Pricing and Cost Analysis in Purchasing - Webinar - ResearchAndMarkets.com

DUBLIN--()--The "Pricing and Cost Analysis in Purchasing" webinar has been added to ResearchAndMarkets.com's offering.

Learn different price setting strategies and review price and cost analysis to ensure you're creating the most value for your organization.

One of the most important and complex decisions a business or organization has to make is how much to pay for its items or services. The buying professional should be able to easily detect prices that are too high. Thus pricing decisions must be given careful consideration when buying industrial products and services. The price of a product or service should be expected to cover cost of production, promotion and distribution, plus reasonable profit. In order to obtain the most efficient and acceptable price the purchasing professional must make sure that they are aware of market conditions and prices associated with quality levels required for the buying firms needs. The effective buyer must become an expert for the items that they purchase. The objective of price cost analysis is not to get the lowest price, but to obtain the best value with consideration for delivering time, acceptable quality levels, in the appropriate quantities. In general price is important however, remember it is only one of many variables that are included in purchasing decisions.

Speakers

W.C. Benton Jr. - The Ohio State University

Learning Objectives

  • You will be able to discuss price setting strategy
  • You will be able to review price analysis
  • You will be able to explain cost analysis
  • You will be able to identify the learning curve

Who Should Attend:

  • Purchasing Managers
  • Buyers
  • Contracting Managers
  • Materials Managers
  • Procurement Managers
  • Presidents
  • Vice Presidents
  • Accountants
  • Bookkeepers
  • Financial Professionals

Key Topics Covered:

  • Price-Setting Strategy (Economic)
  • Price-Making Strategy (Psychological)
  • Discounts
  • Cash
  • Trade Discounts
  • Quantity Discounts
  • Price Analysis
  • Cost Analysis
  • Direct Material
  • Direct Labor
  • Tooling (If Relevant)
  • Overhead (Manufacturing or Project)
  • General and Administration
  • Profit
  • The Learning Curve
  • Direct Material Costs
  • Direct Labor Costs
  • The Price/Cost Analysis Process
  • Example
  • Negotiations

For more information about this webinar visit https://www.researchandmarkets.com/research/zmcx5k/pricing_and_cost?w=4

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Accounting

Contacts

ResearchAndMarkets.com
Laura Wood, Senior Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Accounting