Should Cost Modeling

Posted by on March 19, 2019

Video:Channel:ATKPASDuration:13:51Description:When preparing for negotiations, the more information a procurement professional has about a supplier, the better chance of a successful outcome. Should-cost models are useful tools for determining a product’s estimated price by itemizing processing costs, market input costs, and related assumptions. In this podcast, Claude Fidelin, Bryce Heller, and John Moyer describe…

Video:

Channel:
ATKPAS
Duration:
13:51
Description:
When preparing for negotiations, the more information a procurement professional has about a supplier, the better chance of a successful outcome. Should-cost models are useful tools for determining a product’s estimated price by itemizing processing costs, market input costs, and related assumptions. In this podcast, Claude Fidelin, Bryce Heller, and John Moyer describe the characteristics of should-cost models, when to use them, and how to create one. By spending time computing a should-cost model, procurement professionals can gain insight into a supplier’s estimated profit margins.
tags:
should-cost models, modeling, procurement tools, negotiating tools, cost models

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