Supply Chain Management cost and pricing strategies Online Short Course

COURSE OBJECTIVE

This course will be able to contribute towards the creation of sustainable value through analysing current cost and pricing strategies and recommending improved strategies that will make meaningful contributions towards the achievement of organisational strategic imperatives.

A learner completing this course will be able to:

• Analyse the fundamentals of cost.
• Use various mechanisms to manage the price of products and services.
• Use various cost analysis techniques to calculate the real cost of products and services.
• Use cost and target based pricing to determine prices.
  

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WHAT YOU WILL LEARN:

• Analyse the fundamentals of cost.
• Types of cost are analysed to reflect the application of alternative costing systems.
• The application of various costing systems within the supply chain are analysed indicating their advantages and disadvantages.
• The concept of total cost of ownership is evaluated to determine its use and how to solve problems related to its application.
• The process of developing a total cost of ownership system is evaluated to reflect its uses and the purpose of total cost of ownership data.
• Use various mechanisms to manage the price of products and services.
• The prices of products and services are managed by determining the impact of various market structures.
• The impact of various economic conditions are utilised in the management of price of products and services.
• The fundamental pricing strategy of a seller is used to manage the price of products and services.
• The prices of products and services are managed in a way that reflects the impact of product specifications on price.
• The management process reflects the way in which purchase volume and quantity discounts on price impacts on prices of products and services.
• The producer price index is used to manage price in specific scenarios.
• Use various cost analysis techniques to calculate the real cost of products and services.
• Supplier costs are estimated using reverse price analysis.
• Production cost scheduling is conducted to calculate the real cost of products and services.
• The cost of products and services is evaluated through graphical analysis.
• A break even analysis is conducted to reflect its importance in creating sustainable value.
• A learning curve analysis is conducted to determine its influence on pricing strategies.
• Use cost and target based pricing to determine prices.
• The concept of target pricing is interrogated to determine its influence on the determination of prices.
• Cost based pricing is used to determine prices in specific scenarios.
• The prerequisites for successful target and cost based pricing are identified and applied.
• An integrated cost and pricing strategy is developed to suit specific scenarios.
  

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COURSE DELIVERY

The course is delivered through the School of Shipping Learning website and allows you to study at your own pace (recommended duration 8 weeks). You may begin and register any time. A Subject Matter Expert and will provide you with academic support through the learning website and a Course Coordinator will also be available on email and telephone to provide you with administrative support.

ASSESSMENT AND AWARD OF THE CERTIFICATE

You are not required to write any exams as a formative and summative assessment is completed online. You will need to achieve a mark of at least 60% for each assessment to receive the certification. Should you not gain competency on your first attempt one more resubmission will be allowed at no additional cost.

ENTRY REQUIREMENTS

The only entry requirement for this course is a desire to learn and advance your career.
In order to do this course, you will need:

• An email account
• Access to a computer and the internet
• Be able to open and read PDF documents
• Read and write in the English language