Masterclass: Understanding Value Chains & Cost Modelling
Optimising value identification and creation to give you a competitive advantage
Masterclass: Understanding Value Chains & Cost Modelling free download
Optimising value identification and creation to give you a competitive advantage
The primary purpose of this course is to equip strategic sourcing managers and leaders with the tools to understand the price impact of all players in the value chain and look at how different cost models impact value for money. Knowing when and where to enter the supply chain is a key aspect of sourcing strategy development. Some buyers will pursue a strategy of full reverse integration through acquisition others will collaborate with other buyers to form consortiums whilst some may prefer to take the risk of selectively entering the value chain at appropriate intervals. Allied to one's understanding of the value chain is our understanding of cost models as we may to choose a very different cost model depending upon where we enter the value chain.
The session will give the participants a grounding in the following:
ü Understanding the value chain (as opposed to the supply chain) and the relationship between the value chain and one's sourcing strategy
ü Understanding how and when to choose different types of cost model
ü How to determine the best cost modelling approach to different buying scenarios
ü How to ensure you are optimising your Value chain
ü Price model evaluation
Included also is an assessment of the total cost of acquisition for a product or service.
