Cost Modelling

It’s a basic professional responsibility for a buyer to have a structured view of the supplier’s costs, overheads and profit allocation on your business, plus the major commodity drivers.

Having a good model will support:

• Effective negotiation
• Accurate budgeting
• Quantifying and allocating project benefits
• Making go/no-go project decisions

But it’s not easy…

Available data is almost always incomplete or only partly accurate, so some buyers push the cost model to the bottom of their to-do list, preferring to rely on RFPs and negotiations to expose suppliers’ pricing limits.

Our practical, lively and interactive one-day programme with one-to-one follow up gives procurement professionals the confidence and skills to tackle this important task with enthusiasm in their category.