Value for Money Through Cost/Price Analysis

Scotland Excel Academy

Your guide to getting the best value from your procurement spend.

Scotland is acknowledged as a leader in public procurement, ensuring that money spent by the public sector delivers economic, social and environmental benefits for our communities. Understanding the relationship between cost and price is a useful skill in procurement. Learning about methods of costing, pricing strategy, cost drivers and levers can help to achieve better value for money through a review of supplier pricing.This course is ideal for procurement professionals and anyone involved in negotiation, price reviews or contract management. The content is presented by an experienced trainer, and training notes are provided for reference.On completion of this course, attendees will understand key cost drivers in business and have the skills to assess price increase requests from suppliers. Topics▪ Financial Statements and Cost Model Structure ▪ Costing Techniques – Absorption and Marginal Costing ▪ Pricing Strategies ▪ Cost Modelling ▪ Open Book Costing ▪ Cost Drivers and LeversThis course forms part of a suite of procurement workshops delivered by the Scotland Excel Academy as part of the Scottish Government's Procurement and Commercial Training Framework. Visit the <a href="https://academy.scotland-excel.org.uk/mod/page/view.php?id=251" target="_blank" data-msys-clicktrack="0" rel="nofollow noopener noreferrer">Scotland Excel Academy</a> for information on our full range of courses.Courses can be booked by anyone working within the Scottish public sector and registered Scottish charities. Courses are not open to the private sector or any organisations outside of Scotland. For further details on eligibility, please contact academy@scotland-excel.org.uk

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Value for Money Through Cost/Price Analysis

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Value for Money Through Cost/Price Analysis

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