All of you already have experienced the difference between cost and price. Before and after the holiday weekend the fuel price is significantly different while the cost stayed the same. In procurement we deal with supplier prices every day, but is there any value for us to investigate the potential price of our product? The following article will elaborate on the difference of cost and price and how we need to use it in our daily procurement world.Continue reading
How to use “Target pricing” and „Target costing” in procurement and what is the difference?
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