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Cost Based Pricing for Procurement & Purchasing Specialists

This course covers the methodology and applied techniques of Cost-Based Pricing for Procurement & Purchasing organizations and Manufacturing companies. It brings not only boring theory but applied knowledge and practical tools. This course is a small extraction of Future Procurement development program and it is specially designed for the employees of Production/Manufacturing companies and the Purchasing professionals.

  • 2000
  • 10000
  • Course Includes
  • 1 Hour Video Class
  • Downloadable Ebooks
  • Free Certificate of Completion
  • 1-Year Access

Enrol and get access to the full course.

What you will learn

  • You will understand that different companies are using different logic for price setting
  • You will understand that different companies are using different logic for price setting
  • You will learn how to classify your costs: Direct and Indirect, Fixed and Variable
  • You will gain an understanding of Economy of Scale principles – how the volumes influence the Cost Based Prices
  • Finally, you will obtain more confidence talking about the price-related topics with your Suppliers, your Managers and C...

Requirements

  • This course is suitable for beginners and advanced procurement professionals. Advanced procurement professionals can begin with lesson 4.

Description

Welcome to the Cost Based Pricing course!

This course brings not only boring theory but applied knowledge and practical tools. This course is a small extraction of Future Procurement development program and it is specially designed for the employees of Production/Manufacturing companies and the Purchasing professionals. Cost-Based Pricing is a niche course, it covers this specific approach to price calculation for goods or services.

You'll learn about the:

πŸ”˜ Three general approaches to price setting

πŸ”˜ General principles of Cost-Based Pricing

πŸ”˜ Direct and Indirect Cost Drivers for the price calculations

πŸ”˜ Variable and Fixed costs logic

πŸ”˜ Economy of Scale

πŸ”˜ Specific tools and advice for applying Cost Based Pricing for your business.

The course is structured in a way to allow beginners to start right at the beginning and learn the entire way on using the Cost Based Pricing model, while more experienced Procurement Professionals can begin with lesson 4 where we start digging deeper to the core of the method. Obviously, this course is not answering all the questions connected to Cost-Based Pricing, but it gives to you a good understanding of the logic and methodology, set of tools to be used and principles to be applied.

 

The best way to learn is by applying this knowledge and techniques in your daily job! Once completed this course, you should be able to apply it to your own projects without the need for further guidance.

 

Who this course is for:

πŸ”˜ Beginners and Professionals of Purchasing and Procurement organizations

πŸ”˜ Sales and Production managers of Production and Manufacturing companies

πŸ”˜ Supplying/Sourcing specialists of Retail and Wholesaling companies.

 

P.S. As a bonus - I have decided to share my e-books on Procurement. Some useful and fun read for you, some motivation and inspiration. Enjoy your course!

Course Content

Click on the tabs to view all the contents
About this course
preview 3min
Introduction
6min
What is Price?
5min
Why prices are different
5min
Three approaches to price setting
8min
Cost Based Pricing principles
7min
Getting it all together Cost Based Pricing example
12min
Getting it all together (continued)
6min
Pro’s and Con’s of Cost Based Pricing
10min
Best way to use Cost Based Pricing concept
7min
Good luck with using Cost Based Pricing!
6min
Ebook
6mb
How to Download your Certificate of Completion
3min

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About the Instructor

About the Instructor

I spent 15 years actively contributing to Procurement development of medium-size companies and large international corporations in Manufacturing and Retail, being a sourcing responsible for 800'000'000 Euro business. Was working with Retail and Manufacturing companies in Europe, Asia and North America.

I truly believe in power of Procurement organization for the success of the entire company, and I want to spread my knowledge and experience to all over the world. That is why I developed a Future Procurement development program. Probably the best program in the world for Procurement professionals!

I want to share my knowledge and engage as many people as possible around idea of improving the existing practices in our business, bringing our profession to a completely new level.  My mission is: “To improve the world by Future Procurement organizations”.