Objectives and Intended Outcomes
Upon successful completion of this course participants will be able to:
- Distinguish between reducing price and reducing cost.
- Utilize analysis techniques that reduce cost and total cost.
- Recognize appropriate cost components that may affect end results.
- Realize and benefit from trade off product re-use and innovation.
Intended for all public procurement professionals
There is more to every purchase than selecting the lowest price. It is possible to take the element of cost out of a purchase without sacrificing quality or effectiveness. This course will help students analyze specifications to create best value and optimize savings before ever sending the solicitation.