Introduction to Cost Models (TCS-II-01-1)

Element of our Cost Modelling course which introduces the types of cost models to consider and employ as a buyer. To get the Cost Modelling course: select a bundle in our course catalog, then click above on the button "Get all for $xxx". You will get one year unlimited access to the course and all supporting content.

'Cost Modelling' course objectives:

• To obtain, understand and apply a set of cost management tools that enable the transition from leveraging volume to leveraging ideas
• To gain a better knowledge of the cost structure of goods, equipment or services procured
• To identify data sources in building cost models
• To distinguish between price analysis and cost analysis
• To apply cost models in effective negotiations
• To use Price Discipline in long term contract negotiations
• To apply Total Cost of Ownership principles in sourcing decisions

• Overview of Strategic Cost Management
• Tools Used to Analyze Cost
• The Power of Cost Models