Industry Cost Profiles - Examples(TCS-II-02-2)

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

• U.S. Product - Background and Steps
• Finding the Industry and Product Code
• Data Source For and Calculation of the Financials
• Data Source for the Cost of Sales
• Explanation of Older Ratios and Annual Survey of Manufacturers
• Finding Direct Labor and Direct Materials
• Completing the Industry Cost Profile
• U.S. Service - Background and Step 1
• Data Source For and Calculation of the Financials
• Data Source for the Cost of Sales and Explanation of Older Ratios
• Finding Direct Labor and Total Sales
• Completing the Industry Cost Profile
• South Korea Product - Background and Step 1
• Example Data Source For the Financials
• Explanation of Older Ratios and Completing the Industry Cost Profile
• South Korea Service - Background and Step 1
• Data Source For the Financials and Explanation of Using Older Ratios
• Completing the Industry Cost Profile
• Germany Product - Background and Step 1
• Data Source and Explanation of Using Older Ratios
• Calculating Direct Material
• Calculating Direct Labour
• Completing the Industry Cost Profile
• Germany Service - Background and Step 1
• Data Source and Explanation of Using Older Ratios
• Finding Total Industry Sales and Calculating Direct Labour
• Completing the Industry Cost Profile
• ICPs for sample group of industries in the US
• Template - Industry Cost Profile

• Industry Cost Profile Template.xlsx