Sneak Peak at Applied Cost and Price Analysis
Robert Menard, Certified Purchasing Professional, Certified Professional Purchasing Consultant, Certified Green Purchasing Professional
This new online course, Applied Cost and Price Analysis, results from the demand of American Purchasing Society members and the purchasing community at large for an education and skills solution to one of the most vexing problems in the purchasing profession, how to manage, apply, and benefit from Cost and Price Analysis.
Based upon your input, these are the three primary goals for this online course.
- Identify, define, describe, and differentiate the constituent elements of both Cost and Price Analysis
- Provide step by step processes, lists, and actions that must be taken and/or avoided in selecting and managing suppliers and their performance
- Furnish specific tools and templates that make the Cost and Price Analysis decisions based on hard “Dollars and Numbers” criteria.
Cost and Price Analysis skills are amongst the most effective purchasing management tools. They reduce prices by eliminating unnecessary costs which leads to mutually beneficial results for supplier and customer.
Some of the important skills you will learn are:
- The eight most common Pricing Strategies revealed and explained
- How prices are established
- Dozens of tools, techniques, and modifiable, reusable templates
- How to identify and apply Cost Drivers
- How to apply Cost and Price analysis to basic Spend Analytics
In addition, the course will demonstrate with tables and templates how to use Cost and 
Price Analysis for better results in
- Supplier negotiation
- Bid analysis
- Supplier performance evaluation
Some web site sources investigated and found to be useful for purposes are included as supplementary resources. As with all of my online courses, practical advice is punctuated with personal experiential anecdotes experience, and scores of pointers on what to do, what not to do, what to expect, and what you need to understand about the Cost and Price Analysis.
This course goes live in late summer. When it does, notify me of your order and I’ll send you You’re the Buyer – You Negotiate It free! Choose from paper or ebook version.