Question: Procurement SCM TOPIC SPECIFIC ASSIGNMENT 5 Module 11 Chapter 11 Cost Management Answer the following questions, justify your answers. 1. What is cost-based pricing? How

Procurement SCM TOPIC SPECIFIC ASSIGNMENT 5 Module 11 Chapter 11 Cost Management Answer the following questions, justify your answers. 1. What is cost-based pricing? How and why is it used? 2. What are the major categories that you would include when estimating a suppliers cost for a manufacturing item? a. How would you estimate such costs if the supplier is either unwilling or unable to provide a detailed cost breakdown? 3. What is Total Cost of Ownership (TCO) and how is it determined. Provide an example 4. What are the best methods to track and report supply cost savings?

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