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Validity : 17th Nov'24 to 27th Nov'24
COST/PRICE ANALYSIS IN PROCUREMENT
- Introduction
- What is purchase value?
- Defining Price & Cost Analysis
- Analytical methods
- Cost Elements
- Defined
- Cost Analysis
- Evaluating suppliers understanding
Overview of the webinar
- When organizations discovered they needed to lower costs, the purchasing people would frequently go to suppliers and demand cost reductions.
- Now, professionals recognize that bullying their suppliers might provide a one-time, quick fix on the price, but it wasn’t a long-term solution.
- This presentation will assist procurement personnel to improve their effectiveness in obtaining fair & reasonable prices for goods & services.
Who should attend?
- Inventory Planning Mgr.
- Purchasing Mgr.
- Supply Chain Mgr.
- Director
- Buyer
- Planners
Why should you attend?
- What is “purchase value”?
- What are the price comparison methods?
- Identifying the various cost elements to address
- How to use cost estimating and analysis tools
- What is the role of risk assessment?
Faculty - Mr.Michael Gozzo
Michael W. Gozzo is President and Founder of THE TOTAL BUSINESS CONSULTING GROUP, LLC., a firm specializing in counseling and education of all levels of management in the areas of Supply Chain, Lean Manufacturing, Demand Flow Technology, Just-In-Time, Total Quality Control, Manufacturing Systems Implementation, Inventory Control, and Production/Operations Management.
Recent involvement with Silicon Valley leader’s in Supply Chain Management, Lean Manufacturing practices and ISO includes Cisco, Infineon, Sunrise Telecom, PerkinElmer, Philips Semi-conductor, and SanDisk. Mike Gozzo went to Germany to train operational personnel at Lufthansa Air Cargo. He has been associated with Lean practices: pull systems, quick change, 5-S, VMI, cell design, and others.
Mike has traveled and worked extensively in Canada, England, Hong Kong, Ireland, Scotland, Germany, Japan, Korea, Mexico, Indonesia, South Africa, Thailand, Bahrain, U.A.E., Qatar, Saudi Arabia, Oman, and Taiwan.