Procurement Cost Control System
Control a product's price from the tender process to the last order — target cost, monthly change tracking and forecasting in one system.
A product's price is protected not by a one-off tender but by a control system built across its life cycle. In this module, we apply on a real case, using the getcifa software, how cost control is carried out through AI and digital transformation processes.
What we will cover
- Target cost: Calculating, on getcifa, what the cost should be at live prices
- Negotiating a price increase request: Negotiating an incoming price increase request (CPI) on the basis of the target cost
- Raw material forecast reports: Using forecast reports to manage purchase timing, quantity and negotiation timing
- Financial value created: Calculating together the financial value that this kind of management can create
Case study
A target cost is calculated on getcifa at live prices, and then an incoming price increase request is negotiated with this data; the effect of forecast reports on purchase and negotiation timing is seen end to end.
A single Tuesday-morning session, 3 hours, hands-on; all you need to bring is your laptop. It builds on the cost breakdown module — taking the modules in sequence is recommended.