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The course is sponsored by Prognos. Not only will you receive the course for free, but you will also have access to it for as long as it is available at LHTS

Should cost analyses

Jacob Mannheimer & Fredrik Axelsson

Should Cost analysis is a cost estimation technique used by procurement professionals to determine what a product should cost to manufacture. It considers various factors, including materials, labor, overhead, and profit margin, among others. By breaking down the product into its components and analyzing each cost element, buyers can gain a clear understanding of what drives the price and where there might be room for negotiation. This course is provided together with Prognos (sponsor) and are free to all users. Prognos merge should cost analysis, cost modeling and indexes into a strong negotiation tool, enabling buyers to argue for a relevant price development in a fact based way.
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Curriculum

    1. Learning Objectives.

    1. From Market Understanding to Effective Negotiations

    2. Explaining Should Cost Analysis

    3. Example Should Cost Analysis

    4. Where do I find Product - Price understanding...?

    1. Cost breakdown structure.

    2. Cost element

    3. Course Case Study: Cost Breakdown and Cost Elements in the Garment Industry

    4. Case Study Deep Dive: Understanding Labor Costs

    5. Summary of Should Cost Analysis, Cost Breakdown Structure, and Cost Elements

    1. What is a Cost Index

    2. Types of Price Indexes a buyer might meet

    3. How to Calculate Price Development Using CPI as example

    4. Selecting the Right Cost Index

    5. Which index do you think the supplier will choose?

    6. Can one create an own commodity price index?

    7. Index at Prognos.se

    1. Should cost tracker

    1. Questions to help you verify that you meet the Learning Objectives.

About this course

  • Free
  • 23 lessons
  • Advanced level - Tactical Buyer role
  • 20-25 min
  • Quiz and Certificate

Instructors are Jacob and Fredrik

Director Business Development Jacob Mannheimer

Jacob Mannheimer is manager at Prognos. Since 1983, Prognos has supported procurement organizations with better negotiations and fact-based decision making. Prognos offers a digital platform that enables quick access to customized reports with cost changes for your specific products. The data for the reports is continuously updated by our experts. The reports provide a significant advantage in cost negotiations with your suppliers!

Senior instructor. Fredrik Axelsson

Meet Fredrik, a seasoned procurement professional from Gothenburg, Sweden, with a Master's in Economics from Gothenburg University and an Executive MBA from Stockholm Business School. With roles at LM Ericsson, Solectron Sweden AB, Axelson Purchasing Resources AB, Saab AB, and Alstom/GE, Fredrik has amassed expertise in sourcing and procurement. In 2017, he launched Sourcing Partner, a procurement consultancy firm how also own and manage Learn How to Source. Fredrik's diverse experience spans from Operative Buyer to Sourcing Director and roles like Commodity Manager and Business Development, in line organizations and projects, including industries like banking and manufacturing. Fredrik's story is one of continuous growth, learning, and adaptation, making him a well-rounded professional with a wealth of knowledge to offer.

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About Learn How to Source

Learn How to Source is an online platform based in Sweden, offering a range of procurement courses accessible globally. It serves as a community where procurement experts share their knowledge through online courses, designed for various experience levels from introductory to expert. Courses are concise, about 30 minutes each, and cover different aspects of procurement, tailored for different buyer roles. The courses focus on practical knowledge, presented by seasoned professionals, and include quizzes and certificates. They can be accessed from any device, emphasizing microlearning for flexibility and efficiency.