The Cost Model is a key component of the Strategic Sourcing process, representing the quantification of all costs associated with the material or service being sourced. This includes material or service costs as well as all applicable internal process costs. The Strategic Sourcing Toolkit contains a brief overview of the Cost Model in Phase II (Assessment), and gives a perspective of where the Cost Model fits into the five-phase sourcing process.
The full content of this page is only available to SIG Members.
The Cost Model is a key component of the Strategic Sourcing process, representing the quantification of all costs associated with the material or service being sourced. This includes material or service costs as well as all applicable internal process costs. The Strategic Sourcing Toolkit contains a brief overview of the Cost Model in Phase II (Assessment), and gives a perspective of where the Cost Model fits into the five-phase sourcing process.