Product Details
Cost and Price Concepts
Understanding the distinction between cost and price is a valuable skill that can create a significant competitive advantage for both supply management professionals and their organizations. While the terms are often used interchangeably, recognizing the unique characteristics of each can uncover opportunities for stronger sourcing strategies, improved supplier negotiations, and greater value creation.
In this course, you'll learn the fundamental differences between cost and price and how to apply each concept effectively throughout the sourcing process. You'll explore the tools and techniques used in cost and price analysis, gaining insight into how these complementary approaches support better decision-making and supplier management.
By the end of the course, you'll be equipped to leverage cost and price analyses as strategic tools, moving beyond transactional purchasing to develop sourcing strategies that drive value, reduce risk, and support organizational objectives.
Access to this course is available for 60 days from the date of purchase.
Member Price: $195.00
ELEARNING
Product Details
What You Will Learn
- Learn differentiating aspects between cost and price, and how each evolve.
- Understand how supply chain professionals need to engage differently with a cost focused vs price focused environment.
- Understand and align a price to three profit ranges.
- Learn the eight general pricing methods that drive engagement strategies.
- Learn ways to prepare data sets that gain power over supplier pricing strategies.
Recommended For
Supply Chain Analysts • Buyers • Purchasing Managers
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CEH Credits1.0
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Product CodeEL-3608
Terms And Conditions
CERTIFICATES
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Cancellation of Certificates: Upon purchase, these courses are non-refundable.
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RESEARCH
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