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Course Description

In this course, you will prepare for a supplier negotiation or collaboration by evaluating purchasing decisions for significant expenditures based on various cost models. You will examine various factors that affect costs, such as a supplier’s pricing strategy and market conditions. By leveraging various costing strategies that are commonly used in industry, you will draft a price analysis for a complex item. Finally, you will explore collaborative cost management strategies and build your own total cost of ownership model.

Faculty Author

Christopher Gaulke

Benefits to the Learner

  • Identify cost drivers associated with a given purchase scenario
  • Leverage various cost models to inform supplier negotiations
  • Build a total cost of ownership model
  • Evaluate where costs can be reduced through collaboration with suppliers

Target Audience

  • Operations managers and executives
  • Purchasing department staffers
  • Supply chain managers
  • Procurement clerks
  • Inventory managers
  • Aspiring procurement and purchasing managers
  • Entrepreneurs

Applies Towards the Following Certificates

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Enroll Now - Select a section to enroll in

Type
2 week
Dates
Oct 28, 2026 to Nov 10, 2026
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Jan 06, 2027 to Jan 19, 2027
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Mar 17, 2027 to Mar 30, 2027
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
May 26, 2027 to Jun 08, 2027
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Aug 04, 2027 to Aug 17, 2027
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Oct 13, 2027 to Oct 26, 2027
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
Type
2 week
Dates
Dec 22, 2027 to Jan 04, 2028
Total Number of Hours
10.0
Course Fee(s)
Contract Fee $0.00
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