Course description - Price Analysis is designed to help Strategic Sourcing and Supply Management professionals understand and apply price analysis methodologies used to determine if prices are fair, reasonable and competitive.

ISM-ADR School of Supply Management credit of Continuing Education Hours – 1.5 hours.
This course should take approximately 60 minutes to complete.

Intended audience - Supply Management professionals seeking understanding of the distinction between price analysis and cost analysis, and methods for assessing price competitiveness.

Learning objectives - After completing this module, you will be able to:

• Describe and apply Price Analysis concepts
• Apply Comparative Price Analysis
• Complete a Price List Analysis

Course outline:

• Introduction to Price Analysis
• What is Price Analysis?
• When should Price Analysis be used?
• How is Price Analysis performed?

• Comparative Price Analysis
• Unit of measure
• Historic prices
• Published prices
• Similar items
• Estimates
• Comparative price analysis exercise

• Price List Analysis
• Price list analysis methodology
• Price list analysis illustration
• Price list analysis example – CD insert example
• Price list analysis example – Banners
• Price list analysis exercise

• 20 Question Quiz