If you have been obtaining detailed cost breakdowns from suppliers and are wondering how to take the next steps, this workshop is for you – a hands-on workshop for Purchasing Leaders and Buyers on should-be cost models. Learn how to move from market-pricing to knowledge-based sourcing to achieve 5-7% savings on material costs with little or no resourcing of current suppliers.
After attending this session, participants will have the skills and tools to easily:
• Choose the best cost model for a commodity
• Build should-be cost models based on cost breakdowns or physical attributes
• Implement cost models to rapidly achieve cost reductions
Participants will receive Excel-based cost model tools for use with their commodities moving forward.