What's in a Price?

This What’s in a Price online training course explores the internal and external factors that influence price setting and the components of price. This course delves into financial reports and key financial ratios, that result from and influence a company’s pricing policy. It also provides an understanding of drivers of pricing policy and how you can evaluate your company’s financial management and sustainability, profitability, efficiency, and effectiveness. This knowledge will help you determine a profitable pricing policy for your company.

Course Learning Objectives

By taking this online What’s in a Price course, the user will learn to:

• Identify key financial analyses to add to suppliers’ sourcing records
• Identify broad cost trends
• Recognize effective business language to use for gaining internal buy-in
• Identify key financial ratios that measure profitability and financial management
• Identify other important financial ratios that measure funding, sustainability, efficiency, and effectiveness
• Recognize which financial ratios are suited for each supplier
• Understand costing methods
• Recognize the importance of contribution in pricing decision-making
• Conduct a break-even analysis
• Obtain cost information from suppliers
• Apply alternative costing approaches to your business
• Define the influence of demand and supply on price setting
• Describe the foundations of market and customer segmentation
• Define the forces that shape pricing policies
• Identify different pricing methods that influence pricing policies
• Determine if the supplier company is profitable and financially sustainable
• Evaluate the supplier company’s financial management, efficiency, and effectiveness
• Identify the supplier company’s financial sources

Course Outline

This online What’s in a Price course is made up of the following sections:

1. Finance Reports
2. Finance Ratios
3. Costing Methods
4. Pricing Policy
5. Case Study

Course Audience

This What’s in a Price online training course was designed for finance managers and purchasing department employees.

If you have any concerns as to whether this course is appropriate for you or your industry, please browse our full selection of online courses.