Academy

Industry Cost Profiles - Examples(TCS-II-02-2)

Element of our Cost Modelling course which introduces how to estimate the "percentage of price" ratios for material, labor, overhead, etc. A must-have when analyzing suppliers and the foundation for building cost models. The technique is illustrated for a product and for a service. 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 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

Content

  • U.S. Product - Background and Steps
  • Finding the Industry and Product Code
  • Data Source For and Calculation of the Financials
  • Data Source for the Cost of Sales
  • Explanation of Older Ratios and Annual Survey of Manufacturers
  • Finding Direct Labor and Direct Materials
  • Completing the Industry Cost Profile
  • U.S. Service - Background and Step 1
  • Data Source For and Calculation of the Financials
  • Data Source for the Cost of Sales and Explanation of Older Ratios
  • Finding Direct Labor and Total Sales
  • Completing the Industry Cost Profile
  • South Korea Product - Background and Step 1
  • Example Data Source For the Financials
  • Explanation of Older Ratios and Completing the Industry Cost Profile
  • South Korea Service - Background and Step 1
  • Data Source For the Financials and Explanation of Using Older Ratios
  • Completing the Industry Cost Profile
  • Germany Product - Background and Step 1
  • Data Source and Explanation of Using Older Ratios
  • Calculating Direct Material
  • Calculating Direct Labour
  • Completing the Industry Cost Profile
  • Germany Service - Background and Step 1
  • Data Source and Explanation of Using Older Ratios
  • Finding Total Industry Sales and Calculating Direct Labour
  • Completing the Industry Cost Profile
  • ICPs for sample group of industries in the US
  • Template - Industry Cost Profile

Course

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