Webinar Details $219
- Webinar Date: February 11, 2025
- Webinar Time: 2:00pm - 3:40pm EST live
- Webinar Length: 100 Minutes
- Guest Speaker: Jim Bergman
- Topic: Purchasing
- Credit: ATAPU 1.5, ISM 1.5, QPANJ 2.0
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This webinar provides an in-depth exploration of advanced techniques in cost and price analysis for procurement and contract management. It is designed for procurement professionals, contract managers, and financial analysts seeking to enhance their skills in evaluating costs, negotiating prices, and managing contracts effectively.
Your Benefits For Attending- Understand the principles and methodologies of cost and price analysis.
- Develop advanced skills in cost estimating, cost control, and price analysis.
- Apply analytical tools and techniques to evaluate supplier cost proposals.
- Enhance negotiation strategies based on cost and price data.
- Manage contracts with a focus on cost efficiency and value optimization.
- Introduction to Cost and Price Analysis
- Importance and objectives of cost and price analysis
- Key concepts and definitions
- Overview of procurement and contract management
- Cost Estimating Techniques
- Types of cost estimates: Rough Order of Magnitude, Budgetary, and Definitive
- Methods of cost estimation: Analogous, Parametric, Bottom-Up, and Three-Point
- Cost Analysis and Control
- Cost elements and structures
- Direct vs. indirect costs
- Cost allocation methods
- Price Analysis Methods
- Market research and benchmarking
- Historical price analysis
- Regression analysis and price indices
- Evaluating Supplier Cost Proposals
- Analyzing labor, material, and overhead costs
- Conducting total cost of ownership (TCO) analysis
- Negotiation Strategies Based on Cost and Price Analysis
- Integrating cost and price data into negotiation strategies
- Developing negotiation positions and tactics
- Contract Management for Cost Efficiency
- Managing contract changes and claims
- Performance-based contracting and incentives
- Monitoring and controlling contract costs
- Advanced Analytical Tools and Techniques
- Cost modeling and simulation
- Risk analysis and management
- Life cycle costing
- Summary
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Jim Bergman
Jim is an experienced contracts attorney and procurement professional with international management consulting experience in the procurement field in the USA, UK, Europe, China, India, SE Asia, the Middle East, Africa and Australia. He has experience working in both the public and private sector on [...]
ATAPU Credit
Aurora Training Advantage is offering continuing education points designed to recognize dedication to training and excellence in purchasing.ISM Credit
This program may be used for Continuing Education Hours (CEH) toward recertification for programs offered by the Institute for Supply Management®, including the Certified Professional in Supply Management® and Certified Professional in Supplier Diversity®.
QPANJ Credit
Qualified Purchasing Agent - New Jersey