Our exclusive cost-modelling webinar takes a look at how to create should cost models. Enhance your knowledge of how they can be used to better understand your spending and use it to drive efficiencies and value in your supply chain.
Our exclusive cost-modelling webinar takes a look at how modelling can be used to better understand your spending and use it to drive efficiencies and value in your supply chain.
How to Model your Product Costs
Our exclusive cost-modelling webinar takes a look at how to create should cost models. Enhance your knowledge of how they can be used to better understand your spending and use it to drive efficiencies and value in your supply chain.
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
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 Ltd
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