People involved in quoting often believe the cost information their accountants provide is accurate and competently compiled. Is it true, or do they really have you fooled? Manufacturing companies often focus their cost analysis on direct labor and direct materials, ignoring the potential vast differences existing between products for other costs types. During this session, you will learn how to ask the tough questions about how your company considers twelve cost categories in your quoting model.

During this session, participants will learn how to ask tough questions about how their company accounts for the following twelve cost categories in their quoting model: 
  • Product development and launch
  • Occupancy 
  • Depreciation
  • Maintenance
  • Set-up
  • Supervision
  • Inspection and quality control
  • Material handling
  • Excess capacity
  • Selling costs
  • Administrative 
  • Interest and financing

Who Should Attend:
  • Engineers
  • Estimators
  • Accountants
  • Buyers
  • Operations management and sales personnel involved with the quoting process

Training Session Information
Date Presented:
February 27, 2013 2:00 PM Eastern
1 hour, 30 minutes
Pricing and Estimating: How Good is Your Cost Model?
Speaker Information
John L. Daly   [ view bio ]
Individual topic purchase: Selected
Recertification Credit : 1.00
This session is available for recertification credits for individuals who have earned a certification through SME.
> Lean Certification
> Technical Certification
Preview Pricing and Estimating: How Good is Your Cost Model?Preview Pricing and Estimating: How Good is Your Cost Model?