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Price, Cost and Value Management
01:35

Supplier Price Increase Avoidance

Supplier price increases, once conceded, can be difficult to recover. Buyers must take action to eliminate—or at the very least, minimize—their financial impact. This course focuses on reactive and predictive cost avoidance strategies and actions.

Course Includes:
  • 1 Module
  • 5 Learning Activities
  • 5 Checkpoints
  • 1 Practice Point
  • 1 Quiz
  • 1 Downloadable, Practice Point Exercise
  • 1 Downloadable, Practice Point Model Answer
  • 9 Downloadable, Infographics

Module summary:

  • Explains the two different types of cost avoidance strategies
  • Gives examples on how suppliers justify price increases
  • Shows how to use cost avoidance actions
  • Shows how to select the most appropriate cost avoidance strategy
  • Explains the predictive cost avoidance processes

Module lesson titles:

  1. Cost avoidance – an introduction
  2. Supplier justification for a price increase
  3. Reactive and predictive cost avoidance actions
  4. Determining which cost avoidance strategy to use
  5. The predictive cost avoidance process

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Purchase Options:

Select the length of time you’d like access to the course material and add it to your cart.

The options available for this course are below:

2 Months - $30.00

4 Months - $48.00

6 Months - $60.00 (Best Value)

Supplier Price Increase Avoidance (Single Course)

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