Do you know if you are buying sharp or selling smart? Do you know if you reduce purchasing cost by 2%, you need to increase sales by 10% to be equal! Everyday doing cost reduction work; Purchasing period getting shorter, Purchasing volume getting smaller; Raw material price continue to increase, but delivery time continue to get longer. Fierce competition in the market required company to supply with better products, that is why buyers required to purchase with the lowest price to support the company to reduce total product cost. Every minute, buyers are facing pressure from continuity of cost reduction. Facing fierce Supply Market changes, what different cost and price analysis tools can buyer use to effectively manage and control material cost, to largely improve company’s product competition in the market and becoming one of the company’s strategy as a value added element. These are all the challenges that all buyers have to face. ·What is Price Analysis? What are the methodologies in Price Analysis? ·What is Cost Analysis? What are the methodologies in Cost Analysis? ·On what bases do you use Price Analysis? When do you use Cost Analysis? ·How do you use an effective Cost/Price Analysis and strategies in your company?
·Learn different price and cost analysis concepts and fundamental tools, so that students can read and understand supplier pricing quotation. ·Learn different price reduction and cost control methods, to meet purchasing cost reduction targets with different dimension of methods.