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About this Course

This is an online learning digital course, which is designed and developed for learners to acquire specialized knowledge of cost price analysis techniques in an organization. The course will provide its learners with the required skills to understand the various cost analysis techniques that are essential for effective decision-making in organizations. This digital course enables learning flexibility for learners to study at their own pace within a stipulated time period, while providing high-quality content that is delivered through interactive videos and exercises.

This specialized digital course comprises 5 sections that cover important topics on Determining the Purchase Price; Price Analysis through Competitive Bidding; Cost Estimation & Cost Analysis; Understanding Cost Models; and Cost Reduction Strategy & Techniques. An average learner requires a duration of about 18 hours to complete this specialized course successfully.

This course is jointly developed by Singapore Institute of Purchasing and Materials Management (SIPMM), and Logistics Institute of Singapore, with industry advisory from global providers and organizations that provide career pathways and job specifications for skills upgrading and mastery.


Who should Enroll

This course has benefited professionals employed across most industry and service sectors. It has also enabled strong foundation for those who wish to acquire and broaden their scope of specialized knowledge on costing strategy and techniques, which is necessary for the organizational success.


Attaining a Competency Certificate

Towards the end of the course, a learner will complete a 30-minute online examination, that comprises 25 multiple-choice questions. When the learner attains a minimum score of 80% for the online examination, the learner will attain a Certificate of Competency in Cost Price Analysis Techniques. This specialized Certificate of Competency is awarded by Singapore Institute of Purchasing and Materials Management (SIPMM) and is accredited by Logistics Institute of Singapore.


Attaining an Accredited Designation Award

Upon successfully attaining three (3) Competency Certificates, and maintaining an active membership with either SIPMM or the Logistics Institute of Singapore, a learner can qualify for the prestigious title of Accredited Sustainability Professional (Procurement). For further details and a comprehensive understanding of the accreditation process, we encourage you to visit the official website at https://sipmm.edu.sg/asp/.


Start your Learning Today

Industry-Recognized Certificate

Flexible Online Self-Learning

Relevant and Up-to-date Course Videos

Graded Online Examination

Globally-Recognized Award

For more information about the course, certification, and accreditation, please send an enquiry to [email protected].


Course Curriculum

Course Outline
Introduction : Cost Price Analysis Techniques Preview 00:04:00
Section 1 : Determining the Purchase Price 00:24:00
Section 2 : Price Analysis through Competitive Bidding 00:21:00
Section 3 : Cost Estimation & Cost Analysis 00:26:00
Section 4 : Understanding Cost Models 00:28:00
Section 5 : Cost Reduction Strategy & Techniques 00:24:00
Course Examination
Online Exam : Cost Price Analysis Techniques 00:30:00
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