Cost Management Certification In-Person
October 10th, 2023 | Southfield/Detroit – MI
Understanding costs and negotiations to achieve savings and predictive pricing
Provides purchasing professionals with the knowledge, skills and take-away tools to understand and achieve direct and indirect material costs.
This development program targets new purchasing professionals seeking essential skills and experienced purchasing professionals seeking cutting-edge techniques to succeed.
After attending this course, attendees will be able to:
- Conduct best practice sourcing events/construct effective market tests for new and existing business
- Understand manufacturing costs
- Evaluate supplier pricing with or without cost breakdowns from suppliers
- Build different types of cost models for direct and indirect materials to estimate pricing on new programs and to evaluate supplier quotes
- Choose the right cost methods and models for each commodity
- Conduct effective knowledge-based negotiations to obtain cost transparency and move pricing towards optimal
- Identify cost reduction opportunities via detailed cost breakdowns and cost models
- Respond rapidly to sales and engineering cost enquiries
“Skills taught in the course are being applied by our team and exceeding Management expectations. The course project is delivering impressive results and helping our department hit cost reduction targets.”
– A Global Purchasing Director at a $25 billion industrial manufacturing company
Course Content
- Constructing effective market tests
- Building and using price and cost models
- Validating optimal costs and using date to predict supplier pricing
- Analyzing total acquisition and relationship costs
For more information please contact Denise Mattern:
Email: dmattern@apurchasingd.com
Cell: (734)718-7172