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Cost / Price Strategies

Cost Analysis #3959, Member: $195 Non-Member: $295 (7 CEHs) Learn to differentiate between cost and price. Recognize when to use cost analysis for assessing the reasonableness of price. Expand your understanding of the role of cost in determining price. Examine elements of the cost analysis process. Explore supplemental tools of cost analysis. Analyze and review a case study in the application of cost analysis.

Cost/Price Minimization: Total Cost of Ownership PEX408, Member: $99 Non-Member: $149 (2 CEHs) The goal of total cost of ownership (TCO) analysis is to develop an understanding of your true costs of doing business, so these costs can be understood, managed, and non-value costs can be reduced or eliminated. The total cost of ownership approach combines the value you want with understanding the true cost of what is being purchased. It does not necessarily advocate buying whatever is cheapest. Rather, it encourages you to clearly specify what you are looking for, and then determine the best overall value that meets your needs.

Cost/Price Minimization: Value Analysis/Value Engineering PEX410, Member: $99 Non-Member: $149 (2 CEHs) Value analysis (VA) and value engineering (VE) have a significant amount of application to supply professionals who need to remain competitive by increasing the ultimate value of the final product to the end customer. Value analysis and a companion technique called value engineering are structured processes for idea generation and evaluation that are used to identify lower-cost product and service designs. This ultimately leads to increased process efficiencies and reduced costs.

Cost Reduction Toolbook: Tools for Operations and Supply Chain Efficiencies #3947, Member: $195 Non-Member: $295 (7 CEHs) This course is designed to assist new and experienced supply management professionals to perform tasks more strategically and efficiently. Topics covered in this course include: understanding financial principles, identifying process mapping opportunities, managing differences between value analysis (VA) and value engineering (VE) projects, identifying and applying forecasting methods, and seven tools for improving operations and supply or value chain efficiencies.

Price Analysis #3958, Member: $195 Non-Member: $295 (7 CEHs) Learn to differentiate between price and cost and when to use price analysis for determining the reasonableness of price. Expand your understanding of pricing theory and the competitive process. Learn when competitive bidding works well and when it doesn't. Explore the hierarchy and techniques of price analysis and what it means to obtain a "fair and reasonable price." Finally, review four supplementary tools of price analysis.

Price Analysis, Cost Analysis, or Total Cost of Ownership: Determining the Best Approach #3921, Free Course (3 CEHs) Learn to powerfully impact the bottom-line by selecting the best analysis - price, cost, or total cost of ownership. Then, complete the case study which will walk you through the decision-making process step-by-step.