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Supply Chain
Cost/Price Analysis and Total Cost Concepts in Supply Management
Spending on goods and services often represents a large share of revenue, so controlling cost across the supply chain is vital to competitiveness. This course explains price and cost analysis techniques, how to cope with volatile markets, and how to build should-cost and total cost of ownership models to support continuous improvement.
- Discipline
- Supply Chain
- Level
- Intermediate
- Duration
- Flexible length
- Formats
- Classroom, In-house
Every course can be delivered in-house and tailored to your organisation.
Who should attend
Purchasing, procurement and contracts professionals, and staff in operations, engineering, maintenance, quality and projects who deal with suppliers.
What participants will be able to do
- Distinguish between price analysis and cost analysis
- Apply price analysis methods, including price indices
- Develop should-cost estimates
- Build total cost of ownership models
- Manage purchasing in volatile markets
Topics covered
- Price analysis
- Cost analysis
- Should-cost modelling
- Total cost of ownership
- Market volatility
- Continuous improvement