Cost Based Pricing for Procurement & Purchasing organization
3.4 (56 ratings)
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Cost Based Pricing for Procurement & Purchasing organization

Methodology and applied techniques of Cost Based Pricing for Procurement & Purchasing organizations and Manufacturing
3.4 (56 ratings)
Instead of using a simple lifetime average, Udemy calculates a course's star rating by considering a number of different factors such as the number of ratings, the age of ratings, and the likelihood of fraudulent ratings.
821 students enrolled
Created by Robert Freeman
Last updated 10/2016
English
Current price: $12 Original price: $20 Discount: 40% off
4 days left at this price!
30-Day Money-Back Guarantee
Includes:
  • 1 hour on-demand video
  • 8 Articles
  • Full lifetime access
  • Access on mobile and TV
  • Certificate of Completion

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What Will I Learn?
  • • You will understand that different companies are using different logic for price setting.
  • • You will understand the difference between Cost Based Prices, market prices and value based prices.
  • • You will learn how to classify your costs: Direct and Indirect, Fixed and Variable.
  • • You will gain an understanding of Economy of Scale principles – how the volumes influence the Cost Based Prices.
  • • Finally, you will obtain more confidence talking about the price-related topics with your Suppliers, your Managers and Colleagues, your Stakeholders.
View Curriculum
Requirements
  • Computer
  • Basic knowledge of finance is an advantage (but not obligatory)
Description

Welcome to the Cost Based Pricing course!

The course is prepared by the Procurement Professional for Procurement Professionals, so it brings not only the boring theory, but applied knowledge and practical tools. This course is a small extraction of Future Procurement development program and it is specially designed for the employees of Production/Manufacturing companies and the Purchasing professionals.

Cost Based Pricing is a niche course, it covers this specific approach to price calculation for the goods or services. You'll learn about the:

-       Three general approaches to price setting,

-       general principles of Cost Based Pricing,

-       Direct and Indirect Cost Drivers for the price calculations,

-       Variable and Fixed costs logic,

-       Economy of Scale,

-       Specific tools and advice for applying Cost Based Pricing for your business.

The course is structured in a way to allow beginners to start right at the beginning and learn the entire way on using the Cost Based Pricing model, while more experienced Procurement Professionals can begin with the lesson 4 where we start digging deeper to the core of the method.

Obviously this course is not answering all the questions connected to Cost Based Pricing, but it gives to you the good understanding of the logic and methodology, set of tools to be used and principles to be applied.

The best way to learn is applying these knowledge and techniques in your daily job! Once completed this course, you should be able to apply it to your own projects without the need for further guidance. 

Who is the target audience?
  • Beginners and Professionals of Purchasing and Procurement organizations
  • Sales and Production managers of Production and Manufacturing companies
  • Supplying/Sourcing specialists of Retail and Wholesaling companies.
Compare to Other Procurement Courses
Curriculum For This Course
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What is price?
2 Lectures 02:11

In this lesson we will elaborate on principal definition of the “price” and “pricing”

Preview 02:05

Food for thought
00:06
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Why prices are different?
2 Lectures 03:49

In this lesson you will understand why the prices for the similar products vary from seller to seller.

Preview 03:40

Food for thought
00:09
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Three approaches to price setting
2 Lectures 06:10

In this lesson you will see the example of pricing the same product in a different ways

Preview 06:02

Food for thought
00:08
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Сost Based Pricing principles
2 Lectures 07:35

In this lesson you will understand the approach to defining the cost drivers for the products or services and learn the principles for working with Cost Break Downs

Cost Based Pricing principles
07:28

Food for thought
00:07
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Getting it all together: Cost Based Pricing example
3 Lectures 23:38

This is a very important lesson for applying the Cost Based Pricing logic on real life example. You will understand the method of cost modelling and principles of economy of scale

Getting it all together Cost Based Pricing example
15:34

This is a very important lesson for applying the Cost Based Pricing logic on real life example. You will understand the method of cost modelling and principles of economy of scale

getting it all together (continued)
07:58

Make own Cost Break Down
00:06
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Pro’s and Con’s of Cost Based Pricing
2 Lectures 05:49

In this lesson you will learn about strong and weak sides of Cost Based Pricing method.

Pro’s and Con’s of Cost Based Pricing
05:40

Food for thought
00:09
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Best way to use Cost Based Pricing concept
2 Lectures 03:40

In this lesson you will understand have the final tips and advice for starting to use the Cost Based Pricing principles in your work.

Best way to use Cost Based Pricing concept
03:33

Food for thought
00:07
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Good luck with using Cost Based Pricing!.mp4
2 Lectures 02:15
Good luck with using Cost Based Pricing!
01:57

Thank you for completing this course. [plus additional materials]
00:18
About the Instructor
Robert Freeman
4.0 Average rating
69 Reviews
902 Students
3 Courses
Procurement expert

I spent 15 years actively contributing to Procurement development of medium-size companies and large international corporations in Manufacturing and Retail, being a sourcing responsible for 800'000'000 Euro business. Was working with Retail and Manufacturing companies in Europe, Asia and North America.

I truly believe in power of Procurement organization for the success of the entire company, and I want to spread my knowledge and experience to all over the world.

That is why I developed a Future Procurement development program. Probably the best program in the world for Procurement professionals!

I want to share my knowledge and engage as many people as possible around idea of improving the existing practices in our business, bringing our profession to a completely new level.  My mission is: “To improve the world by Future Procurement organizations”.