Procurement: Should Cost Model Training | How to Model Your Costs

Cost model training: Watch our two-part series here

Session 1

Maximising value from cost modelling

What is cost modelling?
When to use cost modelling
Selecting the right cost model
Optimising a recipe cost
Optimising specific material costs

Session 2

Optimising the
ingredients costs

‘Be the Detective’ – Find the Story
Supply Chain Mapping
High level cost overview
Value Chain Mapping
Assessing the impact of quantity
Deriving value from your cost model

Quote

I use Cost Models to track my Buyers performance; Mintec Market Prices v's Actual prices achieved by my Buyers. This forms part of my monthly performance review of the team.

Mintec Cost Model Customer