Cost Drivers Over Time is the process used for documenting changes and re-assessing a supplier's cost base.

Course Outline:

1. Impact of cost drivers on component prices over time
2. Data collection to set target prices
3. Calculate the opportunity for improvement over time

Exercises Example:

• Supplier Price Relief Request:
  In this exercise, the class uses the concepts of cost driver changes over time to quantify a supplier price relief request.
  

Expectations Upon Completion:

• Knowledge to understand micro and macro level influences on cost drivers
• Ability to gain visibility into current costs by cost driver analysis
• Skills to answer suppliers' demands for price increases with fact based data