Question: What is cost-based pricing? How and why is it used? What categories need to be included when estimating a supplier's cost for a manufacturing item?

  1. What is cost-based pricing? How and why is it used?
  2. What categories need to be included when estimating a supplier's cost for a manufacturing item?
  3. What options are there for estimating costs if the supplier is either unwilling or unable to provide a detailed cost breakdown?
  4. What are the best methods to track and report supply cost savings?

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