Register Online - Add to Cart

Credits

Sponsored by Lorman Education
Only registered attendee will receive continuing education credit.
Product ID: 404226
 
Credit & Course Provided by:

Pricing and Cost Analysis in Purchasing

Live Webinar
October 26, 2018
1:00 pm ET (12 pm CT, 11 am MT, 10 am PT)
1 hour 30 minutes
Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart

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 firm's 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.

Learning Objectives

  • You will be able to identify the learning curve.
  • You will be able to explain cost analysis.
  • You will be able to review price analysis.
  • You will be able to discuss price-setting strategy (economic).

Registration

Live Webinar$199Register Now
Can't Attend?   Audio & Reference Manual$199Add to Cart