Cost/Price Analysis and Total Cost Concepts in Supply

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The goal of IOSS training courses is to ensure that all individuals reach a certain level of competence to work more safely on-site, reducing the risk to themselves and others.

Procurement, Supply Chain Management Training courses are designed to meet the requirements of modern industries and to provide knowledge and skills for understanding and preventing hazards in various fields.

The courses are interactive and can be delivered in the language of your choice. Practical exercises and course materials are provided in accordance with special training requirements. Content can be localized to reflect the country or region in which the workforce will operate.

Participants must successfully complete a training course and assessment to ensure that they reach the required level of competence. Successful participants will then receive a certificate.

  • Use of Price Indexes
  • Cost/Price Analysis
  • Total Cost of Ownership
  • RFQ/Tendering as a price analysis tool
  • Cost Estimating Relationships
  • Purchasing savings impact on the bottom line
  • Developing the Spend Profile
  • Sources of spend data
  • How to perform the ABC analysis
  • Continuous improvement skill sets
  • Difference between cost and price analysis
  • Selection tools in tenders
  • Methods of price analysis
  • Historical analysis
  • Developing company Purchase Price Index
  • Methods of cost analysis
  • Types of costs: direct, indirect, variable and fixed
  • Break-even analysis: cost volume profit formulae
  • Costing methods such as absorption, marginal or variable, activity-based
  • Margins & Mark-ups
  • Sources of cost information 
  • What and how important are supplier overheads
  • Developing “Should Costs”
  • Economic price adjustment clauses
  • Pricing schedules
  • Fixed price arrangements
  • Cost-plus pricing arrangements
  • Cost-reimbursable price arrangements