COURSE OBJECTIVES

The training program was design with the following key objectives of learning to the participants:-

• Deliver the different technique in evaluating quotation from vendor before purchase
• Deliver understanding and knowledge on the difference between price and cost analysis
• Define the term Total Cost of Ownership and how price and cost analysis will determine this Cost Ownership model
• Bring awareness to participant on Fixed Price contract with Economic Price Adjustment (FP-EPA)
• Introduce the concept of “Should Costing” mode of evaluating supplier quotation
• Introduce method of monitoring Forex exchange losses and gain in purchasing
• Bring in the knowledge in building Purchase price index for monitoring

LEARNING OBJECTIVES

By the end of the 2 days interactive session, the learning curve achieve will enable the following:-

• UNDERSTAND the various method to carry out purchasing analysis
• APPRAISE and DISTINGUISH the different between cost and price analysis
• DEVELOP plan of action to ensure all suppliers quotation supply all relevant information in order to ease the process of price analysis
• CONDUCT “Should costing” in evaluating supplier quotation, Purchase price Index, and Forex exchange tabulation.
• ABLE to determine the right cost to purchase with the Total Cost of Ownership model

TRAINING DURATION

• 2 day course (11to 12 hours of training and exercise)
• 00am to 5.00pm (with lunch / tea break)

PARTICIPANTS GROUP

This training program is highly recommended for employees involve in purchasing and sourcing job function and business owner who wish to broaden their knowledge in the area of price analysis before purchase.

COURSE CONTENT

Day 1

• Introduction to the training module and objective
• Understand the component of quotation from supplier
• Differences between Costs versus Price Analysis
• Method to Should Costing Analysis
• Case study on Should Cost Analysis
• Open Costing Method from Supplier

Day 2

• Price Analysis and Economic Price Adjustment clauses in contract
• Negotiated Bidding versus Competitive Bidding
• Total Cost of Ownership – defining the true cost of material
• Case Study on Total Cost of Ownership
• Purchase Price Index tabulation
• FOREX exchange monitoring process for purchasing
• Evaluation (Test paper)

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