How to estimate costs and prices for procurement activities CIPS L4M2

When justifying an action, you want to take in procurement a key part of your business case will be to estimate the costs that will be incurred and the prices an organisation may need to pay

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ABOUT THIS VIDEO:

By the time you are done with this video you will in a position to understand

1. The types of data that can provide price and cost information
2. The difference between direct costs and indirect costs
3. How to produce estimated costs and budgets
4. Estimating the costs associated with whole-life asset management

TIME STAMPS
00:00 Intro
03:40 Pricing strategies
08:01 Understanding costs
15:14 Break even analysis
22:34 Procurement cost analysis (PCA)
27:24 Price analysis
32:11 Estimating the costs associated with whole-life asset management