529: Key Takeaways from ProcureCon EU w/ Helen Mackenzie and Philip Ideson
Art of Procurement
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Cost Drivers and the Structure of the Cost of What You're Buying
I think that as we got further and further into this mod did have a process those processes were pretty inconsistent. What I see as being best practice is really understanding the input costs of the driving the cost increase request. So if you start to talk about well we're increasing our pricing by X because oil price is increased by Y or some of the commodity or maybe there's weight rate inflation. You know something that is that is justifiable that can be connected with a particular publicly available metric then that creates much more of a transparent based conversation around the validity of an increase. That has become more prevalent in terms of the way that people think about how they look at these price increases now definitely.
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