Cost Analysis in Purchasing

MessageThis Webinar is over
Date Nov 21, 2017
Time 10:00 AM PST, 01:00 PM EST
Cost $200.00
Online
Managing and reducing cost continues to be one of the primary focal points of business and governments today. In many organizations, more than half of the total revenue is spent on goods and services-everything from raw material to overnight mail. Maintaining a competitive position and even survival will depend on the organizations ability to use all of the continuous improvement strategies which have been developed to reduce cost across the entire supply chain for the life of the product or service. Fundamental to developing and implementing these strategies is knowledge of Cost Analysis.

Objectives of the Presentation
Upon completion of this webinar, participants will know:
  • The difference between price and cost analysis
  • How to win in negotiations by understanding the elements of Cost
  • The criteria for determining a reasonable profit
  • Development of "Should Cost"
Why Should you Attend
The organization will benefit by:
  • Reduced cost of purchased material, equipment, and services
  • The benefits of continuous improvement
  • Higher productivity of purchasing and contract personnel
  • Greater strategic focus of those involved in supply management
Personal Impact:
  • Increased skill sets in finding savings opportunities
  • A greater sense of professionalism
  • The ability to analyze supplier cost structures
  • Greater ability to lead continuous improvement programs
  • Increased recognition by the organization due to improved performance
Areas Covered
  • Discussion of variable or direct cost
  • Determination of direct material and labor
  • Discussion of fixed or indirect costs
  • Apply variable & fixed cost to quantity
  • Common primary indirect cost pools and typical costs found in each
  • Indirect cost rate formula
  • Fair and reasonable profit
"If you need any assistance in registering this webinars please contact amardeep.b@onlinecompliancepanel.com or (510) 857 – 5789. We will be glad to help you."
 

 


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