Price, Cost and Value
Key Elements of Cost
Product Design Requirements
The Cost Journey
Quotation Breakdown Form (QBF)
GAP Analysis Form
Introducing the Part for Costing
Capturing the COst
Product Design Analysis
Brainstorming Creating and Rating Ideas
Creating a Table of Opportunities
Making a Challenge to the Cost
The Product Cost Awareness course will show you what drives cost into your product, how you can identify which areas can be improved, and how you can then tackle those areas to improve the cost and deliver significant savings.
This course, built for anyone who would benefit from gaining a better understanding of product cost, whether you are a product creator, or someone who buys products, is transformable to any manufacturing industry. Whilst materials, process and standards will be different, the core principles are exactly the same.
£ Understand the cost of your products
£ Create powerful partnerships with your suppliers
£ Get control of your supplier spending
£ Improving the design of your products
Who is the course aimed at?
The course is not aimed specifically at any one profession, but for anyone who would benefit from gaining a better understanding of product cost. Whether you are a product creator, or someone who buys products.
Is it course suitable for any industry?
Product cost awareness skills are transferable to any manufacturing industry. Whilst materials, process and standards will be different, the core principles are exactly the same.
Do I require any prior knowledge or experience?
This is a basic cost awareness course, so there are no pre-requirements.
Do I need any special software to use the course?
For some of the exercises you will need Microsoft Excel - preferably with macros enabled to run the tools. Macros are not essential however, as an alternative method has been provided
What can I expect to be able to do after this course?
You will gain a basic understanding of product cost, and how you can make challenges to cost. You can utilise this to make savings on your own products and to bring cost control to your products.
Is there a Money-Back Guarantee with this course?
We're confident that you will benefit significantly from this course, both in terms of enhanced skillset, and the savings that you will then be able to realise, and help to deliver. To back this up, we offer a 30 day (from enrolment), no questions asked, money back guarantee. Simply email me to request a refund.
I am an experienced buyer; having worked closely with a cost engineering team in the development of should cost and in the completion of gap analysis of products I deal with.
I reviewed the Product Cost Awareness course provided by Pivotal Value Training as a tool for colleagues new to the concept of should cost and product cost analysis.
The course explained in detail, in a clear manner and in layman's terms, all the steps required to establish should cost and gap analysis and strengthen the negotiating position for the buyers.
This training would add immediate value to the individual and the organisation as it would increase the buyer's knowledge of the cost of the products they deal with.