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Aim & Drive - Introduction to Cost Models - Case Studies

Introduction to Cost Models - Case Studies (TCS-II-01-2)

Element of our Cost Modelling course which introduces how to estimate the "percentage of price" ratios for material, labor, overhead, etc. A must-have when analyzing suppliers and the foundation for building cost models. The technique is illustrated for a product and for a service. To get the Cost Modelling course: select a bundle in our course catalog, then click above on the button "Get all for $xxx". You will get one year unlimited access to the course and all supporting content.

    'Cost Modelling' course objectives:

  • To obtain, understand and apply a set of cost management tools that enable the transition from leveraging volume to leveraging ideas
  • To gain a better knowledge of the cost structure of goods, equipment or services procured
  • To identify data sources in building cost models
  • To apply cost models in effective negotiations
  • To use Price Discipline in long term contract negotiations
  • To apply Total Cost of Ownership principles in sourcing decisions