Design receiving, storage and picking flows supporting life cycle cost of ownership.
Building Total Cost of Ownership Models Across the Life Cycle
A practical programme in life cycle cost of ownership for professionals who are accountable for results, not just awareness.
📍 Abu Dhabi🗓️ 5 training days📚 4 modules🎓 Accredited certificate
5intensive training days
4scientific modules
8training sessions
32detailed points
Course Overview
Most procurement disputes about life cycle cost of ownership originate in a specification written too quickly. Single sourcing on cost of ownership looks efficient until the day it is not. The programme suits teams tackling the practice within procurement and supply operations together as readily as individuals attending alone. The result is the confidence to make and defend decisions about life cycle cost of ownership under scrutiny. Participants test their assumptions about the procurement and supply operations capability against scenarios designed to break weak ones. Comparative studies of cost of ownership across sectors find the same handful of failure points recurring. Most organisations already have a policy on life cycle cost of ownership; far fewer can show it working. It concentrates on the parts of cost of ownership that determine outcomes and treats the rest proportionately. The final session converts the week's work on this part of procurement and supply operations into commitments with owners and dates.
Expected Learning Outcomes
Assess continuity risk in cost of ownership and build a proportionate mitigation.
Plan the handover of life cycle cost of ownership so that capability is not lost when key staff move on.
Apply sustainability and ethical sourcing criteria to cost of ownership.
Apply the correct customs, international delivery terms and documentation treatment to life cycle cost of ownership.
Assign clear ownership for each element of cost of ownership across the functions involved.
Translate policy on life cycle cost of ownership into procedures that hold up under day-to-day pressure.
Who Should Attend
Supplier relationship managers developing partners in life cycle cost of ownership.
Compliance and governance staff whose remit includes cost of ownership.
Warehouse and stores managers operating life cycle cost of ownership.
Staff seconded into improvement work on cost of ownership.
Procurement and category managers responsible for life cycle cost of ownership.
Finance staff reviewing spend and working capital in cost of ownership.
Course Modules
Life cycle cost of ownership: warehouse layout, flow and handling
2 sessions · 8 pointsSession 1Who answers for life cycle cost of ownership, and to whom
- Segment spend on life cycle cost of ownership by value and supply risk before choosing an approach.
- Review whether cost of ownership is aligned with the objectives of the supply function.
- Reduce the variation in how life cycle cost of ownership is carried out between teams.
- Review whether inventory policy on cost of ownership still matches actual demand.
Session 2Writing a specification for cost of ownership suppliers can price accurately
- Agree what will be standardised in life cycle cost of ownership and what will not.
- Negotiate payment terms on cost of ownership without pushing suppliers into distress.
- Test the procedure for life cycle cost of ownership against a realistic scenario.
- Set out the decisions in cost of ownership that require sign-off and by whom.
Cost of ownership: controls, segregation and fraud prevention
2 sessions · 8 pointsSession 1Documentation and customs treatment for cost of ownership
- Identify slow-moving and obsolete stock inside life cycle cost of ownership and decide its fate.
- Identify single-source dependencies in cost of ownership and cost the alternatives.
- Calculate reorder point and safety stock for each item in life cycle cost of ownership.
- Record what was learned when cost of ownership did not go as planned.
Session 2Setting reorder points and safety stock for cost of ownership
- Map the physical flow of life cycle cost of ownership through receiving, storage and dispatch.
- Agree the escalation route when supply of cost of ownership is disrupted.
- Define the trigger that would require life cycle cost of ownership to be redesigned.
- Establish what evidence demonstrates cost of ownership is under control.
Cost of ownership: inventory policy and working capital
2 sessions · 8 pointsSession 1Building the method for cost of ownership step by step
- Assess supplier financial health for critical elements of life cycle cost of ownership.
- Set out how exceptions to cost of ownership are requested and approved.
- Review the audit trail for the last three award decisions on life cycle cost of ownership.
- Check the delivery terms and customs classification applied to cost of ownership.
Session 2Moving life cycle cost of ownership from approval to execution
- Assign responsibility for keeping documentation of life cycle cost of ownership current.
- Set the stock count cycle for cost of ownership and act on discrepancies.
- Define measurable service levels in the contract covering life cycle cost of ownership.
- Prepare the response for the most likely failure in cost of ownership.
Cost of ownership: continuity, risk and single points of failure
2 sessions · 8 pointsSession 1Releasing working capital trapped in cost of ownership
- Agree the smallest change to life cycle cost of ownership that would be visibly useful.
- Validate claimed savings on cost of ownership against actual invoiced spend.
- Remove steps in life cycle cost of ownership that add effort without adding assurance.
- Set the consequence for failing service levels on cost of ownership, and apply it.
Session 2Evaluating suppliers on cost of ownership beyond the lowest number
- Close out actions on life cycle cost of ownership rather than leaving them open indefinitely.
- Agree the indicators that will show whether cost of ownership is improving.
- Define acceptance criteria for life cycle cost of ownership in advance.
- Apply ethical and environmental criteria to supplier selection in cost of ownership.
Choose the package that suits you
Silver Package
At least 3 people
USD1,250
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Gold Package
At least 3 people
USD1,850
- 5-night stay in a 5-star hotel
- Workshop or Program Participation
- Airport Transfers
- Customized Badge
- Expert Mentorship (Private Sessions)
- Supervision & Secretarial Services
- Accredited Certificate of Participation
- Complete Training Kit
- Coffee Break
- Closing Ceremony
Complete your registration
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