £2,528,767 of funding from the England European Regional Development Fund as part of the European Structural and Investment Funds Growth Programme 2014-2020.  The Ministry of 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.

© Cumbria Chamber of Commerce


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