Supply Chain Solutions No.29 – Price Versus Cost

Supply Chain Solutions No.29 – Price Versus Cost

Irrespective if the sourced item is direct or indirectly procured, the objective is to maximise perceived value which must maximise margin, be within cost and on time with the least amount of effort, and quality is fit for end use.

Supply Chain Solutions No.15 – Cost to Price for a Value Win

Supply Chain Solutions No.15 – Cost to Price for a Value Win

There are a few ways you can go about achieving your margin objectives. You can engineer the product cost to price, negotiate to price or a combination of both. Below we are going to explore engineering product cost to gain a winning price.

Supply Chain Solutions No.9 – Reviewing Supplier Samples

Supply Chain Solutions No.9 – Reviewing Supplier Samples

Before you visit a new vendor to assess their capabilities, receiving samples of their previous production will give you the opportunity to examine their quality, manufacturing technique, expertise and innovation.

Supply Chain Solutions No.7 – When reviewing price look at the End to End cost “Total Cost of Ownership”

Supply Chain Solutions No.7 – When reviewing price look at the End to End cost “Total Cost of Ownership”

As per sourcing Tip #6, we are all tempted only to look at the vendor price alone, but there are additional factors which must be considered to determine the “Total Cost of Ownership”