Should-Cost Model: What the Part Ought to Cost
This lesson is part of the course
In this lesson
You rebuild a supplier's price from materials, labour, machine time, overhead and margin, and measure how far the quote is above your should-cost.
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Lessons in this course
- The Spend Cube: Category × Supplier with SUMIFS Locked
- Supplier Pareto & Tail Spend Locked
- Purchase Price Variance, Cost Reduction & Cost Avoidance Locked
- Supplier Scorecard: Normalised KPIs, Weights & Rank Locked
- Should-Cost Model: What the Part Ought to Cost Locked
- Total Cost of Ownership: Beyond the Unit Price Locked
- Contract Compliance & Maverick Spend Locked
- Tender Evaluation: Price Normalisation & Weighted Award Locked