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Strategic Cost and Price Management

Upcoming Dates/Locations

Supply management professionals are constantly encouraged by senior management to expand strategic cost management efforts. Strategic cost and price management is the process of relating meaningful information to a firm’s business strategy through the use of value chain analysis, strategic positioning analysis and cost driver analysis. A range of tools and techniques can be used, including complexity reduction, greater standardization, tighter management of specifications and demand, compliance management, price benchmarking, should-cost analysis, and total cost of ownership analysis. You will learn strategies to improve profits through shaping both the bottom line and top line of your organization.


Learning Objectives

  • Understand the Framework for Cost and Price
  • Review Elements of Cost
  • Comprehend Total Cost of Ownership
  • Identify what it takes to Develop a Cost Management Program
  • Determine Savings Opportunities
  • Understand how to Develop Should Cost Modeling
  • Learn about benefits of Portfolio Analysis
  • Identify the differences between Cost Savings and Cost Avoidance
  • Discover Improvements through Value Engineering Analysis
  • Realize the Cost of Logistics and Reverse Logistics
  • Acquire knowledge of Financial Analysis Tools
  • Determine Strategies of Make vs Buy
  • Learn the Value of Budgeting
  • Discover the Power of ISM's Research On Business (ROB)
  • Identify Financing and Leveraging Strategies
  • Ascertain benefits of Cost Analysis in Mergers and Acquisitions

Cost / Price Management

  • Cost
  • Price
  • Portfolio Analysis
  • Total Cost of Ownership (TCO)

Upcoming Dates/ Locations

DateLocationRegister
7/10/2017 - 8/4/2017 Online Register