Home Specialist skills Commercial Cost Analysis
Cost Analysis
-
Define the different types of costing.
-
Distinguish between Fixed and Variable costs, and Direct and Indirect costs.
-
Explain Absorption and Marginal costing and see how suppliers use these methods when setting their prices.
-
Be able to use and understand the strengths and weaknesses of Open Book costing and Cost Transparency.
-
How to use T.C.O (Total Cost of Ownership) when negotiating.
-
How to create a cost model and how to use it to distinguish cost drivers.
-
Be able to apply PPCA (Purchasing Price and Cost Analysis) to aid your sourcing strategies and plan.
Overview
Off the shelf (OTS)
Aimed at those with 2-3 years procurement experience - This course is designed for professionals involved in procurement, cost management, and financial decision-making who want to deepen their understanding of cost analysis techniques. If you’re responsible for identifying cost-saving opportunities, evaluating supplier pricing strategies, or contributing to Total Cost of Ownership (TCO) assessments, this course will provide you with the skills and confidence to make informed, data-driven decisions.
Delivery method
Virtual
Course duration
14 hours
Competency level
Working
