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Cost Analysis in Purchasing  

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Online Compliance Panel   

For:

Managers and professionals in: Purchasing, Procurement, and Contracts and Those involved in operations, engineering, maintenance, quality, projects, finance, and other company activities that expose them to suppliers/contractors and buying activities for production, maintenance, equipment, indirect, services, and other outside purchased requirements

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Seminar Summary:

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. (see full course description)

 

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Training Course Syllabus:


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

Seminar Summary:

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. (see full course description)

print this agenda print agenda for the Cost Analysis in Purchasing training seminar

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