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Strategic Cost and Price Management

Supply management professionals are constantly encouraged by senior management to expand strategic cost management efforts. Strategic cost and price management is the process of relating meaningful information to a firm’s business strategy using value chain analysis, strategic positioning analysis and cost driver analysis. A range of tools and techniques can be used, including complexity reduction, greater standardization, tighter management of specifications and demand, compliance management, price benchmarking, should-cost analysis, and total cost of ownership analysis. You will learn strategies to improve profits through shaping both the bottom line and top line of your organization.

Member Price: $950.00

List Price: $1,150.00
GUIDED LEARNING

Date

Jul 22, 2021 To Aug 18, 2021

Add To Calendar 7/22/2021 4:00:00 PM 8/18/2021 5:00:00 PM Strategic Cost and Price Management Online

Location

Online
Format
Guided Learning
CEH Credits
20.0
Product Code
GL-CP-21

Additional Information

Description

What you will learn:

  • Understand the Framework for Cost and Price
  • Comprehend Total Cost of Ownership
  • Identify what it takes to Develop a Cost Management Program
  • Determine Savings Opportunities
  • Understand how to Develop Should Cost Modeling
  • Learn about benefits of Portfolio Analysis
  • Identify the differences between Cost Savings and Cost Avoidance
  • Discover Improvements through Value Engineering Analysis
  • Realize the Cost of Logistics and Reverse Logistics
  • Acquire knowledge of Financial Analysis Tools
  • Learn the Value of Budgeting
  • Discover the Power of ISM Report On Business®
  • Identify Financing and Leveraging Strategies
  • Ascertain Benefits of Cost Analysis in Mergers and Acquisitions
  • Course Schedule:

    This Guided Learning is a self-paced course consisting of online reading and four live webinars over a five week period. The webinars are scheduled for the following dates. If you are not able to attend a webinar live, they will be made available on-demand. In addition to the webinars, you instructor will accessible for questions and on-on-one assistance throughout the course.

    07/22/21 from 4:00-5:00 p.m.ET
    07/29/21 from 4:00-5:00 p.m.ET
    08/12/21 from 4:00-5:00 p.m.ET
    08/18/21 from 4:00-5:00 p.m.ET

    Who Should Attend:

    This ISM supply management course is ideal for buyers, supply chain analysts, category managers, purchasing managers, and sourcing managers, and other supply management professionals who seek to sharpen their cost and price management skills to support organizational goals and outcomes.

    Terms And Conditions

    Guided Learning Transferals: Registrations are transferable without any charge to another ISM Guided Learning Course occurring within 12 months of the original purchase. Transferring registrations to another party are subject to price variance or change based on membership status and an additional $50 fee will be incurred.

    Cancellations Guided Learning: Cancellations more than 5 weeks before the date of the course will incur an administrative charge of 50 percent. Cancellation within 5 weeks of the date of the event will be charged the full fee. You must notify ISM in writing of a cancellation.

    Tax Deduction: The Internal Revenue Service may permit an income tax deduction to U.S. residents for expenses (including registration fees, travel costs, meals and lodging) incurred in pursuit of continuing professional education. Consult your tax adviser for details.

    View full terms of service here.