Supply Chain, Logistics & Warehouse Training

Analysing Price, Cost & Total Value

Improve inventory management using Economic Order Quantity (EOQ) techniques.

Analyzing Price, Cost, & Total Value is a highly concentrated training that discusses price, cost, and total value analysis theories in the choice of goods and services—those that have been or are to be purchased.  The material presented is practical and job-specific as well as relatively easy to apply and use.

What you will learn in “Analysing Price, Cost, & Total Value”:

This training emphasizes applications and practical ways to help you on the job and put your new-found knowledge to work for your organization.  Purchasing and supplier management are changing dramatically.  New approaches and methods offer opportunities to cut costs, reduce waste, avoid non-value added activities, and increase the chance to buy at the lowest overall cost for the best value.  Plan to attend this exciting seminar, analyzing price, cost, & total value, to find out how these positive results can be yours.

  • You’ll find out how to determine which data you need, which mathematical formulas to use, and which cost, price, and quality factors you must consider.
  • You’ll also learn how best-buy analysis, price-cost analysis, and life cycle costing can help you make far more accurate estimates of cost and value.

Key benefits of “Analysing Price, Cost, & Total Value”:

  • Evaluate any purchase using the appropriate mathematical formulas.
  • Identify the best supplier for a given purchase.
  • Negotiate more effectively with vendors.
  • Improve inventory management using Economic Order Quantity (EOQ) techniques.
  • Show a measurable contribution to the bottom line due to more effective purchasing decisions.
  • Gain a working knowledge of the methods, techniques, and formulas for analyzing purchasing decisions.
  • Select the supplier and the product or service that best meets the organization’s needs and budget.
  • Understand the 8-step life cycle cost analysis procedure.
  • Put the latest analytic tools to work—at the course—in small group project sessions.

Who should attend “Analysing Price, Cost & Total Value” training:

This training is designed for purchasing professionals who want to learn the applications of statistical and financial techniques for analyzing purchasing problems.  It offers a practice-intensive learning experience to anyone responsible for selecting suppliers, negotiating prices and fees, and purchasing goods and services. Analyzing Price, Cost, & Total Value is recommended for buyers, procurement specialists, acquisition staff analysts, commodity or service group specialists, contract administrators, strategic sourcing specialists, purchasing agents, supply management supervisors, executives, and managers.

Note: Kindly provide company email address. Personal email addresses such as gmail, yahoo, hotmail and others will be filtered automatically by system.

Analysing Price, Cost & Total Value Training  Brochure Image

wordpress stats